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HomeMy WebLinkAboutSummary FormDate: 11/08/2011 AGENDA ITEM SUMMARY FORM FILE ID: //— 0/ 69s"- Law Department Matter ID No. Requesting Department: Community Development Commission Meeting Date: 12/08/2011 District Impacted: 1,2,3,4,5 Type: ® Resolution ❑ Ordinance U Emergency Ordinance ❑ Discussion Item ❑ Other Subject: APPROVAL OF THE AFFORDABLE HOUSING INCENTIVES STRATEGIES Purpose of Item: APPROVING THE CITY OF MIAMI DEPARTMENT OF COMMUNITY DEVELOPMENT'S AFFORDABLE HOUSING INCENTIVE STRATEGIES AS RECOMMENDED BY THE HOUSING AND COMMERCIAL LOAN COMMITTEE AS REQUIRED BY F.S. 420.9076; AUTHORIZING THE CITY MANAGER TO EXECUTE ALL NECESSARY DOCUMENT(S) TO IMPLEMENT SAID AFFORDABLE HOUSING INCENTIVES STRATEGIES . Background Information: Please see attached Budget Impact Analysis NO Is this item related to revenue? NO Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: Final Approvals (SIGN AND DATE) CIP Budget If using or receiving capita! funds Grants Risk Management Purchasin „ Dept. Director Chief ,// �, City Manager Page 1 of 1 AGENDA ITEM SUMMARY FORM CONTINUED Background Information: Pursuant to Resolution No. 00-867, adopted September 28, 2000, the City Commission approved the establishment of a Housing and Commercial Loan Committee ("HCLC") with authority to approve certain housing and commercial loans and/or grants to be provided by the City through various state and federal funding sources. The authority and composition of the Housing and Commercial Loan Committee was amended by the City Commission by Resolution 02-14 adopted January 10, 2002, Resolution No. 03-993, adopted September 11, 2002, and Resolution 04-0156, adopted March 11, 2004; and Ordinance No. 13030 adopted on October 16, 2008. The HCLC serves as the City of Miami's Affordable Housing Advisory Committee ("AHAC") as required by F.S. Chapter 420.9072. The HCLC's role as an advisory committee is to review the established policies and procedures, ordinances, land development regulations and the adopted local government comprehensive plan and to recommend specific actions by F.S. 420.9076. Effective February 21, 2008 the AHAC, in compliance with Rule 67-371.010, must approve the affordable housing incentive strategy recommendations every three years. On November 7, 2008, the HCLC recommended continuing the following affordable housing incentive strategies which are currently offered by the City: Expedited permitting; Reduction Parking and Setback requirements; Impact -Fee Deferral and Review of Legislation, Policies and Plans that impact Affordable Housing. Pursuant to Resolution No. 08-01390, adopted December 11, 2008, the Miami City Commission approved the following affordable housing incentive strategies: Allowance of Flexibility in Densities and Intensities; i.e. FAR; Ad to the reduction of parking and setback requirements, height reductions as well; and Allow the Planning and Zoning Directors to administratively approve all affordable housing incentives. As a result of the establishment of Miami 21, the following strategies are consistent with the provisions in Miami 21: Expedited permitting; Reduction of Parking and Setback Requirements; Impact Fee Deferral/Waiver; Allowance of Flexibility in Densities and Intensities; i.e. FAR; and Review of Legislation, Policies and Plans that impact Affordable Housing. On October 28, 2011 the HCLC recommended the adoption the current affordable housing incentives. The Administration recommends the approval of the affordable housing incentives strategies as recommended by the HCLC.