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HomeMy WebLinkAboutR-24-0255City of Miami Resolution R-24-0255 Legislation City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 16087 Final Action Date: 7/11/2024 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ALLOCATING HOME INVESTMENT PARTNERSHIP PROGRAM ("HOME") FUNDS, IN THE AMOUNT OF $2,988,177.00 FOR HOUSING PROGRAMS, FOR FISCAL YEAR 2024-2025, AS MORE PARTICULARLY SPECIFIED IN EXHIBIT "A," ATTACHED AND INCORPORATED, FOR THE PROVISION OF DECENT AND SAFE AFFORDABLE HOUSING TO LOW-INCOME HOUSEHOLDS; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, INCLUDING AMENDMENTS, EXTENSIONS, AND MODIFICATIONS, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS, FOR SAID PURPOSE. WHEREAS, on May 8, 2024, the United States Department of Housing and Urban Development ("HUD") announced the final Community Planning and Development Program Formula Allocations for Fiscal Year ("FY") 2024-2025, thereby announcing the amount of $2,988,177.00 of Home Investment Partnership Program ("HOME") funds for disbursement to the City of Miami ("City"); and WHEREAS, pursuant to Resolution No. R-24-0250, adopted July 11, 2024, the Miami City Commission accepted grant funds from HUD in the total amount of $22,821,553.00 for FY 2024-2025, which included an amount of $2,988,177.00 for the HOME program; and WHEREAS, the City's Administration recommends the allocation of HOME funds in the amount of $2,988,177.00 for FY 2024-2025, as more particularly specified in Exhibit "A," attached and incorporated, for the provision of 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 $2,988,177.00 for FY 2024- 2025 specified in Exhibit "A," attached, and incorporated, beginning October 1, 2024, for the provision of affordable housing to low-income households is authorized.' City of Miami Page 1 of 2 File ID: 16087 (Revision: A) Printed On: 8/4/2025 File ID: 16087 Enactment Number: R-24-0255 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. APPROVED AS TO FORM AND CORRECTNESS: ge Wy y ng III, C y ttor -y 7/22/2024 1 The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney, including but not limited to those prescribed by applicable City Charter and Code provisions. City of Miami Page 2 of 2 File ID: 16087 (Revision: A) Printed on: 8/4/2025