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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #5219 Date: 12/07/2018 Commission Meeting Date: 01/10/2019 Requesting Department: Department of Housing and Community Development Sponsored By: District Impacted: All Type: Resolution Subject: Amend - Housing Program Policies Purpose of Item: AUTHORIZING AMENDING THE CITY OF MIAMI DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT'S HOUSING PROGRAM POLICIES, TO INCLUDE A RIGHT OF FIRST REFUSAL PROVISION AND A GENERAL UPDATE OF THE POLICIES TO REFLECT THE CHANGING HOUSING MARKET AS DESCRIBED IN EXHIBIT "A", ATTACHED AND INCORPORATED; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL THE NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE. Background of Item: Due to substantial changes in the real estate market in the City of Miami, housing prices has outpaced the incomes of majority of residents in the City. According to calculations performed by the FIU Metropolitan Center based on the 2016 American Community Survey, the gap in the number of units affordable to extremely low-income families is 13,195 units and the gaps for very low-income families and low income families are 7,694 and 10,909, respectively. According to data from the Shimberg Center for Housing Studies of the University of Florida, there are 24 properties in the City of Miami with more than 1,800 units with the affordability period expiring in the next five year. The Housing Policies is being amended to include the Right of First Refusal provision to preserve the units, provide additional incentive for small developers and to bring the policies in line with current practices in the affordable housing industry. The City Administration recommends to amend the City of Miami, Department of Housing and Community Development's Housing Program Policies as described in Exhibit "A" , attached and incorporated. Budget Impact Analysis Item has NOT an Expenditure Item is NOT Related to Revenue Item is NOT funded by Bonds Total Fiscal Impact: N/A Department of Community Review Completed Office of Management and Office of Management and City Manager's Office City Manager's Office Legislative Division Office of the City Attorney Office of the City Attorney Office of the City Attorney City Commission Office of the Mayor Office of the City Clerk Office of the City Clerk Reviewed B and Economic Development 12/10/2018 10:58 AM Budget Luis Hernandez -Torres Budget Christopher M Rose Sandra Bridgeman Nikolas Pascual Valentin J Alvarez Richard Appleton Barnaby L. Min Victoria Mendez Maricarmen Lopez Mayor's Office City Clerk's Office City Clerk's Office George Mensah Department Head Budget Analyst Review Completed Budget Review Completed Assistant City Manager Review Completed City Manager Review Completed Legislative Division Review Completed ACA Review Completed Deputy City Attorney Review Completed Approved Form and Correctness Completed Meeting Completed Signed by the Mayor Completed Signed and Attested by the City Clerk Completed Rendered Completed 12/10/2018 3:16 PM 12/24/2018 9:02 AM 12/24/2018 9:07 AM 12/24/2018 9:51 AM 12/24/2018 11:50 AM 12/26/2018 3:43 PM 12/27/2018 8:19 AM 12/27/2018 4:11 PM 01/10/2019 9:00 AM 01/18/2019 2:48 PM 01/18/2019 3:54 PM 01/18/2019 3:54 PM City of Miami Legislation Resolution Enactment Number: R-19-0021 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 5219 Final Action Date:1/10/2019 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AMENDING THE CITY OF MIAMI'S DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT'S HOUSING PROGRAM POLICIES TO INCLUDE A RIGHT OF FIRST REFUSAL PROVISION AND A GENERAL UPDATE OF THE POLICIES TO REFLECT THE CHANGING HOUSING MARKET, AS FURTHER DESCRIBED IN EXHIBIT "A," ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE. WHEREAS, due to substantial changes in the real estate market in the City of Miami ("City"), housing prices have outpaced the incomes of a majority of City residents; and WHEREAS, according to calculations performed by the Florida International University Metropolitan Center, based on the 2016 American Community Survey, the gap in the number of housing units ("Units") that are affordable to extremely low-income families is 13,195 Units and the gaps for very low-income families and low income families are 7,694 Units and 10,909 Units, respectively; and WHEREAS, according to data from the Shimberg Center for Housing Studies of the University of Florida, there are twenty-four (24) properties in the City containing more than 1,800 Units with the affordability period expiring in the next five (5) years; and WHEREAS, the City's Department of Housing and Community Development's Housing Program Policies ("Policies") are being amended to include a Right of First Refusal provision to preserve the affordability of Units, to provide additional incentives for small developers, and to bring the policies in line with current practices in the affordable housing industry; and WHEREAS, the City Administration recommends amending the Policies as further described in Exhibit "A," attached and incorporated; NOW, THEREFORE, BE IT 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 amendment of the Policies to include a Right of First Refusal provision and a general update of the policies to reflect the changing housing market, as further described in Exhibit "A," attached and incorporated, is authorized.' Section 3. The City Manager is authorized to negotiate and execute any and all necessary documents, in a form acceptable to the City Attorney, for said purpose. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: ndez, City Httor ey 12/2772018 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. 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.