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Master Report
Enactment Number:
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 9016 File Type: Resolution
Revision: B
File Name: Allocate Reimbursement Funds - Tranche 2 Miami
Forever Affordable Housing
Status: WITHDRAWN
Controlling Body: City Commission
Introduced: 5/4/2021
Requesting Dept: Commissioners and Mayor Final Action Date: 9/13/2021
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENTS,
ALLOCATING FUNDING, ON A REIMBURSEMENT BASIS, IN AN AMOUNT NOT TO
EXCEED FIFTEEN MILLION DOLLARS ($15,000,000.00) FROM THE PROPOSED
TRANCHE 2 MIAMI FOREVER AFFORDABLE HOUSING LIMITED AD VALOREM
BONDS ("BONDS") FOR FUNDING THROUGH THE AFFORDABLE HOUSING MIAMI
FOREVER BONDS PROJECTS STRATEGIES' CITY ACQUISITION OF LAND
STRATEGY ("ACQUISITION STRATEGY"), ATTACHED AND INCORPORATED AS
EXHIBIT "A"; FURTHER ALLOCATING FUNDING, ON A REIMBURSEMENT BASIS, IN
AN AMOUNT NOT TO EXCEED TEN MILLION DOLLARS ($10,000,000.00) FROM THE
BONDS FOR FINANCIAL ASSISTANCE THROUGH THE AFFORDABLE HOUSING
MIAMI FOREVER BONDS PROJECTS STRATEGIES' AFFORDABLE NEW
CONSTRUCTION RENTAL STRATEGY ("RENTAL STRATEGY"), ATTACHED AND
INCORPORATED AS EXHIBIT "B," FOR PROJECTS THAT HAVE APPLIED FOR AND
HAVE RECEIVED LOW INCOME HOUSING TAX CREDITS; ALL ALLOCATIONS MUST
BE IN COMPLIANCE WITH ALL APPLICABLE FEDERAL, STATE OF FLORIDA
("STATE"), LOCAL, AND CITY OF MIAMI ("CITY") LAWS, RULES, AND REGULATIONS
FOR AFFORDABLE HOUSING PROJECTS, INCLUDING BUT NOT LIMITED TO THE
CITY'S AFFORDABLE HOUSING MIAMI FOREVER BONDS PROJECTS
STRATEGIES, THE MIAMI FOREVER LIMITED AD VALOREM BONDS FINAL
VALIDATION ORDER OF DECEMBER 16, 2019, THE TRANCHE 2 AFFORDABLE
HOUSING INTENT TO REIMBURSE RESOLUTION, AND THE BONDS
(COLLECTIVELY, "LAWS"), AND THESE ALLOCATIONS ARE IN ADDITION TO THE
AMOUNTS PREVIOUSLY ALLOCATED FOR THE PREVIOUSLY ALLOCATED
PROJECTS; FURTHER DIRECTING THE CITY MANAGER AND THE CITY OF MIAMI'S
ADMINISTRATION TO DEVELOP AND REVISE, AS NECESSARY OR APPROPRIATE,
ANY AND ALL NECESSARY DOCUMENTS, RULES, REQUIREMENTS, GUIDELINES,
AND REGULATIONS, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY AND
BOND COUNSEL, IN ORDER TO IMPLEMENT THE FUNDING UNDER THE
ACQUISITION STRATEGY AND RENTAL STRATEGY (COLLECTIVELY,
"STRATEGIES"), SUBJECT TO ALL LAWS THAT REGULATE THE USE OF SUCH
FUNDS; THE FORGOING IS SUBJECT TO THE CITY MANAGER IDENTIFYING AND
PRESENTING TO THE CITY COMMISSION THE SPECIFIC PROJECTS FOR THE
STRATEGIES THAT WILL BE RECEIVING BOND FUNDS PURSUANT HERETO;
PROVIDING FOR AN EFFECTIVE DATE.
Sponsor(s): Mayor Francis X. Suarez
Notes:
Links:
Attachments: 9016 Exhibit A (PDF)
9016 Exhibit B (PDF)
City of Miami Page 1 of 2 Printed on: 6/2/2025
City of Miami
Master Report
Enactment Number:
9016 Exhibit C (PDF)
History of Legislative File:
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Revision: Acting Body: Date: Action: Result:
Legislative Division 5/4/2021 Legislative Division Review Completed
Richard Appleton 5/4/2021 ACA Review Completed
Leon P Michel 5/4/2021 Budget Review Completed
Victoria Mendez 5/4/2021 Approved Form and Completed
Correctness
City Commission 5/13/2021 Meeting Completed
City Commission 5/13/2021 DEFERRED Passed
A Legislative Division 5/18/2021 Legislative Division Review Completed
A Richard Appleton 5/18/2021 ACA Review Completed
A Leon P Michel 5/18/2021 Budget Review Completed
A Barnaby L. Min 5/18/2021 Deputy Attorney Review Completed
A Victoria Mendez 5/18/2021 Approved Form and Completed
Correctness
A City Commission 5/27/2021 Meeting Completed
A City Commission 5/27/2021 DEFERRED Passed
B Legislative Division 6/1/2021 Legislative Division Review Completed
B Richard Appleton 6/1/2021 ACA Review Completed
B Leon P Michel 6/1/2021 Budget Review Completed
B Barnaby L. Min 6/1/2021 Deputy Attorney Review Completed
B Barnaby L. Min 6/1/2021 Approved Form and Completed
Correctness
B City Commission 6/10/2021 Meeting Completed
B City Commission 6/10/2021 DEFERRED Passed
B City Commission 6/24/2021 Meeting Completed
B City Commission 6/24/2021 DEFERRED Passed
B City Commission 7/8/2021 Meeting Completed
B City Commission 7/8/2021 DEFERRED Passed
B City Commission 7/22/2021 Meeting Completed
B City Commission 7/22/2021 DEFERRED Passed
B City Commission 9/13/2021 Meeting Completed
B City Commission 9/13/2021 WITHDRAWN Passed
City of Miami Page 2 of 2 Printed on: 6/2/2025