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File ID: #15021
Resolution
Sponsored by: Commissioner Christine King
A RESOLUTION OF THE MIAMI CITY COMMISSION MODIFYING THE
REQUIREMENTS AND GUIDELINES OF THE EXPANDED FIRST TIME
HOMEBUYER PROGRAM DESCRIBED IN RESOLUTION NO. R-22-0211
("EXPANDED PROGRAM") AND MODIFIED IN RESOLUTION NO. R-22-0346 BY
INCREASING THE AREA MEDIAN INCOME ("AMI") ELIGIBILITY REQUIREMENTS
FOR APPLICANTS FROM ONE HUNDRED PERCENT (100%) AMI, AS PUBLISHED
ANNUALLY BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
("HUD"), TO A MAXIMUM OF ONE HUNDRED TWENTY PERCENT (120%) AMI,
EXCEPT FOR THE EXCEPTIONS STATED HEREIN; PROVIDING FOR AN
EFFECTIVE DATE.
City of Miami
Legislation
Resolution
Enactment Number: R-23-0521
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 15021 Final Action Date:11/16/2023
A RESOLUTION OF THE MIAMI CITY COMMISSION MODIFYING THE
REQUIREMENTS AND GUIDELINES OF THE EXPANDED FIRST TIME
HOMEBUYER PROGRAM DESCRIBED IN RESOLUTION NO. R-22-0211
("EXPANDED PROGRAM") AND MODIFIED IN RESOLUTION NO. R-22-0346 BY
INCREASING THE AREA MEDIAN INCOME ("AMI") ELIGIBILITY REQUIREMENTS
FOR APPLICANTS FROM ONE HUNDRED PERCENT (100%) AMI, AS PUBLISHED
ANNUALLY BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
("HUD"), TO A MAXIMUM OF ONE HUNDRED TWENTY PERCENT (120%) AMI,
EXCEPT FOR THE EXCEPTIONS STATED HEREIN; PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, on June 9, 2022, the City Commission adopted Resolution No. R-22-0211,
which authorized and directed the City Manager to supplement the City's First Time Homebuyer
Program ("Expanded Program"); and
WHEREAS, on September 13, 2022, pursuant to Resolution No. R-22-0346, the City
Commission authorized a modification to the Expanded Program, which allowed applications to
be processed on a first come, first ready, first serve basis, and established a City of Miami
("City") residency requirement, except for current City or Miami -Dade County first responders;
and
WHEREAS, it is the desire of the City Commission to modify the Expanded Program's
requirements and guidelines as described herein; and
WHEREAS, the Expanded Program's area median income ("AMI") applicant eligibility
requirement shall be increased from one hundred percent (100%) AMI, as published annually by
the United States Department of Housing and Urban Development, to a maximum of one
hundred twenty percent (120%) AMI; and
WHEREAS, except as described herein, no other portion of the Expanded Program shall
be impacted by this Resolution;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY
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 Commission authorizes' the modification of the Expanded
Program's requirements and guidelines by increasing the eligibility requirements for applicants
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 City Charter and City Code provisions.
from one hundred percent (100%) AMI to a maximum of one hundred twenty percent (120%)
AMI.
Section 3. This Resolution shall take effect immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
ndez, ity Attor ey 11/6/2023