HomeMy WebLinkAboutLegislationCity of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 11-00847 Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AMENDMENTS TO THE CITY OF MIAMI DEPARTMENT OF
COMMUNITY DEVELOPMENTS HOUSING PROGRAM POLICIES FOR
HOMEOWNERSHIP ACTIVITIES, AS DESCRIBED IN EXHIBIT "A", ATTACHED
AND INCORPORATED.
WHEREAS, 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; and
WHEREAS, pursuant to Resolution Nos. 06-0327, 06-0527 and 08-0495, adopted May 25, 2006,
September 12, 2006 and September 11, 2008, respectively, the Miami City Commission approved
amendments to said policies for homeownership activities; and
WHEREAS, due to substantial changes in the price of homes in the area, the City of Miami
Department of Community Development ("CD") is making changes to the Homeownership
Policy/Buyers Program to adjust the Maximum Purchase Price to conform with Section 203(b) of the
National Housing Act (12 U.S.C. 1709(b)) for the area as required under 24 Code of Federal
Regulations 92.254; and
WHEREAS, CD is also recommending the removal of the Resale requirement, which was
instituted during the appreciating housing market, to a Recapture, requirement which is normally used
in a depreciating housing market; and
WHEREAS, the City Administration has proposed revising CD's Housing Program Policies for
homeownership activities, as described in Exhibit "A", attached and incorporated;
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. CD's amended Housing Program Policies for homeownership activities, as described in
Exhibit "A", attached and incorporated, are approved.
Section 3. This Resolution shall become effective immediately upon its adoption and signature of.
the Mayor.{2}
City of Miami
Page 1 of 2 File Id: 11-00897 (Version: 1) Printed On: 9/27/2011
File Number: 11-00847
APPROVED AS TO FORM AND CORRECTNESe
CITY ATTORNEY
Footnotes:
{1} The herein authorization is further subject to compliance with all requirements that may be
imposed by the City Attorney, including but are 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 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.
City of Miami Page 2 of 2 File Id: 11-00847 (Version: 1) Printed On: 9/27/2011