HomeMy WebLinkAboutR-86-0539J-86-588�
RESOLUTION SG-539;..
A RESOLUTION AUTHORIZING THE
CITY MANAGER TO ACCEPT A RENTAL
REHABILITATION PROGRAM GRANT
PROM THE U. S. DEPARTMENT OF
HOUSING AND URBAN DEVELOPMENT
(HUD) FOR $3329000 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 $332,000 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 July 18, 1986;
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
Rental Rehabilitation Program Grant from the U. S. Department of
Housing and Urban Development for $332,000.
Section 2. The City Manager is further authorized to
submit the required program description to the U. S. Department
of Housing and Urban Development.
On OOMwSstl
MEE2=0 OF
JUL jp 1980
PASSED AND ADOPTED this loth day of�t�r.v , 1986.
a ier uarez
Mayor
ATTEST:
Ma y ki
City Clerk
PREPARED AND APPROVED BY:
'64"y is -
Robert F. Clark
Chief Deputy City Attorney
APPROVED.AS TO FORM AND CORRECTNESS:
Lucia A. Doug
City Attorney
86-539
CITY OF MIAMI. FLORIDA
INTER -OFFICE MEMORANDUM 16
TO. Honorable Mayor and
Members of the City Commission
FROM Cesar H. Odio
City Manager
er
DATE: J U L 1 1986 FILE:
SUBJECT: Rental Rehabilitation
Program
City Commission Agenda
REFERENCE,fuly 10, 1986
ENCLOSURES:
It is 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 $3320000 to
increase the supply of affordable,
standard rental housing for lower
income families, and further
authorizing the City Manager to
submit the required program
description to the U. S.
Department of Housing and Urban
Development for approval.
The City of Miami has been designated eligible to receive an
allocation of $332,000 of FY 1986 Rental Rehabilitation Program Grant
funds by the U. S. Department of Housing and Urban Development. In
addition, Section 8 Existing Certificates and/or vouchers will be
made available based on a ratio of one for every $5,000 of grant
funds. Fiscal Year 1986 marks the third consecutive year in which
federal funds have been granted to 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 certificates to lower income families to help them afford
the rent of units in projects assisted with program funds or to find
alternative housing.
�' 86-539►.�
ii
i;
Rental Rehabilitatio._ Program
Page 2
.;h�
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.
Housing & Urban Development by July 18, 1986. It i
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86- 53y,_