HomeMy WebLinkAboutCRA-R-25-0056 Exhibit A,tlisi
Omni
C R A
INTER -OFFICE MEMORANDUM
Isiaa Jones
Executive Director
TO: Board Chair Damian Pardo and DATE: September 25, 2025
Members of the CRA Board
FROM: Isiaa Jones SUBJECT: 4/5ths Bid Waiver authorizing
Executive Director Grant to Miami Homes for All
BACKGROUND:
The Omni Redevelopment District Community Redevelopment Agency ("CRA") is responsible for
carrying out community redevelopment activities and projects within its redevelopment area in
accordance with the 2019 CRA Redevelopment Plan ("Plan"). A key focus of the Plan is
preserving and expanding access to affordable housing, particularly for workforce and lower -
income households. Miami Homes For All, Inc. ("Grantee"), a Florida not -for -profit organization,
has submitted a grant proposal to the CRA for its Connecting Capital and Community
Initiative("3C Initiative"). This initiative, known as the Technical Assistance Initiative for Small &
Emerging Developers, is designed to support minority developers and owners of small -to -medium
scale affordable housing by providing critical technical assistance. Grantee aims to increase and
preserve affordable housing options, especially for households earning up to 80% of the Area
Median Income as published annually by the United States Department of Housing and Urban
Development ("AMI"). The assistance provided will include financial analysis, project
management, funding strategies, and best practices in asset management. The Grantee's
proposal advances the CRA's mission by promoting racial equity in housing and helping local
developers overcome barriers that often hinder affordable development.
JUSTIFICATION:
The CRA's 2019 Redevelopment Plan identifies the need to find meaningful solutions to preserve
housing affordability across all income levels, with an emphasis on workforce and lower -income
households. Specifically, the Plan calls for the creation and implementation of programs to assist
target -income households in maintaining or rehabilitating their homes, as well as initiatives to
support housing providers in developing affordable units for these populations. The grantee's
proposal is fully aligned with these directives and represents a strategic investment in addressing
housing affordability and preventing displacement within the CRA's boundaries. The initiative also
requires a match in the amount of Three Hundred Thousand and 00/100 Dollars ($300,000.00)
from the Grantee for the Program, further leveraging CRA funding to achieve community impact.
RECOMMENDATION:
In light of the aforementioned background information and the CRA's objectives to reduce slum
and blight, and considering the Executive Director's commitment to allocate grant funding to
further the Plan and activate the area, approval of a bid waiver is recommended.
FUNDING:
$150,000.00 allocated from Account No. 10040.920501.8830000.0000.00000 "Other Grants and
Aids"