HomeMy WebLinkAboutR-09-0367Vop City of Miami
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Resolution: R-09-0367
File Number: 09-00766
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
Final Action Date: 7/23/2009
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING THE REVISED CITY OF MIAMI ("CITY") LOCAL HOUSING
ASSISTANCE PLAN ("LHAP"), ATTACHED AND INCORPORATED, TO INCLUDE
THE IMPLEMENTATION OF THE CITY'S FLORIDA HOMEBUYER OPPORTUNITY
PROGRAM, FOR FISCAL YEAR 2009-2010; AUTHORIZING THE CITY MANAGER
TO SUBMIT THE AMENDED LHAP FOR REVIEW AND APPROVAL OF THE
FLORIDA HOUSING FINANCE CORPORATION; FURTHER AUTHORIZING THE
CITY MANAGER TO EXECUTE ALL NECESSARY DOCUMENT(S) TO IMPLEMENT
THE TERMS AND CONDITIONS OF THE STATE HOUSING INITIATIVES
PARTNERSHIP PROGRAM AND THE LHAP.
WHEREAS, pursuant to Resolution No. 07-0204, adopted April 12, 2007 the Miami City
Commission approved the City of Miami's ("City's") Local Housing Assistance Plan ("LHAP") for the
period of July 1, 2007 through June 30, 2010, for the continued participation of the City in the State
Housing Initiatives Partnership ("SHIP") Program; and
WHEREAS, on May 27, 2009, the Governor of the State of Florida signed the law implementing
the 2009-2010 Appropriations Act, which established Florida Homebuyer Opportunity Program
("FHOP"); and
WHEREAS, the implementation of FHOP requires the amendment of the City's LHAP to include a
strategy for FHOP; and
WHEREAS, the FHOP will provide subordinate down payment assistance loans to first-time
homebuyers for owner -occupied primary residences which can be repaid by the income tax refund
the homebuyer is entitled to under the First Time Homebuyer Credit; and
WHEREAS, the Administration recommends the amendment of the City's LHAP to include the
implementation of the City's FHOP;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by
reference and incorporated as if fully set forth in this Section.
Section 2. The revised City's LHAP, attached and incorporated, to include the implementation of
the City's FHOP, for Fiscal Year 2009-2010, is approved.
Section 3. The City Manager is authorized{1 } to submit the modified LHAP for review and
approval by the Florida Housing Finance Corporation.
City of Miand Page 1 of 2 File Id. 09-00766 (Version: 1) Printed On: 6/27/2017
File Number: 09-00766
Enactment Number: R-09-0367
Section 4. The City Manager is further authorized{1 } to execute all necessary document(s), to
implement the terms and conditions of the SHIP Program and the LHAP.
Section 5. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{2}
Footnotes:
{1} The herein authorization is further subject to compliance with all requirements that may be
imposed by the City Attorney, including, but not limited to, those prescribed by applicable City Charter
and Code provisions.
{2} If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar
days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become
effective immediately upon override of the veto by the City Commission.
City of Miami Page 2 of 2 File Id. 09-00766 (Version: 1) Printed On: 6/27/2017