HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: ra 6- o 16a
Date: 8/17/2006
Commission Meeting Date: 9/12/2006
Requesting Department: Community Development
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Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: AMENDING RESOLUTION NUMBER 05-0700 (MIAMI RECOVERS)
Purpose of Item:
AMENDING RESOLUTION NUMBER 05-0700, ADOPTED NOVEMBER 17, 2005, BY
SUBSTITUTING THE ATTACHMENT OF SAID RESOLUTION WITH THE MIAMI RECOVERS
PROGRAM GUIDELINES, AS DESCRIBED IN EXHIBIT "A", ATTACHED AN INCORPORATED;
AUTHORIZING THE ACCEPTANCE OF SAID GUIDELINES TO BE IN EFFECT, RETROACTIVE
TO NOVEMBER 17, 2005.
Background Information:
SEE ATTACHED
Budget Impact Analysis
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General Account No: _
Special Revenue Account No:
CIP Project No:
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AMENDING RESOLUTION NUMBER 05-0700 (MIAMI RECOVERS)
AGENDA SUMMARY ATTACHMENT
BACKGROUND INFORMATION:
• Pursuant to Resolution No. 05-0700, adopted November 17, 2005, the City
Commission authorized the transfer of funds, in the amount of $2,000,000 from
the Affordable Housing Trust Fund to the City of Miami Department of
Community Development to provide relocation and/or housing repair assistance
for City of Miami residents whose housing was impacted by the Hurricanes
• In said resolution, the program guidelines followed the same terms as that of the
Emergency Repair program which limited the maximum amount of assistance
and the type of assistance allowable under the program
• Based on the limited number of initial applicants, the Administration is
recommending amending the resolution by substituting the attachment of said
resolution with the Miami Recovers program guidelines, as described in Exhibit
"A". attached and incorporated
• The resolution will be amended as follows:
➢ The maximum amount of assistance for homeowners will be $35,000 per
unit
➢ Scope of work for homeowner assistance will include damages to their
homes (roof, windows, drywall, etc.)
➢ Assessed value of the unit/ property will not exceed $300,000 per unit
➢ Assistance will also be provided to multi -family buildings/duplex's that rent
low to moderate income tenants
➢ Homeowners that receive insurance payment or FEMA reimbursement for
items covered under Miami Recovers Program will be required to repay
the City of Miami the portion of the payment that pertains to those items.
➢ Amendments will be retroactive to 11/17/05
➢ Income must not exceed 150% of median income