HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #15966
Date: 04/23/2024
Commission Meeting Date: 06/18/2024
Requesting Department: Department of
Housing and Community Development
Sponsored By:
District Impacted: All
Type: Resolution
Subject: Approve Amendment - LHAP FY 2022-2025
Purpose of Item:
APPROVING AN AMENDMENT TO THE CITY OF MIAMI ("CITY") LOCAL HOUSING
ASSISTANCE PLAN ("LHAP"), ATTACHED AND INCORPORATED, FOR THE FISCAL
YEAR ("FY") 2022-2025, TO INCLUDE THE CHANGES MADE TO THE HOME BUYER
FINANCING PROGRAM AND HOMEOWNERSHIP DEVELOPMENT PROGRAM,
RESPECTIVELY, AS REFLECT IN THE "LHAP" AND INCORPORATE LANGUAGE AS
TO THE COMMUNITY LAND TRUST ("CLT"), UNDER BOTH STRATEGIES;
FURTHER AUTHORIZING THE CITY MANAGER TO SUBMIT THE CHANGES IN THE
PLAN FOR REVIEW AND APPROVAL BY THE FLORIDA HOUSING FINANCE
CORPORATION; AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND
EXECUTE ANY AND ALL NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO
THE CITY ATTORNEY, FOR SAID PURPOSE.
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.
Pursuant to Resolution No. 22-0203, on June 9, 2022, the Miami City Commission
approved the City's LHAP for the period of July 1, 2022, through June 30, 2025.
To incorporate these changes in the LHAPs an amendment needs to be approved by
the Miami City Commission and later sent to Florida Housing Finance Corporation for
review and final approval.
The City's Administration recommends the amendment of the City's Local Housing
Assistance Plan ("LHAP"), attached, and incorporated, for Fiscal Year 2022-2025, to
include the changes made to the Home Buyer Financing Program and Homeownership
Development Program, respectively, as reflect in the "LHAP", and incorporate language
as to the Community Land Trust ("CLT"), under both strategies.
Budget Impact Analysis
Item is NOT Related to Revenue
Item has NOT an Expenditure
Item is NOT funded by Bonds
Total Fiscal Impact:
N/A
City Manager's Office
Office of Management and Budget
Office of Management and Budget
City Manager's Office
Legislative Division
Office of the City Attorney
Office of the City Attorney
Office of the City Attorney
City Commission
City Commission
Office of the City Clerk
Reviewed B
Larry M. Spring
Luis Hernandez -Torres
Marie Gouin
Arthur Noriega V
Valentin J Alvarez
Raymond Pereira
Valentin J Alvarez
George K. wysong III
Nicole Ewan
Nicole Ewan
City Clerk's Office
Assistant City Manager Review
Budget Analyst Review
Budget Review
City Manager Review
Legislative Division Review
ACA Review
Approved Form and Correctness
Approved Form and Correctness
Meeting
Meeting
Rendered
Completed 04/30/2024 5:57 PM
Completed 05/01/2024 8:18 AM
Completed 05/01/2024 9:12 AM
Completed 05/01/2024 1:09 PM
Completed 05/20/2024 11:24 AM
Completed 05/31/2024 2:34 PM
Skipped 06/03/2024 2:23 PM
Completed 06/04/2024 2:39 PM
Completed 06/13/2024 9:00 AM
Completed 06/18/2024 9:00 AM
Completed 06/21/2024 4:06 PM
City of Miami
Legislation
Resolution
Enactment Number: R-24-0220
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 15966 Final Action Date:6/18/2024
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AN AMENDMENT TO THE CITY OF MIAMI ("CITY") LOCAL HOUSING
ASSISTANCE PLAN ("LHAP"), ATTACHED AND INCORPORATED, FOR THE FISCAL
YEAR ("FY") 2022-2025, TO MODIFY THE HOME BUYER FINANCING PROGRAM
AND HOMEOWNERSHIP DEVELOPMENT PROGRAM, RESPECTIVELY, TO ALLOW
FOR HOME PURCHASES FROM A COMMUNITY LAND TRUST ("CLT") AND TO
ALLOW FOR CLT DEVELOPMENTS THAT MEET THE REQUIREMENTS UNDER
SECTION 193.018, FLORIDA STATUTES, FURTHER AUTHORIZING THE CITY
MANAGER TO SUBMIT THE CHANGES IN THE PLAN FOR REVIEW AND
APPROVAL BY THE FLORIDA HOUSING FINANCE CORPORATION ("FHFC");
AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL
NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY,
FOR SAID PURPOSE.
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 of the 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, pursuant to Resolution No. 22-0203, on June 9, 2022, the Miami City
Commission approved the City of Miami's ("City") LHAP for the period of July 1, 2022, through
June 30, 2025; and
WHEREAS, amendments to the LHAP must be approved by the Miami City Commission
and later sent to the FHFC for review and final approval; and
WHEREAS, the City's Administration recommends the amendment of the City's Local
Housing Assistance Plan ("Amended LHAP"), attached and incorporated, for Fiscal Year 2022-
2025, to modify the Home Buyer Financing program and Homeownership Development
program, as reflected in the LHAP, to allow for home purchases from a Community Land Trust
("CLT") and to allow for CLT developments that meet the requirements under section 193.018,
Florida Statutes;
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 Amended LHAP, attached and incorporated, for FY 2022-2025,
that includes changes made to the Home Buyer Financing program and Homeownership
Development program, as reflected in the LHAP, to allow for home purchases from a
Community Land Trust ("CLT") and to allow for CLT developments that meet the requirements
under section 193.018, is approved.
Section 3. The City Manager is authorized'' to submit the plan to the Florida Housing
Finance Corporation for review and approval and to negotiate and execute all necessary
documents to implement the terms and conditions of the SHIP Program and the LHAP.
Section 4. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
ge Wys ng III, C y ttor -y 6/4/2024
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.