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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #14105 Date: 06/01/2023 Commission Meeting Date: 07/13/2023 Requesting Department: Department of Housing and Community Development Sponsored By: District Impacted: All Type: Resolution Subject: Allocate HOME Funds FY:2023-2024 Purpose of Item: AUTHORIZING THE ALLOCATION OF HOME INVESTMENT PARTNERSHIP PROGRAM ("HOME") FUNDS, IN THE AMOUNT OF $3,760,171.00 FOR HOUSING PROGRAMS, FOR FISCAL YEAR 2023-2024, IN THE CATEGORIES AS SPECIFIED IN EXHIBIT "A", ATTACHED AND INCORPORATED, FOR THE PROVISION OF DECENT AND SAFE AFFORDABLE HOUSING TO LOW-INCOME HOUSEHOLDS; AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE. Background of Item: On February 27, 2023, the United States Department of Housing and Urban Development ("HUD") announced the final Community Planning and Development Program Formula Allocations for Fiscal Year 2023-2024, thereby announcing the amount of $3,760,171.00 of Home Investment Partnership Program ("HOME") funds. The City's Administration recommends the allocation of HOME funds in the amount of $3,760,171.00 for Fiscal Year 2023-2024, as more particularly specified in Exhibit "A," attached and incorporated, for the provision of decent and safe affordable housing to low income households. Budget Impact Analysis Item is an Expenditure Item is NOT Related to Revenue Item is NOT funded by Bonds Total Fiscal Impact: $3,760,171.00 Special Revenue Account No: (HOME) Reviewed B Department of Community and Economic Development Review Completed 06/01/2023 3:33 PM George Mensah Department Head 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 City Commission Legislative Division Office of the City Attorney Office of the City Attorney Office of the City Clerk Luis Hernandez -Torres Marie Gouin Larry M. Spring Arthur Noriega V Valentin J Alvarez Raymond Pereira Victoria Mendez Maricarmen Lopez Valentin J Alvarez Raymond Pereira Victoria Mendez City Clerk's Office Budget Analyst Review Budget Review Assistant City Manager Review City Manager Review Legislative Division Review ACA Review Approved Form and Correctness Meeting Legislative Division Review ACA Review Approved Form and Correctness Rendered Completed 06/02/2023 4:54 PM Completed 06/02/2023 5:10 PM Completed 06/07/2023 11:13 AM Completed 06/08/2023 10:22 AM Completed 06/12/2023 8:12 AM Completed 06/27/2023 5:41 PM Completed 06/28/2023 3:21 PM Completed 07/13/2023 9:00 AM Completed 07/21/2023 1:07 PM Completed 07/21/2023 1:56 PM Completed 07/21/2023 2:17 PM Completed 08/03/2023 10:38 AM City of Miami Legislation Resolution Enactment Number: R-23-0294 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 14105 Final Action Date:7/13/2023 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE ALLOCATION OF HOME INVESTMENT PARTNERSHIP PROGRAM ("HOME") FUNDS, IN THE AMOUNT OF $3,760,171.00 FOR HOUSING PROGRAMS, FOR FISCAL YEAR 2023-2024, IN THE CATEGORIES AS SPECIFIED IN EXHIBIT "A," ATTACHED AND INCORPORATED, FOR THE PROVISION OF DECENT AND SAFE AFFORDABLE HOUSING TO LOW-INCOME HOUSEHOLDS; AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE. WHEREAS, on February 27, 2023, the United States Department of Housing and Urban Development ("HUD") announced the final Community Planning and Development Program Formula Allocations for Fiscal Year ("FY") 2023-2024, thereby allocating the amount of $3,760,171.00 of Home Investment Partnership Program ("HOME") funds to the City of Miami ("City"); and WHEREAS, pursuant to Resolution No. R-23-0291, adopted on July 13, 2023, the City Commission accepted grant funds from HUD in the total amount of $23,662,699.00 for FY 2023- 2024 that included $3,760,171.00 for the HOME program; and WHEREAS, the City's Administration recommends the allocation of HOME funds in the amount of $3,760,171.00 for FY 2023-2024, as more particularly specified in Exhibit "A," attached and incorporated, for the provision of decent and safe affordable housing to low income households; 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 allocation of HOME funds in the amount of $3,760,171.00 for FY 2023- 2024, as specified in Exhibit "A," attached and incorporated, beginning October 1, 2023, for the provision of decent and safe affordable housing to low-income households 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. Section 4. This Resolution shall become effective immediately upon its adoption. 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. APPROVED AS TO FORM AND CORRECTNESS: ndez, City Attor ey ) 6128/2023 fr t6riai ndez, City Attor ey ) 7/21/2023