HomeMy WebLinkAboutSummary FormDate: 1/10/2006
AGENDA ITEM SVMMARY FORM
FILE ID: 0 6" 00 233
Requesting Department: Community Development
Commission Meeting Date: 2/23/2006 District Impacted:
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Amending the City's Consolidated Plan
Purpose of Item:
AMENDING THE CITY OF MIAMI'S ("CITY") CONSOLIDATED PLAN ("PLAN") FOR
FISCAL YEARS 2004-2009, APPROVED ON JUNE 10, 2004, PURSUANT TO RESOLUTION
NUMBER 04-0374, TO INCLUDE MULTI FAMILY RE -FINANCING GUIDELINES, UNDER
THE HOUSING STRATEGY SECTION, AS SPECIFIED IN EXHIBIT "A", ATTACHED AND
INCORPORATED; AUTHORIZING THE CITY MANAGER TO SUBMIT THE CITY'S
AMENDED PLAN FOR FISCAL YEARS 2004-2009, TO THE UNITED STATES DEPARTMENT
OF HOUSING AND URBAN DEVELOPMENT ("HUD") FOR REVIEW AND APPROVAL;
Background Information:
• Pursuant to Resolution 04-0374, adopted June 10, 2004, the City Commission approved the
Consolidated Plan for fiscal years 2004-2009
• The Plan assesses the City's housing needs, barriers to affordable housing and community
development needs, identifies resources to address these needs and establishes the structure to
implement the Plan
• The Administration recognizes that the need to refinance existing debt of multifamily buildings
receiving funds for rehabilitation is essential, in some cases, in making or preserving the units
affordable to low income families
• The recommended guidelines, attached and incorporated, will assist the department in reviewing the
feasibility of such developments to ensure the financing mechanism in place and the development
meets regulatory as well as the department's overall goal of neighborhood revitalization
Budget Impact Analysis
Is this item related to revenue?
Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Dept. D' ect
Chie
Final Approvals
(SIGN AND DATE)
City Manager
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