HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #7854
Date: 09/09/2020
Commission Meeting Date: 09/24/2020
Requesting Department: Department of
Housing and Community Development
Sponsored By:
District Impacted: All
Type: Resolution
Subject: Authorize Increase - Mortgage Assistance Program Funds
Purpose of Item:
AUTHORIZING AN INCREASE IN THE LIMIT OF THE MORTGAGE ASSISTANCE
PROGRAM ("MAP") FROM $6,000.00 TO $10,000.00 TO BETTER REFLECT THE
AVERAGE DELINQUENT MORTGAGE ; FURTHER AUTHORIZING THE CITY
MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY
DOCUMENTS, INCLUDING AMENDMENTS, EXTENSIONS, AND MODIFICATIONS,
ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, SUBJECT TO ALL
FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH
FUNDS, AS MAY BE NECESSARY FOR SAID PURPOSE.
Background of Item:
On July 23, 2020, pursuant to Resolution No. 20-0237, the Miami City Commission
approved the allocation of Coronavirus Relief Fund ("CRF") from the United States
Treasury Department in the amount of $1,312,500.00, which included an amount of
$1,181,250.00 for Mortgage Assistance program.
The MAP guidelines restricted the maximum mortgage delinquent mortgage that can be
paid to $6,000.00.
Of the applications received and processed, the average delinquent mortgage was
around $10,000.00.
The City Administration recommends increasing the limit on the Mortgage Assistance
program funds from $6,000.00 to $10,000.00 to better reflect the average mortgage
delinquencies of low and moderate -income homeowners with loss or reduction in
income because of the Coronavirus pandemic (Covid-19).
Budget Impact Analysis
Item is NOT Related to Revenue
Item is an Expenditure
Item is NOT funded by Bonds
Total Fiscal Impact:
N/A
Department of Community and Economic Development
Review Completed
Office of Management and Budget
Office of Management and Budget
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
09/09/2020 9:34 AM
Rene Lazaro Hernandez
Christopher M Rose
Sandra Bridgeman
Arthur Noriega V
Valentin J Alvarez
Richard Appleton
Barnaby L. Min
Victoria Mendez
Nicole Ewan
Mayor's Office
City Clerk's Office
City Clerk's Office
George Mensah Department Head
Budget Analyst Review
Budget Review
Assistant City Manager Review
City Manager Review
Legislative Division Review
ACA Review
Deputy City Attorney Review
Approved Form and Correctness
Meeting
Signed by the Mayor
Signed and Attested by the City
Rendered
Clerk Completed
Completed 09/15/2020 3:37 PM
Completed 09/15/2020 4:53 PM
Completed 09/15/2020 5:16 PM
Completed 09/15/2020 6:51 PM
Completed 09/15/2020 7:05 PM
Completed 09/15/2020 8:08 PM
Completed 09/15/2020 8:11 PM
Completed 09/15/2020 8:23 PM
Completed 09/24/2020 9:00 AM
Completed 09/28/2020 6:36 PM
09/28/2020 6:46 PM
Completed 09/28/2020 6:46 PM
City of Miami
Legislation
Resolution
Enactment Number: R-20-0293
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 7854 Final Action Date:9/24/2020
A RESOLUTION OF THE MIAMI CITY COMMISSION INCREASING THE LIMIT OF
THE MORTGAGE ASSISTANCE PROGRAM FROM $6,000.00 TO $10,000.00 TO
BETTER REFLECT THE AVERAGE DELINQUENT MORTGAGE PAYMENT AMOUNT
OF LOW- AND MODERATE -INCOME HOMEOWNERS WITH LOSS OR REDUCTION
IN INCOME BECAUSE OF THE NOVEL CORONAVIRUS PANDEMIC; FURTHER
AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL
NECESSARY DOCUMENTS, INCLUDING AMENDMENTS, EXTENSIONS, AND
MODIFICATIONS, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY,
SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE
USE OF SUCH FUNDS, FOR SAID PURPOSE.
WHEREAS, on July 23, 2020, pursuant to Resolution No. R-20-0237, the Miami City
Commission approved the allocation of Coronavirus Relief Funds from the United States
Treasury Department in the amount of $1,312,500.00, which included an amount of
$1,181,250.00 for the Mortgage Assistance Program ("MAP"); and
WHEREAS, the MAP guidelines restricted the maximum delinquent mortgage payment
that can be paid to $6,000.00 per applicant; and
WHEREAS, of the applications received and processed, the average delinquent
mortgage payment was approximately $10,000.00; and
WHEREAS, the City of Miami's Administration recommends increasing the limit on MAP
funds from $6,000.00 to $10,000.00 to better reflect the average mortgage delinquencies of low -
and moderate -income homeowners who have suffered a loss or reduction in income because of
the Novel Coronavirus ("COVID-19") pandemic;
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. Increasing the limit on MAP funds from $6,000.00 to $10,000.00 to better
reflect the average mortgage delinquencies of low- and moderate -income homeowners with loss
or reduction in income because of the COVID-19 pandemic is authorized.'
Section 3. The City Manager is authorized' to negotiate and execute any and all
necessary documents, including amendments, extensions, and modifications, all in forms
acceptable to the City Attorney, subject to all federal, state, and local laws that regulate the use
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 Code
provisions.
of such funds 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, ity Attor ey ) 9/15/2020
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.