HomeMy WebLinkAboutCRA-R-26-0004 Exhibit A,tlisi
Omni
C R A
INTER -OFFICE MEMORANDUM
Carlos Suarez
Executive Director
TO: Board Chair Damian Pardo DATE: February 12th, 2026
and Members of the CRA Board
FROM: Carlos Suarez SUBJECT: 4/5ths Grant Funding to
Executive Director Roger Jones
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 CRA Redevelopment Plan ("Plan").
On September 13, 2016, the CRA approved and adopted Resolution No. CRA-R-16-0042,
adopting the City of Miami's procurement ordinance as the process by which any and all services
and goods are procured by the CRA.
Rogers Jones submitted a grant proposal request to the CRA requesting $1,750,000.00. This
funding is needed to underwrite a portion of the costs for the residential project known as (the
"Project"), located within the Omni CRA boundaries at 1445 NW 1st Court, Miami, Florida 33136.
The project will include 3 units for Extremely Low -Income eligible residents whose annual income
is equal to or less than 30% of the Area Median Income ("AMI") for Miami -Dade County, as
published annually by the United Stated Department of Housing and Urban Development ("HUD"),
5 units for Low -Income eligible residents whose annual income is equal to or less than 60% AMI
for Miami -Dade County, as published by HUD, and 7 units for Moderate -Income eligible residents
whose annual income is equal to or less than 80% AMI for Miami -Dade County, as published by
HUD.
JUSTIFICATION:
This aligns with the Plan's objective of incentivizing diverse housing options, including affordable
and workforce housing. The Plan also aims to attract downtown workers and enhance the area's
visual appeal to businesses and residents through varied housing options. This Project will
contribute to the CRA's goals of eliminating slum and blight by offering housing options within the
CRA.
The Project is currently occupied, and the owner will work not to displace residents while
rehabilitation takes place. The $1,750,000 requested grant funding will support units restricted to
the entire property, representing 100% of the Project.
FUNDING:
The grant funding will be a total amount not to exceed amount of $1,750,000.00, is hereby
approved.