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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #16090 Date: 05/17/2024 Commission Meeting Date: 07/11/2024 Requesting Department: Department of Housing and Community Development Sponsored By: District Impacted: All Type: Resolution Subject: Accept - Section 8 Funds FY 2024-25 Purpose of Item: A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE ACCEPTANCE OF SECTION 8 HOUSING PROGRAM FUNDS, IN THE PROJECTED AMOUNT OF $4,640,500.00 FOR RENTAL ASSISTANCE, AND THE PROJECTED AMOUNT OF $459,300.00 FOR PROGRAM ADMINISTRATION FOR A TOTAL PROJECTED AMOUNT OF $5,099,800.00 FOR FISCAL YEAR ("FY") 2024-2025 ANNUAL CONTRIBUTIONS FROM THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD"); AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND ALL NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS, TO IMPLEMENT THE ACCEPTANCE OF THE ACTUAL AMOUNT OF SECTION 8 HOUSING PROGRAM FUNDS WHEN MADE AVAILABLE. Background of Item: The City of Miami ("City") has four hundred forty-three (443) units under Section 8 contracts. The United States Department of Housing and Urban Development ("HUD") has advised the City that the projected allocation for the Section 8 Housing Program for FY 2024-2025 is available in the amount of $4,640,500.00 for rental assistance payments and the projected amount of $459,300.00 for program administration, for a total projected amount of $5,099,800.00. The numbers stated herein are projections, City Administration may need to adjust the numbers once released by HUD. The City's Administration recommends the acceptance of Section 8 Funds for Fiscal Year 2024-2025 in the total estimated amount of $5,099,800.00. Budget Impact Analysis Item has NOT an Expenditure Item is NOT Related to Revenue Item is NOT funded by Bonds Total Fiscal Impact: Total Fiscal Impact: $5,099,800.00 City Manager's Office Office of Management and Budget Office of Management and Budget City Manager's Office Legislative Division Office of the City Attorney Office of the City Attorney City Commission Office of the Mayor Office of the City Clerk Office of the City Clerk Reviewed B Larry M. Spring Luis Hernandez -Torres Marie Gouin Arthur Noriega V Valentin J Alvarez Raymond Pereira George K. Wysong III Maricarmen Lopez Mayor's Office City Clerk's Office City Clerk's Office Department Head Review Budget Analyst Review Budget Review City Manager Review Legislative Division Review ACA Review Approved Form and Correctness Meeting Completed Completed Completed Completed Completed Completed Completed Completed Signed by the Mayor Completed Signed and Attested by the City Clerk Completed Rendered Completed 05/22/2024 1:51 PM 05/23/2024 6:17 PM 05/28/2024 5:08 PM 05/28/2024 5:37 PM 06/24/2024 8:06 AM 06/26/2024 1:54 PM 07/01/2024 5:07 PM 07/11/2024 9:00 AM 07/19/2024 1:44 PM 07/19/2024 1:55 PM 07/19/2024 1:55 PM City of Miami Legislation Resolution Enactment Number: R-24-0251 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 16090 Final Action Date:7/11/2024 A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE ACCEPTANCE OF SECTION 8 HOUSING PROGRAM FUNDS, IN THE PROJECTED AMOUNT OF $4,640,500.00 FOR RENTAL ASSISTANCE, AND THE PROJECTED AMOUNT OF $459,300.00 FOR PROGRAM ADMINISTRATION FOR A TOTAL PROJECTED AMOUNT OF $5,099,800.00 FOR FISCAL YEAR ("FY") 2024-2025 ANNUAL CONTRIBUTIONS FROM THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD"); AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND ALL NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS, FOR SAID PURPOSE. WHEREAS, the City of Miami ("City") has four hundred forty-three (443) units under Section 8 contracts; and WHEREAS, the United States Department of Housing and Urban Development ("HUD") has advised the City that the projected allocation for the Section 8 Housing Program for Fiscal Year ("FY") 2024-2025 is available in the amount of $4,640,500.00 for rental assistance payments and the amount of $459,300.00 for program administration, for a total projected amount of $5,099,800.00; and WHEREAS, the figures stated herein are projections, and the City Administration may need to adjust the figures once released by HUD; and WHEREAS, the City's Administration recommends the acceptance of Section 8 Funds for FY 2024-2025 in the total estimated amount of $5,099,800.00; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: 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 acceptance of Section 8 Housing Program funds in the projected amount of $4,640,500.00 for rental assistance and the projected amount of $459,3000.00 for program administration, for a total projected amount of $5,099,800.00. for FY:2024-2025, is authorized.' Section 3. These allocations will be adjusted in direct proportion to the actual allocation of Section 8 funds provided by HUD for the FY 2024-2025. 1 The herein authorization is further subject to compliance with all legal requirements that may be imposed, including but not limited to those prescribed by applicable City Charter and City Code provisions. Section 4. The City Manager is authorized' to execute any and all necessary documents for said purpose. Section 5. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: 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.