HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #18271
Date: 10/08/2025
Commission Meeting Date: 11/20/2025
Requesting Department: Department of
Housing and Community Development
Sponsored By:
District Impacted:
Type: Resolution
Subject: Allocate - HOME Program Income Recaptured Funds - April -August 2025
Purpose of Item:
AUTHORIZING THE ALLOCATION OF PROGRAM INCOME FROM HOME INVESTMENT
PARTNERSHIPS ("HOME") FUNDS GENERATED FROM APRIL 1, 2025 TO AUGUST 31,
2025, IN THE AMOUNT OF $391,748.40 AND AN ADDITIONAL AMOUNT OF $947,890.24 OF
RECAPTURED FUNDS FOR A TOTAL AMOUNT OF $1,339,638.64, AS SPECIFIED IN
EXHIBIT "A," ATTACHED AND INCORPORATED; FURTHER AUTHORIZING THE CITY
MANAGER TO NEGOTIATE AND EXECUTE ALL THE NECESSARY DOCUMENTS,
INCLUDING AMENDMENTS, EXTENSIONS, AND MODIFICATIONS, ALL IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY, SUBJECT TO ALL FEDERAL, STATE AND LOCAL
LAWS THAT REGULATE THE USE OF SUCH FUNDS, FOR SAID PURPOSES.
Background of Item:
The Department of Housing and Community Development ("Department") receives various
types of repayments from loans provided to developers and homeowners in the past, such
funds referred to as program income, are required to be used for eligible program activities.
From April 1, 2025, to August 31, 2025, the Department collected an amount of $391,748.40 in
Home Investment Partnerships Program ("HOME") program income and an amount of
$947,890.24 in recaptured funds for a total of $1,339,638.64 ("Funds").
Pursuant to HOME regulations 24 CFR Part 92.503, program income and recaptured funds
must be used for eligible HOME activities.
The Department recommends allocating the Funds to the eligible HOME activities specified in
Exhibit "A," attached and incorporated.
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: $1,339,638.64
Reviewed B
Department of Housing and Community Development
Review Completed 10/08/2025 12:20 PM
Office of Management and Budget Luis Hernandez -Torres
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 City Clerk
Marie Gouin
Erica T. Paschal
Natasha Colebrook -Williams
Arthur Noriega V
Valentin J Alvarez
Raymond Pereira
George K. Wysong III
Maricarmen Lopez
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
Rendered
Department Head
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
10/08/2025 1:38 PM
10/09/2025 3:08 PM
10/09/2025 3:58 PM
10/14/2025 11:44 AM
10/14/2025 3:48 PM
10/15/2025 1:45 PM
10/30/2025 11:52 AM
11/06/2025 4:32 PM
11/20/2025 9:00 AM
11/24/2025 9:28 PM
City of Miami
Legislation
Resolution
Enactment Number: R-25-0467
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 18271 Final Action Date:11/20/2025
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ALLOCATING PROGRAM INCOME FROM HOME INVESTMENT PARTNERSHIPS
("HOME") FUNDS GENERATED FROM APRIL 1, 2025, TO AUGUST 31, 2025, IN THE
AMOUNT OF $391,748.40 AND AN ADDITIONAL AMOUNT OF $947,890.24 OF
RECAPTURED FUNDS FOR A TOTAL AMOUNT OF $1,339,638.64, AS SPECIFIED
IN EXHIBIT "A," ATTACHED AND INCORPORATED; FURTHER AUTHORIZING THE
CITY MANAGER TO NEGOTIATE AND EXECUTE ALL THE NECESSARY
DOCUMENTS, INCLUDING AMENDMENTS, EXTENSIONS, AND MODIFICATIONS,
ALL IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, SUBJECT TO ALL
FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH
FUNDS, FOR SAID PURPOSES.
WHEREAS, the Department of Housing and Community Development ("Department")
receives diverse types of repayments from loans provided to developers and homeowners
which are required to be used for eligible program activities; and
WHEREAS, from April 1, 2025, to August 31, 2025, the Department collected an amount
of $391,748.40 in Home Investment Partnerships Program ("HOME") program income and an
amount of $947,890.24 in recaptured funds for a total of $1,339,638.64 ("Funds"); and
WHEREAS, pursuant to HOME regulations 24 CFR Part 92.503, program income and
recapture amount must be used for eligible HOME activities; and
WHEREAS, the Department recommends allocating the Funds to the eligible HOME
activities specified 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 allocation of the Funds to the eligible HOME activities specified in Exhibit
"A," attached and incorporated, is authorized.'
Section 3. The City Manager is authorized' to negotiate and execute any and all
necessary documents, all in a form acceptable to the City Attorney, subject to all federal, state
and local laws that regulate the use of such funds, for said purpose.
Section 4. 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.
APPROVED AS TO FORM AND CORRECTNESS: