HomeMy WebLinkAboutR-87-04181
J-87-459
l,► 5/4/87
RESOLUTION""
A RESOLUTION AUTHORIZING THE
CITY MANAGER TO ACCEPT A RENTAL
REHABILITATION PROGRAM GRANT
FROM THE U. S. DEPARTMENT OF
HOUSING AND URBAN DEVELOPMENT
(HUD) FOR $924,000 TO INCREASE
THE SUPPLY OF AFFORDABLE,
STANDARD HOUSING FOR LOWER
INCOME FAMILIES; AND FURTHER
AUTHORIZING THE CITY MANAGER TO
SUBMIT THE PROGRAM DESCRIPTION
TO THE U. S. DEPARTMENT OF
HOUSING AND URBAN DEVELOPMENT
FOR APPROVAL.
WHEREAS, Section 17 of the United States Housing Act of
1937 establishes a program known as the Rental Rehabilitation
Program to increase the supply of affordable, standard housing
for lower income families; and
WHEREAS, the City of Miami is experiencing a severe
rental housing shortage affordable to lower income families; and
WHEREAS, the U. S. Department of Housing and Urban
Development has allocated $924,000 of Rental Rehabilitation
Program Grant funds to the City of Miami; ,and
WHEREAS, a Rental Rehabilitation Program description is
required to be submitted to the U. S. Department of Housing and
Urban Development by June 1, 1987;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE
CITY OF MIAMI, FLORIDA:
Section 1. The City Manager, as chief administrative
officer for the City of Miami, is hereby authorized to accept the
i
Rental Rehabilitation Program Grant from the U. S. Department of
Housing and Urban Development for $924,000.
Section 2. The City Manager is further authorized to
submit the required program description to the U. S. Department
of Housing and Urban Development.
CITY CO SSION
WMETING OF
NAY 14 1987
ra
PASSED AND ADOPTED thisl4th day of May , 1981.
Xavier L. Suar
Mayor
ATTEST:
c� Matty Hirai
City Clerk
FINANCE REVIEW:
Cararc a, Director
Financ Department
PREPARED AND APPROVED BY:
Ro �F.0
Chief Deputy City Attorney
TO FORM AND CORRECTNESS:
j&ci# bug erty
City Attorney
BUDGETARY REVIEW:
*ad.ohar na,
Director
Management a d Budget
0
q,
CITY OF MIAMI. FLORIDA
s 13
INTER -OFFICE MEM ORANOUM
TO.
Honorable Mayor and DATE: MAY 0 0 1987 FILE:
Members of the Clity Commission Rental Rehabilitation
SUBJECT:
Program
Cesar Odio City Commission Agenda
FROM: City Manager
REFERENCES: May 14, 1987
ENCLOSURES:
RECOMMENDATION:
It is respectfully recommended that the City Commission approve a
resolution authorizing the City Manager to accept a Rental
Rehabilitation Program Grant from the U. S. Department of Housing and
Urban Development for $924,000 to increase the supply of affordable,
standard rental housing for lower income families, and further
authoram
description tohthe City U. S.Manager to submit the Departme t of Housing and Urban Deveuired lopment
descr p
for approval.
BACKGROUND:
_ The Housing Conservation and Development Agency recommends that the
City Commission authorize -the City Manager to: (1) accept a Rental
Rehabilitation Program Grant from U. S. HUD for $924,000, and (2)
submit Lrequired program description to U. S. HUD for approval.
The City of Miami has been designated eligible to 3�ecei.ve an
allocation of $924,000 of F'Y 1987 Rental. Rehabilitations Program Grant
funds by the U. S. Department of Housing aa d Urban available basedonat .ratio
In
addition, Section 8 Vouchers will
of he
one for
$0 which federal fundshavebeengrant funds. granted to
marks t
fourth consecutiveyear in
the City of Miami for this program.
The Rental Rehabilitation Program provides rental rehabilitation
grants to units of local government to help finance the cost of
rehabilitation of privately owned rental housing developments. The
Program is designed to increase the supply of standard housing units
affordable to lower income families. This is achieved by (1)
supplying government funds for financial assistance to rehabilitate
existing units and (2) providing rental subsidies in the form of
Section 8 vouchers to lower income families to help them afford the
rent of units in projects assisted with program funds or to find
alternative housing.
/3 —/
8 7-416
4
Rental Rehabilitation Program
Page 2
Rental Rehabilitation Program Grant financing will be made available
to owners of real property located in Community Development Target
Areas. The funds will be used in conjunction with Community
Development Block Grant funds to leverage private dollars to finance
the rehabilitation of multifamily rental housing.
The program description must be submitted to the U. S. Department of
Housing & Urban Development by June 1, 1987. It is recommended that
the City Commission authorize the City Manager to accept this grant
and submit the program description as required.
Attachments:
Proposed Resolution
1