HomeMy WebLinkAboutcover memoCITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
The Honorable Mayor and
Members of The City Commission
Joe Arri
City Manager
DATE:
SUBJECT
REFERENCES;
ENCLOSURES:
MAY 21 2004
FILE :
Transfer of Home Investment
Partnerships Program funds from
Model City Homeownership
Zone/Pilot Project
City Commission Meeting
June 10, 2004
RECOMMENDATION:
It is respectfully recommended that the City Commission adopt the attached Resolution,
authorizing the transfer of Horne Investment Partnerships Program funds previously
allocated to Model City Homeownership Zone/Pilot Project to an in -fill affordable
housing project in the Model City Area.
BACKGROUND:
On July 21, 1998 Resolution No.98-800, allocated a total of $1,500,000 in Home
Investment Partnerships Program funds for the acquisition of vacant parcels and
construction of homes.
Asencv / Activity Transfer From
Model City Homeownership Zone (IDIS#815) $650,000
* Model City In -Fill Affordable Housing
Total Funds $650,000
Transfer To
$650,000
$650,000
*To be funded by the Housing and Commercial Loan Committee
It is recommended that the City Commission adopt the attached Resolution, authorizing
the transfer of Home Investment Partnerships Program funds previously allocated to
Model City Homeownership Zone/Pilot Project to an in -fill affordable housing project in
the Model City Area
The proposed Resolution does not have a budgetary impact on the General Fund.