HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: 14-00901
Law Department
Matter ID No.
Date: 08/26/2014 Requesting Department: Community & Economic Development
Commission Meeting Date:10/09/2014 District Impacted: 1,2,3,4,5
Type: ® Resolution f Ordinance
n Other
Emergency Ordinance
Discussion Item
Subject: APPROVE THE AMENDMENT OF THE CITY OF MIAMI ("CITY") LOCAL
HOUSING ASSISTANCE PLAN ("LHAP") FOR THE PERIOD OF JULY 1, 2010 THROUGH
JUNE 30, 2013.
Purpose of Item:
AUTHORIZING THE AMENDED CITY OF MIAMI ("CITY") LOCAL HOUSING ASSISTANCE PLAN
("LHAP"), ATTACHED AND INCORPORATED, FOR THE PERIOD OF JULY 1, 2010, THROUGH
JUNE 30, 2013, FOR THE CONTINUED PARTICIPATION OF THE CITY IN THE FLORIDA STATE
HOUSING INITIATIVES PARTNERSHIP ("SHIP") PROGRAM; 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,
If using or receiving capital funds
Grants Risk Management
Purchasing Dept. Director
Chief 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 Statutes, a county or eligible municipality must submit to
the corporation its Local Housing Assistance Plan ("LHAP") describing the local housing assistance
strategies to be eligible to receive funds under the program.
On November 21, 2013, pursuant to Resolution No. R-13-0448 the Miami City Commission approved
a change to the Single Family Rehabilitation Program subsidy amount from $35,000.00 to
$50,000.00; and subsequently approved an amendment to the 2013-2016 LHAP.
The 2010-2013 LHAP also needs to be amended to reflect the change in the subsidy amount so that
funds from those years can still be used for the new subsidy amount.
The administration recommends the amendment of the City of Miami ("City") Local Housing
Assistance Plan ("LHAP") for the period of July1, 2010, through June 30, 2013, as indicated in
Exhibit "A", attached and incorporated.