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AGENDA ITEM SUMMARY FORM
FILE ID: 13 -
Date: 03/05/2013
Commission Meeting Date: 04/11/2013 District Impacted: 1,2,3,4,5
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: APPROVING THE CITY OF MIAMI 2013-2016 LOCAL HOUSING ASSISTANCE
PLAN
Purpose of Item:
Law Department
Matter ID No.
Requesting Department: Community & Economic Development
APPROVING THE CITY OF MIAMI ("CITY") LOCAL HOUSING ASSISTANCE PLAN ("LHAP"),
ATTACHED AND INCORPORATED, FOR THE PERIOD OF JULY 1, 2013, THROUGH JUNE 30,
2016, FOR THE CONTINUED PARTICIPATION OF THE CITY IN THE FLORIDA STATE HOUSING
INITIATIVES PARTNERSHIP ("SHIP") PROGRAM; AUTHORIZING THE CITY MANAGER TO
SUBMIT A PLAN FOR REVIEW AND APPROVAL BY THE FLORIDA HOUSING FINANCE
CORPORATION; AND AUTHORIZING THE CITY MANAGER TO EXECUTE ALL NECESSARY
DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, TO IMPLEMENT THE
TERMS AND CONDITIONS OF THE SHIP PROGRAM AND THE LHAP.
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
Risk Management
If using or receiving capital funds
Grants
Purchasing
fief
Dept. Director
City Manager
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AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
In July 1992, the State of Florida enacted the William E. Sadowski Affordable Housing Act
("Sadowski Act"), which provides for the allocation of a portion of new and existing documentary
stamp taxes on deeds on real estate transactions to local governments for the development and
maintenance of affordable housing.
The Sadowski Act provided a dedicated revenue source for affordable housing and created the
State Housing Initiative Partnership ("SHIP") Program.
Pursuant to Section 420.9072(2)a of Florida Statute, a county or eligible municipality must submit to
the corporation its local housing assistance plan describing the local housing assistance strategies
to be eligible to receive funds under the program.
The City's current LHAP will expire on June 30, 2013 and a new one is required for the continued
participation in the SHIP program.
The Administration is recommending approving the City of Miami LHAP, attached and incorporated,
for the period of July 1, 2013 through June 30, 2016.