HomeMy WebLinkAboutAgenda Item Summay FormAGENDA ITEM SUMMARY FORM
File ID: #17439
Date: 04/02/2025
Commission Meeting Date: 05/08/2025
Requesting Department: Department of
Housing and Community Development
Sponsored By:
District Impacted: All
Type: Resolution
Subject: Approve - Substantial Amendment - Annual Action Plan FY' 2024-2025
Purpose of Item:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING A SUBSTANTIAL AMENDMENT TO THE CITY OF MIAMI'S ("CITY")
ANNUAL ACTION PLAN FOR FISCAL YEAR ("FY") 2024-2025 TO REFLECT
CHANGES IN THE RESALE AND RECAPTURE PROVISIONS IN THE HOME
INVESTMENT PARTNERSHIPS ("HOME") PROGRAM, WHEN FUNDS ARE USED
FOR HOMEBUYER ACTIVITIES, AS MORE PARTICULARLY DESCRIBED IN
EXHIBIT "A," ATTACHED AND INCORPORATED; FURTHER AUTHORIZING THE
CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS,
INCLUDING AMENDMENTS, EXTENSIONS, AND MODIFICATIONS, ALL IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY, AS MAY BE NECESSARY TO SUBMIT
THE SUBSTANTIAL AMENDMENT TO THE UNITED STATES DEPARTMENT OF
HOUSING AND URBAN DEVELOPMENT ("HUD") FOR APPROVAL.
Background of Item:
On July 11, 2024, pursuant to Resolution No. 24-0255 the Miami City Commission
approved the allocation of Home Investment Partnership ("HOME") funds in the amount
of $2,988,177.00 for housing programs, for FY 2024-2025.
Pursuant to Resolution No. 24-0295, adopted on July 25, 2024, the Miami City
Commission approved the City of Miami's ("City") Annual Action Plan ("AAP"), for FY
2024-2025.
The Department of Housing and Community Development ("HCD") must make a
Substantial Amendment to its Annual Action Plan for FY 2024-2025 to reflect changes
in the resale or recapture provisions in the "HOME" program, when funds are used for
homebuyer activities.
Resale or recapture provisions are crucial for protecting the city investment in affordable
housing, ensuring that these properties remain accessible to eligible low- and moderate -
income families by either limiting resale prices or requiring the repayment of subsidies
upon sale; and
The City's Administration recommends the approval of the Substantial Amendment to
the City of Miami's Annual Action Plan for FY 2024-2025, to reflect changes in the
resale or recapture provisions in the Home Investment Partnerships ("HOME") program,
when funds are used for homebuyer activities, as more particularly described in Exhibit
Budget Impact Analysis
Item is NOT Related to Revenue
Item has NOT an Expenditure
Item is NOT funded by Bonds
Total Fiscal Impact:
Total Fiscal Impact: $0
Reviewed B
Department of Housing and Community Development
Review Completed 04/02/2025 5:53 PM
Office of Management and Budget
Office of Management and Budget
City Manager's Office
City Manager's Office
City Manager's Office
Legislative Division
Office of the City Attorney
Office of the City Attorney
City Commission
Office of the Mayor
Office of the City Clerk
Office of the City Clerk
Luis Hernandez -Torres
Marie Gouin
Larry M. Spring
Natasha Colebrook -Williams
Arthur Noriega V
Valentin J Alvarez
Raymond Pereira
George K. wysong III
Maricarmen Lopez
Mayor's Office
City Clerk's Office
City Clerk's Office
Victor Turner
Budget Analyst Review
Budget Review
Assistant City Manager Review
Deputy City Manager Review
City Manager Review
Legislative Division Review
ACA Review
Approved Form and Correctness
Meeting
Department Head
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Signed by the Mayor Completed
Signed and Attested by the City Clerk Completed
Rendered Completed
04/03/2025 3:25 PM
04/04/2025 9:42 AM
04/15/2025 9:37 AM
04/15/2025 10:30 AM
04/15/2025 6:17 PM
04/17/2025 10:11 AM
04/28/2025 6:43 PM
04/29/2025 10:23 AM
05/08/2025 9:00 AM
05/16/2025 3:14 PM
05/16/2025 3:17 PM
05/16/2025 3:17 PM
City of Miami
Legislation
Resolution
Enactment Number: R-25-0170
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 17439 Final Action Date:5/8/2025
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING A SUBSTANTIAL AMENDMENT TO THE CITY OF MIAMI'S ("CITY")
ANNUAL ACTION PLAN FOR FISCAL YEAR ("FY") 2024-2025, TO REFLECT
CHANGES IN THE RESALE AND RECAPTURE PROVISIONS IN THE HOME
INVESTMENT PARTNERSHIPS ("HOME") PROGRAM, WHEN FUNDS ARE USED
FOR HOME BUYER ACTIVITIES, AS MORE PARTICULARLY DESCRIBED IN
EXHIBIT "A," ATTACHED AND INCORPORATED; FURTHER AUTHORIZING THE
CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS,
INCLUDING AMENDMENTS, EXTENSIONS, AND MODIFICATIONS, ALL IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY, AS MAY BE NECESSARY TO SUBMIT
THE SUBSTANTIAL AMENDMENT TO THE UNITED STATES DEPARTMENT OF
HOUSING AND URBAN DEVELOPMENT ("HUD") FOR APPROVAL.
WHEREAS, on July 11, 2024, pursuant to Resolution No. R-24-0255 the Miami City
Commission approved the allocation of Home Investment Partnership ("HOME") funds in the
amount of $2,988,177.00 for housing programs, for Fiscal Year ("FY") 2024-2025; and
WHEREAS, pursuant to Resolution No. R-24-0295, adopted on July 25, 2024, the
Miami City Commission approved the City of Miami's ("City") Annual Action Plan ("AAP"),
for FY 2024-2025; and
WHEREAS, the Department of Housing and Community Development ("HCD") must
make a Substantial Amendment to its Annual Action Plan for FY 2024-2025 to reflect changes
in the resale and recapture provisions in the HOME program, when funds are used for
homebuyer activities; and
WHEREAS, resale and recapture provisions are crucial for protecting the city investment
in affordable housing, ensuring that these properties remain accessible to eligible low- and
moderate -income families by either limiting resale prices or requiring the repayment of subsidies
upon sale; and
WHEREAS, the City's Administration recommends the approval of the Substantial
Amendment to the City of Miami's ("City") Annual Action Plan for FY 2024-2025, to reflect
changes in the resale and recapture provisions in the HOME program, when funds are used for
homebuyer activities, as more particularly described in Exhibit "A," attached and incorporated;
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 Substantial Amendment to the Annual Action Plan for FY 2024-
2025 to reflect changes in the resale and recapture provisions in the HOME program, as more
particularly described in Exhibit "A," attached and incorporated, is approved.
Section 3. The City Manager is authorized' to execute the necessary documents, in a
form acceptable to the City Attorney, as may be necessary to submit the Substantial
Amendment to the United Sates Department of Housing and Urban Development, for approval.
Section 4. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
1 The herein authorization is further subject to compliance with all legal requirements that may be
imposed by the City Attorney, including but not limited to those prescribed by the City Attorney, including
but not limited to those prescribed by applicable City Charter and Code provisions.
2 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.