HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: 0 Er NA%
Date: 5I03/2006 Requesting Department: Community Development
Commission Meeting Date: 6/8/2006 District Impacted:
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: ACCEPTANCE AND ALLOCATION OF HOME FUNDING: 32"d YEAR
Purpose of item:
AUTHORIZING THE ACCEPTANCE OF HOME INVESTMENT PARTNERSHIPS PROGRAM
("HOME") FUNDS, IN THE AMOUNT OF $4,643,888 FOR THE 3211d PROGRAM YEAR;
ALLOCATING SAID FUNDS TO THE VARIOUS ACTIVITIES LISTED IN "ATTACHMENT A,"
ATTACHED AND INCORPORATED, FOR THE DEVELOPMENT OF AFFORDABLE HOUSING;
AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS, FOR
ACCEPTANCE OF SAID FUNDS.
Background Information:
The United States Department of Housing and Urban Development ("HUD") has advised the City of
Miami ("City") that the projected 32nd Program Year entitlement will be $4,643,888 for the Home
Investment Partnerships ("HOME") Program
The Administration recommends that HOME Program funds be allocated to the various activities
listed on "Attachment A," attached and incorporated
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:
C!P Project No:
Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Final Approvals
(SIGN AND DATE)
City Manager,
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