HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID:
Date: 08/06/08
ozs-rn PH.3
Requesting Department: Community Development
Commission Meeting Date: 09/11/08 District Impacted:
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Amending the City's Housing Program Policies for Homeownership
Purpose of Item:
AMENDING THE CITY OF MIAMI DEPARTMENT OF COMMUNITY DEVELOPMENT'S HOUSING
PROGRAM POLICIES FOR HOMEOWNERSHIP ACTIVITIES, AS DESCRIBED IN EXHIBIT "A",
ATTACHED AND INCORPORATED.
Background Information:
Pursuant to Resolution No. 05-0099, adopted February 10, 2005, the Miami City Commission
approved the 31st year policies related to Public Service, Economic Development, Housing Activities
and the Housing Opportunities for Persons with AIDS Program funds.
Pursuant to Resolution No. 06-0327, adopted May 25, 2006, and Resolution No. 06-0527, adopted
September 12, 2006, the Miami City Commission approved amending said policies for
homeownership activities, as attached and incorporated.
Due to current real estate market conditions and the lack of assistance from other public entities, the
current maximum limits are not enough to provide homeownership opportunities to low-income.
families.
The Administration has proposed revising the Department of Community Development's Housing
Program Policies for homeownership activities, as described in Exhibit "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:
CIP 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)