HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #6504
Date: 09/18/2019
Commission Meeting Date: 11/21/2019
Requesting Department: Department of
Housing and Community Development
Sponsored By:
District Impacted: All
Type: Resolution
Subject: Amend - Affordable Rental Housing Policy
Purpose of Item:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S)
AMENDING THE CITY OF MIAMI'S DEPARTMENT OF HOUSING AND COMMUNITY
DEVELOPMENT'S AFFORDABLE RENTAL HOUSING PRESERVATION PROGRAM
POLICY, TO ALLOW PROGRAMS FUND TO BE USED FOR PROPERTY
ACQUISITION 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:
The supply of affordable housing has failed to keep up with the demand, and as a
result, greater competition for limited supply has driven up housing prices and made
many of the City's neighborhoods less affordable.
According to calculations performed by the FIU Jorge M. Perez, Metropolitan Center,
the City of Miami loses about 1,200 affordable housing units due to increase cost.
In line with the study conducted by the FIU, the City should first stem the loss of
affordable housing units before the creation of new units.
The Affordable Rental Preservation Program Policy is designed to be able to help stem
the loss of affordable housing units.
The Affordable Rental Housing Preservation Program Policy is being amended to allow
property acquisition to preserve the affordable housing units.
The City Administration recommends to amend the City of Miami's Department of
Housing and Community Development's Affordable Rental Housing Preservation
Program Policy as described in Exhibit "A", attached and incorporated.
Budget Impact Analysis
Item is NOT Related to Revenue
Item is NOT funded by Bonds
Item is an Expenditure
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
09/18/2019 12:59 PM
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
Unsigned by the Mayor Completed
Signed and Attested by the City Clerk Completed
Rendered Completed
09/23/2019 10:57 AM
09/26/2019 4:59 PM
09/27/2019 11:14 AM
09/27/2019 12:33 PM
10/07/2019 1:28 PM
10/10/2019 7:10 PM
10/10/2019 7:20 PM
10/24/2019 6:56 PM
11/21/2019 9:00 AM
12/03/2019 5:08 PM
12/03/2019 6:03 PM
12/03/2019 6:04 PM
City of Miami
Legislation
Resolution
Enactment Number: R-19-0458
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 6504 Final Action Date:11/21/2019
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AMENDING THE CITY OF MIAMI'S DEPARTMENT OF HOUSING AND COMMUNITY
DEVELOPMENT'S AFFORDABLE RENTAL HOUSING PRESERVATION PROGRAM
POLICY TO ALLOW PROGRAM FUNDS TO BE USED FOR PROPERTY
ACQUISITION, AS MORE PARTICULARLY DESCRIBED IN EXHIBIT "A," ATTACHED
AND INCORPORATED; FURTHER AUTHORIZING THE CITY MANAGER TO
NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, ALL IN A
FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE.
WHEREAS, the supply of affordable housing has failed to keep pace with demand which
has driven housing prices up and has made many City of Miami ("City") neighborhoods less
affordable; and
WHEREAS, according to a study performed by the Florida International University Jorge
M. Perez Metropolitan Center ("FIU Study"), the City loses approximately 1,200 affordable
housing units each year due to increasing cost; and
WHEREAS, in accordance with recommendations set forth in the FIU Study, the City
should first stem the loss of affordable housing units before creating new units; and
WHEREAS, the City's Department of Housing and Community Development's
Affordable Rental Preservation Program Policy ("Policy") is designed to help stem the loss of
affordable housing units in the City; and
WHEREAS, the City's Administration recommends that the Policy be amended, as more
particularly described in Exhibit "A," attached and incorporated, in order to allow for property
acquisition to preserve affordable housing units;
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 Policy to allow program funds to be used for property
acquisition, as more particularly 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, all in a form acceptable to the City Attorney, for said purpose.
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.
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 Attor ey 10/24/2019
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.