HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #8351
Date: 12/10/2020
Commission Meeting Date: 12/10/2020
Requesting Department: City Commission
Sponsored By: Francis Suarez
District Impacted:
Type: Resolution
Subject: Amending Guidelines - Mortgage Assistance Program
Budget Impact Analysis
Total Fiscal Impact:
City Commission
Legislative Division
Office of the City Attorney
Office of Management and Budget
Office of the City Attorney
Office of the City Attorney
Office of the City Clerk
Nicole Ewan
Valentin J Alvarez
Richard Appleton
Leon P Michel
Barnaby L. Min
Victoria Mendez
City Clerk's Office
Reviewed B
Meeting
Legislative Division Review
ACA Review
Budget Review
Deputy Attorney Review
Approved Form and Correctness
Rendered
Completed
Completed
Completed
Completed
Completed
Completed
Completed
12/10/2020 9:00 AM
12/11/2020 9:36 AM
12/23/2020 2:52 PM
12/29/2020 1:29 PM
12/31/2020 9:59 AM
01/05/2021 11:42 AM
01/05/2021 11:49 AM
City of Miami
Legislation
Resolution
Enactment Number: R-20-0414
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 8351 Final Action Date:12/10/2020
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AMENDING THE MORTGAGE ASSISTANCE PROGRAM GUIDELINES ADOPTED
ON JULY 23, 2020 PURSUANT TO RESOLUTION NO. R-20-0237 AND ON
SEPTEMBER 24, 2020 PURSUANT TO RESOLUTION NO. R-20-0293, AS MORE
PARTICULARLY DESCRIBED IN EXHIBIT "A," ATTACHED AND INCORPORATED,
TO PROVIDE MORTGAGE PAYMENT ASSISTANCE UTILIZING CORONAVIRUS
RELIEF FUNDS FROM THE UNITED STATES TREASURY DEPARTMENT
THROUGH THE FLORIDA HOUSING FINANCE CORPORATION IN CONFORMITY
WITH THE LOCAL HOUSING ASSISTANCE PLAN; 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, FOR SAID PURPOSE,
SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE
USE OF SUCH FUNDS.
WHEREAS, on July 23, 2020, pursuant to Resolution No. R-20-0237, the City
Commission approved the acceptance of $1,312,500.00, which included an amount of
$1,181,250.00 to be used for mortgage assistance for homeowners with loss or reduction in
income by creating and funding the City of Miami's ("City") Mortgage Assistance Program
("Program"); and
WHEREAS, on September 24, 2020, pursuant to Resolution No. R-20-0293, the City
Commission approved increasing the limit per recipient of the Program from $6,000.00 to
$10,000.00; and
WHEREAS, on October 8, 2020, pursuant to Resolution No. R-20-0313, the City
Commission approved an additional allocation of Coronavirus Relief Funds ("CRF") in the total
amount of $787,500.00, which included an amount of $708,750.00 to the Program; and
WHEREAS, to expand the number of eligible applicants for the Program, the Florida
Housing Finance Corporation ("FHFC") has changed its requirements regarding income limits
for the use of CRF and has advised the City that there is no need to place limits on the amount
of mortgage payments that can be paid as part of the Program; and
WHEREAS, as a result of the aforementioned changes, the City is amending the
required area median income ("AMI") for eligible applicants to up to 140% of AMI and is
removing limits on the amount of mortgage payments that can be paid as part of the Program;
and
WHEREAS, the City's Administration recommends amending the Program guidelines
adopted on July 23, 2020 pursuant to Resolution No. R-20-0237 and on September 24, 2020
pursuant to Resolution No. R-20-0293 to provide mortgage payment assistance utilizing CRF
from the United States Treasury Department ("Treasury") through FHFC to help more City
residents currently suffering from the economic hardships caused by the Coronavirus pandemic;
and
WHEREAS, in accordance with Section 2-33(f) of the Code of the City of Miami, Florida,
as amended, the City Commission, by a majority vote, hereby deems this Resolution to be of an
emergency nature;
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 Program guidelines adopted on July 23, 2020
pursuant to Resolution No. R-20-0237 and on September 24, 2020 pursuant to Resolution No.
R-20-0293, as more particularly described in Exhibit "A," attached and incorporated, to provide
mortgage payment assistance utilizing CRF from the Treasury through FHFC in conformity with
the Local Housing Assistance Plan 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, for said purpose, subject to all federal, state, and local laws that
regulate the use of such funds.
Section 4. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
ndez, City Attor
ey
1 The herein authorization is further subject to compliance with all legal requirements that may be
imposed, including but not limited, to those prescribed by applicable City Charter and City Code
provisions.