HomeMy WebLinkAboutSummary FormDate: 01-07-2015
AGENDA ITEM SUMMARY FORM
FILE ID: 15-00070
Law Department
Matter ID No.
Requesting Department: Community Development
Commission Meeting Date; 02-26-2015 District Impacted: 1,2,3,4,5
Type: 1/ Resolution ❑ Ordinance fj Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: SECTION 8 FUNDING: 2015-2016
Purpose of Item:
AUTHORIZING THE ACCEPTANCE OF SECTION 8 HOUSING PROGRAM FUNDS, IN THE
PROJECTED AMOUNT OF $3,800,000 FOR RENTAL ASSISTANCE, AND IN THE PROJECTED
AMOUNT OF $400,000 FOR PROGRAM ADMINISTRATION, FOR A TOTAL PROJECTED
AMOUNT OF $4,200,000, FROM FISCAL YEAR 2015-2016 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:
Fhe 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 2015-2016 is
available in the amount of $3,800,000 for rental assistance payments and $400,000 for program
administration, for a total projected amount of $4,200,000.
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: $4,200,000
CIP
Final Approvals
(SIGN AND DATE)
1
rrl.=
Tf using or receiving capital funds
Grants
Purchasing
Chief
Budget
Risk Management
Dept. Director
City Manage
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