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CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
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TO :
FROM :
e Honor
mbers
Arriola
Manager
and
DATE:
SUBJECT:
REFERENCES:
ENCLOSURES:
September 15, 2004
FILE :
Transferring of CDBG funds from
Housing Loan Recovery Fund to
Single Family Programs
City Commission Meeting
October 14, 2004
RECOMMENDATION:
It is respectfully recommended that the City Commission adopt the attached Resolution,
with attachment(s), transferring Community Development Block Grant (CDBG) funds in
an amount not to exceed $484,580.43 from the Housing Loan Recovery Fund to Single
Family Programs for housing activities.
BACKGROUND:
On September 11, 2003, the City Commission adopted Resolution No. R-03-995 which
allocated $484,580.43 to the Housing Loan Recovery Fund. Said funds have not been
utilized and there is a serious need to assist families who need housing rehabilitation.
City of Miami's Single Family Programs has a received a total of 247 applications for
families requesting housing rehabilitation that need to be processed.
It is recommended that the City Commission adopt the attached Resolution, with
attachment(s), transferring CDBG funds in an amount not to exceed $484,580.43 from
the Housing Loan Recovery Fund to Single Family Programs for housing activities.
The p
osed Resolution does not have a budgetary impact on the General Fund.
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