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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #11889 Date: 04/25/2022 Commission Meeting Date: 06/09/2022 Type: Resolution Subject: Approve - City of Miami's LHAP Purpose of Item: Requesting Department: Department of Housing and Community Development Sponsored By: District Impacted: All AUTHORIZING THE APPROVAL OF THE CITY OF MIAMI ("CITY") LOCAL HOUSING ASSISTANCE PLAN ("LHAP"), ATTACHED AND INCORPORATED, FOR THE PERIOD OF JULY 1, 2022 THROUGH JUNE 30, 2025, FOR THE CONTINUED PARTICIPATION OF THE CITY IN THE FLORIDA STATE HOUSING INITIATIVES PARTNERSHIP ("SHIP") PROGRAM; AUTHORIZING THE CITY MANAGER TO SUBMIT THE LHAP FOR REVIEW AND APPROVAL BY THE FLORIDA HOUSING FINANCE CORPORATION; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, ALL IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, TO IMPLEMENT THE TERMS AND CONDITIONS OF THE LHAP AND THE SHIP PROGRAM. Background of Item: In July 1992, the State of Florida enacted the William E. Sadowski Affordable Housing Act ("Sadowski Act"), which provides for the allocation of a portion of new and existing documentary stamp taxes on deeds on real estate transactions to local governments for the development and maintenance of affordable housing. The Sadowski Act provided a dedicated revenue source for affordable housing and created the State Housing Initiative Partnership ("SHIP") Program. Pursuant to Section 420.9072(2)a of Florida Statute, a county or eligible municipality must submit to the corporation its local housing assistance plan describing the local housing assistance strategies to be eligible to receive funds under the program. The City's current LHAP will expire on June 30, 2022 and a new one is required for the continued participation in the SHIP program. The City's Administration recommends approving the City's LHAP, attached and incorporated, as Exhibit "A", for the period of July 1, 2022 through June 30, 2025. Budget Impact Analysis Item is an Expenditure Item is NOT Related to Revenue Item is NOT funded by Bonds Total Fiscal Impact: <Insert Account information Here> 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 City Clerk Reviewed B and Economic Development 04/25/2022 1:01 PM Budget Luis Hernandez -Torres Budget Marie Gouin Fernando Casamayor Arthur Noriega V Valentin J Alvarez Richard Appleton Valentin J Alvarez Victoria Mendez Maricarmen Lopez City Clerk's Office George Mensah 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 Rendered Department Head Completed 04/26/2022 6:55 AM Completed 04/26/2022 2:02 PM Completed 05/17/2022 10:04 AM Completed 05/17/2022 12:52 PM Completed 05/18/2022 11:04 AM Completed 05/25/2022 2:53 PM Skipped 05/18/2022 8:49 AM Completed 05/25/2022 7:20 PM Completed 06/09/2022 9:00 AM Completed 06/15/2022 7:51 PM City of Miami Legislation Resolution Enactment Number: R-22-0203 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 11889 Final Action Date:6/9/2022 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING THE CITY OF MIAMI ("CITY") LOCAL HOUSING ASSISTANCE PLAN ("LHAP"), ATTACHED AND INCORPORATED AS EXHIBIT "A," FOR THE PERIOD OF JULY 1, 2022 THROUGH JUNE 30, 2025, FOR THE CONTINUED PARTICIPATION OF THE CITY IN THE FLORIDA STATE HOUSING INITIATIVES PARTNERSHIP ("SHIP") PROGRAM; AUTHORIZING THE CITY MANAGER TO SUBMIT THE LHAP FOR REVIEW AND APPROVAL BY THE FLORIDA HOUSING FINANCE CORPORATION; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, ALL IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, TO IMPLEMENT THE TERMS AND CONDITIONS OF THE LHAP AND THE SHIP PROGRAM. WHEREAS, in July 1992, the State of Florida enacted the William E. Sadowski Affordable Housing Act ("Sadowski Act"), which provides for the allocation of a portion of new and existing documentary stamp taxes on deeds on real estate transactions to local governments for the development and maintenance of affordable housing; and WHEREAS, the Sadowski Act provided a dedicated revenue source for affordable housing and created the State Housing Initiative Partnership ("SHIP") Program; and WHEREAS, pursuant to Section 420.9072(2)(a), Florida Statute, a county or eligible municipality must submit to the Florida Housing Finance Corporation ("FHFC") its Local Housing Assistance Plan ("LHAP") describing the local housing assistance strategies to be eligible to receive funds under the program; and WHEREAS, the City of Miami's ("City") current LHAP will expire on June 30, 2022 and a new LHAP is required for the continued participation in the SHIP program; and WHEREAS, the City's Administration recommends approving the City's LHAP, attached and incorporated as Exhibit "A," for the period of July 1, 2022 through June 30, 2025; 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 City's LHAP, attached and incorporated as Exhibit "A", for the period of July 1, 2022 through June 30, 2025, for the continued participation of the City in the SHIP Program, is approved. Section 3. The City Manager is authorized to submit the LHAP to the FHFC for review and approval and to negotiate and execute any and all necessary documents, all in a form acceptable to the City Attorney, to implement the terms and conditions of the LHAP and the SHIP program. Section 4. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: ndez, ity ttor ey 5/2572022 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.