HomeMy WebLinkAboutSummary FormFILE ID:
AGENDA ITEM SUMMARY FORM d 8-60sSLf SPU5
Date: 05/05/08 Requesting Department: Community Development
Commission Meeting Date: 06/05/08 District Impacted:
Type: ® Resolution C Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: ALLOCATION OF HOME FUNDING: 2008-2009
Purpose of Item:
A RESOLUTION OF THE MIAMI CITY COMMISSION, AUTHORIZING THE ALLOCATION OF
HOME INVESTMENT PARTNERSHIPS PROGRAM ("HOME") FUNDS, IN THE AMOUNT OF
$4,475,258, FOR HOUSING PROGRAMS, FOR YEAR 2008-2009, IN THE CATEGORIES AS
SPECIFIED IN ATTACHMENT "A", ATTACHED AND INCORPORATED, FOR THE DEVELOPMENT
OF AFFORDABLE HOUSING; AUTHORIZING THE CITY MANAGER TO EXECUTE THE
NECESSARY DOCUMENTS FOR SAID PURPOSE(S).
Background Information:
The United States Department of Housing and Urban Development ("U.S. HUD") has advised the
City of Miami Department of Community Development that the projected Home Investment
Partnerships Program ("HOME") funding for Fiscal Year 2008-2009, in the amount of $4,475,258, is
available for distribution.
The Administration recommends the allocation of HOME funds, in the amount of $4,475,258, for
housing programs, for year 2008-2009; in the categories as specified in Attachment "A", attached
and incorporated, for the development of affordable housing.
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)
Dept. Direr , 1t'�_
Chief City Manager v \ l
�o nP 1 ,,4 1