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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM FILE ID: a-D/3// Law Department Matter ID No. Date: 10/30/2012 Requesting Department: Community Development Commission Meeting Date: 12/13/2012 / District Impacted: 1,2,3,4,5 Type: ® Resolution ❑ Ordinance D Emergency Ordinance ['Discussion Item ❑ Other Subject: SECTION 8 FUNDING: 2013-2014 Purpose of Item: AUTHORIZING THE ACCEPTANCE OF SECTION 8 HOUSING PROGRAM FUNDS, IN THE PROJECTED AMOUNT OF $3,600,000 FOR RENTAL ASSISTANCE, AND IN THE PROJECTED AMOUNT OF $466,000 FOR PROGRAM ADMINISTRATION, FOR A TOTAL PROJECTED AMOUNT OF $4,066,000, FROM FISCAL YEAR 2013-2014 ANNUAL CONTRIBUTIONS FROM THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT; AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS FOR SAID PURPOSE. Background Information: The City of Miami has 416 units under Section 8 contracts. The United States Department of Housing and Urban Development has advised the City of Miami that the projected allocation for the Section 8 Housing Program for Fiscal Year 2013-2014 is available in the amount of $3,600,000 for rental assistance payments and $466,000 for program administration, for a total projected amount of $4,066,000. 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 A s s rov CIP Budget��,, If using or receiving capital funds Grants' ' Risk Management Pur ',_./ Dept. Director, C City Manager Page 1 of 1