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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM S Law Department Matter ID No. , FILE ID: 10 (O i Date: 05/19/2010 Requesting Department: Community Development Commission Meeting Date: 06/17/2010 District Impacted: 1,2,3,4,5 Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: SECTION 8 FUNDING: 2010-2011 Purpose of Item: AUTHORIZING THE ACCEPTANCE OF SECTION 8 HOUSING PROGRAM FUNDS, IN THE AMOUNT OF $4,272,582 FOR RENTAL ASSISTANCE, AND IN THE AMOUNT OF $448,842 FOR PROGRAM ADMINISTRATION, FOR A TOTAL AMOUNT OF $4,721,424, FROM FISCAL YEAR 2010-2011 ANNUAL CONTRIBUTIONS FROM THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT; AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS FOR SAID PURPOSE. Background Information: The City of Miami has 416 units under Section 8 contracts. The United States Department of Housing and Urban Development has advised the City of Miami that the projected allocation for the Section 8 Housing Program for Fiscal Year 2010-2011 is available in the amount of $4,272,582 for rental assistance payments and $448,842 for program administration, for a total amount of $4,721,424. Budget Impact Analysis NO Is this item related to revenue? NO Is this item an expenditure? If so, please identify funding source below. General Account No.- Special o:Special Revenue Account No: CIP Project No: NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: CIP If using or receiving capital funds Grants Purchasing Chief Final Approvals (SIGN AND DATE) Budget. Risk Management Dept. Director City Manager