HomeMy WebLinkAboutLegislationCity of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 08-00971 Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING THE REVISED CITY OF MIAMI ("CITY") LOCAL HOUSING
ASSISTANCE PLAN ("LHAP"), ATTACHED AND INCORPORATED, TO INCLUDE
THE IMPLEMENTATION OF THE CITY'S FORECLOSURE PREVENTION
PROGRAM AS WELL AS THE AMENDMENT TO THE FIRST-TIME HOMEBUYER
PROGRAM POLICIES, FOR THE PERIOD OF JULY 1, 2007 THROUGH JUNE 30,
2010, FOR THE CONTINUED PARTICIPATION OF THE CITY IN THE FLORIDA
STATE HOUSING INITIATIVES PARTNERSHIP ("SHIP") PROGRAM;
AUTHORIZING THE CITY MANAGER TO SUBMIT THE MODIFIED LHAP FOR
REVIEW AND APPROVAL BY THE FLORIDA HOUSING FINANCE
CORPORATION; FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE
ALL NECESSARY DOCUMENT(S), TO IMPLEMENT THE TERMS AND
CONDITIONS OF THE SHIP PROGRAM AND THE LHAP.
WHEREAS, pursuant to Resolution No. 07-0204, adopted April 12, 2007, the Miami City
Commission approved the City of Miami ("City") Local Housing Assistance Plan ("LHAP") for the
period of July 1, 2007 through June 30, 2010, for the continued participation of the City in the Florida
State Housing Initiatives Partnership ("SHIP") Program; and
WHEREAS, the City is implementing a Foreclosure Prevention Program to assist in the prevention
of additional foreclosures in the City; and
WHEREAS, the City is amending the First -Time Home Buyer Program Policies to modify the
maximum subsidy limits of said program; and
WHEREAS, the Administration recommends revising the City's LHAP to include the
implementation of the City's Foreclosure Prevention Program as well as the amendment to the
First -Time Home Buyer Program Policies;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORI DA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by
reference and incorporated as if fully set forth in this Section.
Section 2. The revised City's 2007-2010 LHAP, attached and incorporated, to include the
implementation of the City's Foreclosure Prevention Program as well as the amendment to the
First -Time Home Buyer Program Policies, is approved.
Section 3. The City Manager is authorized {1} to submit the modified LHAP for review and approval
by the Florida Housing Finance Corporation.
File Number- 08-00971
Section 4. The City Manager is further authorized {1} to execute all necessary documents, to
implement the terms and conditions of the SHIP Program and the LHAP.
APPROVED AS TO FORM AND CORRECTNESS:
JULIE O. BRU
CITY ATTORNEY
Reelfr
Footnotes:
{1} The herein authorization is further subject to compliance with all requirements that may be imposed
by the City Attorney, including, but not limited to, those prescribed by applicable City Charter and Code
provisions.
{2} If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar
days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become
effective immediately upon override of the veto by the City Commission.