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HomeMy WebLinkAboutResolutionCity of Miami Resolution Legislation City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 1995 TO BE WITHDRAWN SPONSOR(S): Tomas Regalado Final Action Date: 3/8/2018 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ESTABLISHING A CITY OF MIAMI DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT HOUSING POLICY FOR SMALLER RENTAL DEVELOPMENTS ("GUIDELINES"), ATTACHED AND INCORPORATED AS EXHIBIT "A", AND AUTHORIZING THE CITY MANAGER TO IMPLEMENT SAID GUIDELINES WHEREAS, the Mayor of the City of Miami ("City") wishes to assist affordable housing developments and entice developers to build more non -tax credit affordable housing units within the City; and WHEREAS, the City's Department of Community and Economic Development has general requirements and terms for all developments; and WHEREAS, the Mayor is proposing the establishment of a housing policy that facilitates the creation of smaller developments ("Guidelines"), attached and incorporated as Exhibit "A"; and WHEREAS, the proposed Guidelines are consistent with United States Department of Housing and Urban Development regulations and provide for maximum subsidy, affordability period, and maximum rent allowed; and WHEREAS, the City Commission finds that it is in the best interest of the City and its residents to incentivize small affordable housing rental developments and to establish the Guidelines, attached and incorporated as Exhibit "A," for the administration of said program; NOW, THEREFORE, BE RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The City Commission hereby establishes the City's Department of Community and Economic Development Housing Policy for Small Rental Projects. Section 3. The City Manager is authorized' to implement the Guidelines, attached and incorporated as Exhibit "A," for affordable housing non -tax credit rental developments. 1 The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney including but not limited to, those prescribed by applicable City Charter and City Code provisions. City of Miami Page 1 of 2 File ID: 1995 (Revision: B) Printed On: 2/4/2025 File ID: 1995 Enactment Number: Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: 2 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. City of Miami Page 2 of 2 File ID: 1995 (Revision: B) Printed on: 2/4/2025