HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #16087
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: Allocate - HOME Funds Program FY 2024-2025
Purpose of Item:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ALLOCATING HOME INVESTMENT PARTNERSHIP PROGRAM ("HOME") FUNDS,
IN THE AMOUNT OF $2,988,177.00 FOR HOUSING PROGRAMS, FOR FISCAL
YEAR 2024-2025, AS MORE PARTICULARLY SPECIFIED IN EXHIBIT "A",
ATTACHED AND INCORPORATED, FOR THE DEVELOPMENT OF AFFORDABLE
HOUSING; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND
EXECUTE ANY AND ALL NECESSARY DOCUMENTS, INCLUDING AMENDMENTS,
EXTENSIONS, AND MODIFICATIONS, ALL IN FORMS ACCEPTABLE TO THE CITY
ATTORNEY, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT
REGULATE THE USE OF SUCH FUNDS, FOR SAID PURPOSE.
Background of Item:
On April 8, 2024, on May 8, 2024, the United States Department of Housing and Urban
Development ("HUD") announced the final Community Planning and Development
Program Formula Allocations for Fiscal Year 2024-2025 ("YEAR"), thereby announcing
the amount of $2,988,177.00 of Home Investment Partnership Program ("HOME")
funds.
The City's Administration recommends the allocation of HOME funds in the amount of
$2,988,177.00 for Year 2024-2025, as more particularly specified in Exhibit "A,"
attached and incorporated, for the provision of affordable housing to low income
households.
Budget Impact Analysis
Item is NOT Related to Revenue
Item has NOT an Expenditure
Item is NOT funded by Bonds
Total Fiscal Impact:
Total Fiscal Impact: $2,988,177.00
Reviewed B
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
City Commission
Legislative Division
Office of the City Attorney
Office of the City Attorney
Office of the City Clerk
Larry M. Spring
Luis Hernandez -Torres
Marie Gouin
Arthur Noriega V
Valentin J Alvarez
Raymond Pereira
Maricarmen Lopez
Valentin J Alvarez
Raymond Pereira
George K. Wysong III
City Clerk's Office
Department Head Review Completed
Budget Analyst Review Completed
Budget Review Completed
City Manager Review Completed
Legislative Division Review Completed
ACA Review Completed
Meeting Completed
Legislative Division Review Completed
ACA Review Completed
Approved Form and Correctness with Modification(s)
Rendered Completed
05/22/2024 1:49 PM
05/23/2024 6:06 PM
05/28/2024 5:06 PM
05/28/2024 5:36 PM
06/18/2024 12:17 PM
06/27/2024 5:16 PM
07/11/2024 9:00 AM
07/17/2024 9:08 AM
07/17/2024 9:44 AM
Completed
07/30/2024 4:16 PM
City of Miami
Legislation
Resolution
Enactment Number: R-24-0255
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16087 Final Action Date:7/11/2024
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ALLOCATING HOME INVESTMENT PARTNERSHIP PROGRAM ("HOME") FUNDS,
IN THE AMOUNT OF $2,988,177.00 FOR HOUSING PROGRAMS, FOR FISCAL
YEAR 2024-2025, AS MORE PARTICULARLY SPECIFIED IN EXHIBIT "A,"
ATTACHED AND INCORPORATED, FOR THE PROVISION OF DECENT AND SAFE
AFFORDABLE HOUSING TO LOW-INCOME HOUSEHOLDS; FURTHER
AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL
NECESSARY DOCUMENTS, INCLUDING AMENDMENTS, EXTENSIONS, AND
MODIFICATIONS, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY,
SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE
USE OF SUCH FUNDS, FOR SAID PURPOSE.
WHEREAS, on May 8, 2024, the United States Department of Housing and Urban
Development ("HUD") announced the final Community Planning and Development Program
Formula Allocations for Fiscal Year ("FY") 2024-2025, thereby announcing the amount of
$2,988,177.00 of Home Investment Partnership Program ("HOME") funds for disbursement to
the City of Miami ("City"); and
WHEREAS, pursuant to Resolution No. R-24-0250, adopted July 11, 2024, the Miami
City Commission accepted grant funds from HUD in the total amount of $22,821,553.00 for FY
2024-2025, which included an amount of $2,988,177.00 for the HOME program; and
WHEREAS, the City's Administration recommends the allocation of HOME funds in the
amount of $2,988,177.00 for FY 2024-2025, as more particularly specified in Exhibit "A,"
attached and incorporated, for the provision of affordable housing to low income households;
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 allocation of HOME funds in the amount of $2,988,177.00 for FY 2024-
2025 specified in Exhibit "A," attached, and incorporated, beginning October 1, 2024, for the
provision of affordable housing to low-income households is authorized.'
Section 3. The City Manager is authorized to negotiate and execute any and all
necessary documents, including amendments, extensions, and modifications, all in forms
acceptable to the City Attorney, for said purpose.
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.
Section 4. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
Pursuant to the resolution, this item became effective immediately upon adoption by the Commission.