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Master Report
Enactment Number: R-25-0542
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 18620
Revision: A
File Type: Resolution Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: City Commission
File Name: Allocate Funding - Affordable Housing - 1251 SW 7 Introduced: 12/2/2025
Street - Mabruk USA LLC
Requesting Dept: Commissioners and Mayor Final Action Date: 12/11/2025
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING A FORGIVABLE LOAN IN AN AMOUNT NOT TO EXCEED FOUR
MILLION DOLLARS ($4,000,000.00) FROM LEGALLY AVAILABLE FUNDING
SOURCES AS FURTHER DESCRIBED HEREIN ("FUNDS"), TO MABRUK USA L.L.C.,
A FLORIDA LIMITED LIABILITY COMPANY ("DEVELOPER"), TO CONSTRUCT A NEW
AFFORDABLE HOUSING DEVELOPMENT THAT WILL CONTAIN NO FEWER THAN
ONE HUNDRED FIVE (105) CITY OF MIAMI-ASSISTED RESIDENTIAL RENTAL UNITS
FOR ELIGIBLE RESIDENTS WHOSE ANNUAL INCOME IS EQUAL TO OR LESS
THAN EIGHTY PERCENT (80%) OF AREA MEDIAN INCOME, AS PUBLISHED
ANNUALLY BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN
DEVELOPMENT, TO BE KNOWN AS AQUA MIA LOCATED AT 1251 SOUTHWEST
7TH STREET, MIAMI, FLORIDA, AS MORE PARTICULARLY DESCRIBED IN EXHIBIT
"A", ATTACHED AND INCORPORATED ("PROJECT"), WHERE DISBURSEMENT OF
THE FUNDS IS SUBJECT TO THE RECEIPT BY THE CITY MANAGER OF THE
WRITTEN APPROVAL OF THE LOAN BY THE CITY'S HOUSING AND COMMERCIAL
LOAN COMMITTEE ("HCLC APPROVAL"), AND SUBJECT TO THE TERMS,
CONDITIONS, AND RESTRICTIONS CONTAINED HEREIN, IN THE HCLC
APPROVAL, THE CITY'S DEPARTMENT OF HOUSING AND COMMUNITY
DEVELOPMENT GUIDELINES, ANY OTHER APPLICABLE CITY RESOLUTIONS
RELATED TO THE PROJECT, AND ALL APPLICABLE FEDERAL, STATE OF
FLORIDA, LOCAL, AND CITY LAWS, RULES, AND REGULATIONS FOR
AFFORDABLE HOUSING PROJECTS; FURTHER AUTHORIZING THE CITY
MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY
DOCUMENTS, INCLUDING AMENDMENTS, EXTENSIONS, AND MODIFICATIONS,
ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE;
PROVIDING FOR AN EFFECTIVE DATE.
Sponsor(s): Commissioner Joe Carollo
Notes:
Links:
Attachments: 18620 Exhibit A (PDF)
18620 Exhibit B (PDF)
History of Legislative File:
Revision: Acting Body: Date: Action: Result:
Legislative Division
Victor Turner
12/2/2025 Legislative Division Review Completed
12/2/2025 Department Head Review Completed
City of Miami Page 1 of 2 Printed on: 1/12/2026
A
A
A
A
Xavier Alban
Leon P Michel
City Commission
City Commission
Mayor's Office
City Clerk's Office
Legislative Division
Xavier Alban
George K. Wysong III
City Clerk's Office
City of Miami
Master Report
Enactment Number:
12/2/2025
12/2/2025
12/11/2025
12/11/2025
12/11/2025
12/11/2025
12/17/2025
1/8/2026
1/9/2026
1/12/2026
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
R-25-0542
ACA Review
Budget Review
Meeting
ADOPTED WITH
MODIFICATION(S)
Signed by the Mayor
Signed and Attested by the City
Clerk
Legislative Division Review
ACA Review
Approved Form and
Correctness with Modification(s)
Rendered
Completed
Completed
Completed
Passed
Completed
Completed
Completed
Completed
Completed
Completed
City of Miami Page 2 of 2 Printed on: 1/12/2026