HomeMy WebLinkAboutR-24-0311City of Miami
Resolution R-24-0311
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16422 Final Action Date: 7/25/2024
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AMENDING THE MIAMI FOR EVERYONE ("MFE") PROGRAM GUIDELINES
TO ALLOW FOR DEFERRED PAYMENT LOANS FOR THE REPLACEMENT
OF PRIVATE FIRST MORTGAGE LOANS AGAINST A PROPERTY THAT HAS
BEEN PRE -APPROVED FOR ASSISTANCE UNDER THE CITY OF MIAMI'S
SINGLE FAMILY REPLACEMENT HOME PROGRAM, ESTABLISHING THE
MIAMI FOR EVERYONE MORTGAGE REPLACEMENT PROGRAM ("MFE
MORTGAGE REPLACEMENT PROGRAM"); FURTHER AMENDING THE
GUIDELINES TO INCLUDE SPECIFIC ELIGIBILTY AND REPAYMENT
REQUIREMENTS OF THE MFE MORTAGE REPLACEMENT PROGRAM;
FURTHER ALLOCATING GRANT FUNDS FROM THE DISTRICT 5
COMMISSIONER'S SHARE OF THE MFE PROGRAM IN A TOTAL AMOUNT
NOT TO EXCEED TWO HUNDRED THOUSAND AND 00/100 DOLLARS
($200,000.00) ("MFE FUNDS") TO THE MFE MORTGAGE REPLACEMENT
PROGRAM TO BE ADMINISTERED BY THE CITY'S DEPARTMENT OF
HOUSING AND COMMUNITY DEVELOPMENT ("DEPARTMENT"); FURTHER
AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY
AND ALL NECESSARY DOCUMENTS, SUBJECT TO APPLICABLE
REQUIREMENTS OF ALL FEDERAL, STATE, AND LOCAL LAWS, INCLUDING
THE CHARTER OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, AND
CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, IN FORMS
ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE.
SPONSOR(S): Commissioner Christine King
WHEREAS, pursuant to Resolution No. 23-0178 adopted on April 13, 2023, the City
Commission established the Miami For Everyone Program ("MFE") to assist communities facing
the long-term complications resulting from declared emergencies and to address the specific
needs of the most vulnerable residents and businesses, through a strategy of focusing the
provision of support towards priority areas of need that will further stabilize economic conditions
within City of Miami ("City") Districts; and
WHEREAS, the Novel Coronavirus ("COVID-19") pandemic, the national housing crisis,
and the related economic impacts has brought to light the need to expand the allowable uses of
MFE funds to include deferred payment loans for the replacement of private first mortgage loans
against property which are eligible and approved for assistance under the City's Single Family
Replacement Home Program, consistent with the needs identified in this Resolution; and
WHEREAS, the City Commission wishes to amend the MFE guidelines to allow for
deferred payment loans for the replacement of private first mortgage loans against a property
that has met the requirements and have been approved for assistance under the City's Single
Family Replacement Home program, and hereby establishes the "Miami For Everyone
Mortgage Replacement Program" ("MFE Mortgage Replacement Program"); and
City of Miami Page 1 of 3 File ID: 16422 (Revision:) Printed On: 8/4/2025
File ID: 16422 Enactment Number: R-24-0311
WHEREAS, the City's Administration has revised the standardized MFE Program
Guidelines and a Funding Request Form to include additional requirements for the MFE
Mortgage Replacement Program, in substantially the forms attached as Composite Exhibit "A";
and
WHEREAS, the MFE Mortgage Replacement Program will be administered by the City's
Department of Housing and Community Development; and
WHEREAS, District 5 Commissioner Christine King ("Commissioner") wishes to provide
grant funds from the Commissioner's share of MFE Program funds in an amount not to exceed
Two Hundred Thousand and 00/100 Dollars ($200,000.00) to initially fund the MFE Mortgage
Replacement Program; and
WHEREAS, the City Manager is requesting authority from the City Commission to
negotiate and execute any and all documents necessary, subject to all applicable requirements
of all Federal, State, and local laws, including the Charter of the City of Miami, Florida, as
amended ("City Charter"), and the Code of the City of Miami, Florida, as amended ("City Code"),
and in forms acceptable to the City Attorney, for the allocation of the funds for the Program; and
WHEREAS, in accordance with Section 2-33(f) of the City Code, the City Commission,
by a majority vote, hereby deems this Resolution to be of an emergency nature;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble of this Resolution are
adopted by reference and incorporated herein as if fully set forth in this Section.
Section 2. The City Commission hereby amends the MFE Program guidelines to allow
for deferred payment loans for the replacement of private first mortgage loans against a
property that has met the requirements and have been approved for assistance under and the
City's Low -Income Single Family Replacement Home program, hereby establishing the MFE
Mortgage Replacement Program.
Section 3. The Standardized Miami For Everyone Program Guidelines and Funding
Request Form(s) are amended with the forms attached and incorporated as Composite Exhibit
"A," are adopted.
Section 4. The City Manager is authorized' to allocate the funds from the
Commissioner's share of MFE Program funds to the Trust for the Program in an amount not to
exceed Two Hundred Thousand and 00/100 Dollars ($200,000.00) for the Program.
Section 5. The City Manager is authorized1 to execute any and all necessary
documents, all in a form acceptable to the City Attorney, for said purpose.
Section 6. 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.
City of Miami Page 2 of 3 File ID: 16422 (Revision:) Printed on: 8/4/2025
File ID: 16422 Enactment Number: R-24-0311
APPROVED AS TO FORM AND CORRECTNESS:
City of Miami Page 3 of 3 File ID: 16422 (Revision:) Printed on: 8/4/2025