HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #18429
Date: 11/03/2025
Commission Meeting Date: 12/11/2025
Requesting Department: Department of
Housing and Community Development
Sponsored By:
District Impacted: All
Type: Resolution
Subject: Allocate - HOME PI/Recaptured Funds - Sep. 2025
Purpose of Item:
AUTHORIZING THE ALLOCATION OF PROGRAM INCOME FROM HOME
INVESTMENT PARTNERSHIPS ("HOME") FUNDS GENERATED FROM
SEPTEMBER 30, 2025, IN THE AMOUNT OF $503,311.90 AND AN ADDITIONAL
AMOUNT OF $583.33 OF RECAPTURED FUNDS FOR A TOTAL AMOUNT OF
$503,895.23, 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 PUPOSES.
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.
On September 30, the Department collected an amount of $503,311.90 in Home
Investment Partnerships Program ("HOME") program income and an amount of $583.33
in recaptured funds for a total of $503,895.23 ("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: $503,895.23
Department of Housing and Community Development
Review Completed
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 City Clerk
Reviewed B
11/03/2025 11:01 AM
Luis Hernandez -Torres
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 11/04/2025 10:14 AM
Completed 11/04/2025 4:51 PM
Completed 11/04/2025 5:18 PM
Completed 11/04/2025 5:42 PM
Completed 11/05/2025 7:24 AM
Completed 11/17/2025 9:57 AM
Completed 12/02/2025 3:42 PM
Completed 12/02/2025 4:39 PM
Completed 12/11/2025 9:00 AM
Completed 12/11/2025 8:05 PM
City of Miami
Legislation
Resolution
Enactment Number: R-25-0515
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 18429 Final Action Date:12/11/2025
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ALLOCATING PROGRAM INCOME FROM HOME INVESTMENT PARTNERSHIPS
("HOME") FUNDS COLLECTED ON SEPTEMBER 30, 2025, IN THE AMOUNT OF
FIVE HUNDRED TWO THOUSAND SEVEN HUNDRED TWENTY EIGHT DOLLARS
AND FIFTY SEVEN CENTS ($502,728.57) AND AN ADDITIONAL AMOUNT OF FIVE
HUNDRED EIGHTY-THREE DOLLARS AND THIRTY-THREE CENTS ($583.33) OF
RECAPTURED FUNDS FOR A TOTAL AMOUNT OF FIVE HUNDRED THREE
THOUSAND THREE HUNDRED ELEVEN DOLLARS AND NINETY CENTS
($503,311.90), 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 PURPOSE.
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, on September 30, 2025, the Department collected Five Hundred Two
Thousand Seven Hundred Twenty Eight Dollars and Fifty Seven Cents ($502,728.57) in Home
Investment Partnerships Program ("HOME") program income and an amount of Five Hundred
Eighty -Three Dollars and Twenty -Three Cents ($583.33) in recaptured funds for a total of Five
Hundred Three Thousand Three Hundred Eleven Dollars and Ninety Cents ($503,311.90)
("Funds"); and
WHEREAS, pursuant to HOME regulations 24 CFR Part 92.503, program income and
recaptured funds 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.
APPROVED AS TO FORM AND CORRECTNESS:
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.