HomeMy WebLinkAboutR-25-0170City of Miami
Resolution R-25-0170
Legislation
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:
City of Miami Page 1 of 2 File ID: 17439 (Revision:) Printed On: 8/22/2025
File ID: 17439 Enactment Number: R-25-0170
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:
rge Wyy•ng III, C y ttor -y 4/29/2025
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.
City of Miami Page 2 of 2 File ID: 17439 (Revision:) Printed on: 8/22/2025