HomeMy WebLinkAboutR-83-0291t 1W
J-83-259
RESOLUTION NO. „3-� n.;31.
A RESOLUTION AUTHORI7,ING AND DIRECTING THE
CITY MANAGER TO PROCEED WITH PREPARATION AND
SUBMISSION OF AN APPLICATION FOR AN URBAN
DEVELOPMENT ACTION GRANT TO THE U.S. DEPART-
MENT OF HOUSING AND URBAN DEVELOPMENT FOR
DEVELOPMENT OF FIFTY-FIVE UNITS OF SALES
HOUSING IN THE OVERTOWN COMMUNITY DEVELOPMENT
AREA AND SIX UNITS OF SALES HOUSING IN THE
COCONUT GROVE COMMUNITY DEVELOPMENT AREA.
WHEREAS, it is recognized that the future growth and
stability of the City of Miami's neighborhoods is in major part
dependent upon the need to provide new home ownership opportuni-
ties for low and moderate income families; and
WHEREAS, on September 9, 1982, in accordance with Section
125.38, Florida Statutes, Metropolitan Dade County through its
Department of Housing and Urban Development solicited proposals
from local Community Development Corporations for the purchase
and redevelopment of four parcels in Overtown Community Develop-
ment Target Area and six parcels in the Coconut Grove Community
Development Target Area, as sales housing; and
WHEREAS, proposals were submitted to two Community Develop-
ment Corporations: Home and Housing of Dade, Inc., and the
Economic Development Corporation of Dade County, Inc.; and
WHEREAS, the development of 55 units of sales housing in the
Overtown neighborhood and 6 units of sales housing in the Coconut
Grove neighborhood has been endorsed by the Overtown Community
Development Advisory Board and the Coconut Grove CAA/CED
Community Advisory Committee, respectively; and
WHEREAS, the proposed total development cost will be
approximately $3,000,000, of which a combination of public and
private sector funds will be made available; and
WHEREAS, the City of Miami has initiated ar. application for
$1,500,000 from the U.S. Department of Housing and Urban Develop-
ment in the form of an Urban Development Action Grant to be used
to provide second mortgages to purchasers of the above mentioned
housing;
CITY COI`•'iMISSION
MEETING OF
APR 6 -21983 ��1y 1
i:E MARKS
f,
ON
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
Section 1. The City Manager is hereby authorized and
directed to
proceed with
preparation and
submission of an
application
for an Urban
Development Action
Grant to the U.S.
Department of Housing and Urban Development for development of
fifty-five units of sales housing in the overtown community
development area and six units of sales housing in the Coconut
Grove community development area.
PASSED AND ADOPTED this 6th day of April , 1983.
Maurice A. Ferre
MAURICE A. FERRE, Mayor
ATTEST:
RALPIV G. ONGIE
City Clerk
PREPARED AND APPROVED BY:
VJ (. 2."+ L.•
-44
JO L E. MAXWELL/
sistant City Attorney
APPROVED AS TO FORM AND CORRECTNESS:
ee
DOSE R. GARCIA-PEDROSA
City Attorney
wpc/pb/0 89
-2-
83-231
JV
^'s OFFICE
CITY OF MIAM3 R F25:, Pl.,' 2. '
2 INTER -OFFICE MEMORANDUM
Howard V.. Gary -E March 25, 1983 FILE
City Manager
Approval for preparation
and submission of an
Urban Development Action
Dena SpillProgram
man, Director Grant/Homeownership Loan
Departmenit of Communtiy Development
`' "`''
City Commission Agenda
April 6, 1983
On September 9, 1982, Metropolitan Dade County's Department of
Housing and Urban Development solicited proposals from local
non-profit Community Development Corporations for the purchase and
redevelopment of four (4) parcels in the Overtown Community
Development Target Area and six (6) parcels in the Coconut Grove
Development Target Area for housing development.
In response, two (2) Community Development Corporations submitted
proposals, Home and Housing of Dade, Inc., and the Economic
Development Corporation of Dade County, Inc.
Public informational meetings were held in both the Overtown and
Coconut Grove neighborhoods at which time residents had the
opportunity to review proposals from Home and Housing of Dade,
Inc., and the Economic Development Corporation of Dade County,
Inc. Subsequently, Home and Housing of Dade, Inc., was tentatively
selected as developer for forty (40) units of sales housing in the
Overtown and Coconut Grove neighborhoods. Economic Development of
Dade County, Inc., was similarly designated as the developer of
twenty-one (21) units in Overtown. The sales price of the
3-bedroom/2 bath models and 4 bedroom/2 bath models will range in
price from $39,900 - $52,000.
In an effort to provide the opportunity for low and moderate
income families to purchase the planned units and at the request
of Dade County HUD, City staff is preparing an application to US
HUD for an Urban Development Action Grant. If awarded, the funds
will be used to provide second mortgage financing to qualified
buyers. The deadline for submission is April 30, 1983. Through a
$1,000,000 UDAG awarded in 1978, 44 eligible families have been
able to purchase newly constructed homes in three (3) Community
Development Target Areas in the same manner. The UDAG funds were
used to provide tandem mortgage financing. Amerifirst Federal
Savings and Loan Association issued first mortgages and the UDAG
funds were used as second mortgages. Amerifirst has tentatively
agreed to again make available first mortgage financing.
83--291
City staff has recently been advised by Dade County HUD that in
order for the project to be carried out, site improvements to the
various parcels will have to be completed. Staff is currently
exploring the feasibility of CDBG cost -sharing with Dade County in
order to fund these improvements. Preliminary estimates indicate
that approximately $700,000 will be needed.
Formal submission of the UDAG application will be subject to
resolution of this matter and final approval by the Dade County
Commission.
Total project cost is approximately $3,000,000. The project will
provide approximately 75-100 construction jobs during the
development phase. The project developers have made a firm
commitment to adhere to the City's Affirmative Action hiring
guidelines, targeting at least 20% of the construction jobs to
minorities.
City Commission approval for the preparation and submission of an
Urban Development Action Grant to the U.S. Department of Housing
and Urban Development is recommended.
83--291