HomeMy WebLinkAboutSummary FormDate: 10/09/2008
PH.7
AGENDA ITEM SUMMARY FORM
FILE ID: o —Oi 22 2
Requesting Department: Community Development
Commission Meeting Date: 11/13/2008 District Impacted: 1,2,3,4,5
Type: ® Resolution ❑ Ordnance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: APPROVING THE FORECLOSURE PREVENTION PROGRAM GUIDELINES
Purpose of Item:
APPROVING THE CITY OF MIAMI FORECLOSURE PREVENTION PROGRAM
GUIDELINES, AS DESCRIBED IN EXHIBIT "A", ATTACHED AND INCORPORATED.
Background Information:
During the past year, the number of foreclosures throughout the State of Florida and
the City of Miami, in particular, has increased dramatically,
Data from RealtyTrac, Inc. shows that a total of 2,527 homeowners in the City of
Miami were going through the foreclosure process as of July 30, 2008.
In order to assist in the prevention of additional foreclosures within the City of Miami,
the Administration recommends approving the City of Miami Foreclosure Prevention
Program Guidelines, as described in Exhibit "A'.
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 Impc
Dept. Dir=cto
Chief
Final Approvals
(SIGN AND DATE)
City Manager,
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