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OMNI
Community Redevelopment Agency
Legislation
OMNI CRA Resolution: CRA-R-26-0022
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.omnicra.com
File Number: 16968 Final Action Date:5/28/2026
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("CRA"), WITH ATTACHMENT(S), BY A FOUR -FIFTHS (4/STHS) AFFIRMATIVE
VOTE, AFTER AN ADVERTISED PUBLIC HEARING, RATIFYING, APPROVING,
AND CONFIRMING THE EXECUTIVE DIRECTOR'S RECOMMENDATION AND
FINDING, ATTACHED AND INCORPORATED AS EXHIBIT "A," THAT
COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT
PRACTICABLE OR ADVANTAGEOUS TO THE CRA PURSUANT TO SECTIONS
18-85 AND 18-86 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS
AMENDED, AS ADOPTED BY THE CRA; WAIVING THE REQUIREMENTS FOR
COMPETITIVE SEALED BIDDING AS NOT BEING PRACTICABLE OR
ADVANTAGEOUS TO THE CRA; AUTHORIZING THE ALLOCATION OF FUNDS
IN AN AMOUNT NOT TO EXCEED ONE MILLION, SEVEN HUNDRED
THOUSAND AND 00/100 DOLLARS ($1,700,000.00) TO EWB HOLDINGS, LLC,
A FLORIDA LIMITED LIABILITY COMPANY, CONTINGENT UPON THE EIGHTY
PERCENT (80%) COMPLETION OF THE MIXED -INCOME DEVELOPMENT
PROJECT LOCATED AT 1433 NORTHWEST 1ST COURT, MIAMI, FLORIDA
AND 1435 NORTHWEST 1ST COURT, MIAMI, FLORIDA AS APPROVED
PURSUANT TO CRA RESOLUTION NO. CRA-R-25-0029 ADOPTED ON JUNE
26, 2025, TO UNDERWRITE COSTS ASSOCIATED WITH THE CONSTRUCTION
AND DEVELOPMENT OF A MULTI -GENERATIONAL, FAMILY -CENTERED
DUPLEX AFFORDABLE HOUSING PROJECT LOCATED AT 1695 NORTHWEST
1ST COURT, MIAMI, FLORIDA, IDENTIFIED BY FOLIO NUMBER 01-3125-048-
1160 ("PROJECT") CONSISTING OF TWO (2) FIVE (5) BEDROOM UNITS AT
OR BELOW SEVENTY PERCENT 70%OF THE AREA MEDIAN INCOME ("AMI");
FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND
EXECUTE A FORGIVABLE LOAN AGREEMENT AND SUPPORTING
DOCUMENTS, INCLUDING ANY AND ALL OTHER DOCUMENTS NECESSARY
FOR THE PURPOSE STATED HEREIN, ALL IN FORMS ACCEPTABLE TO THE
GENERAL COUNSEL; ALL BEING SUBJECT TO THE RENTS BEING
RESTRICTED FOR THIRTY (30) YEARS AS MORE PARTICULARLY DETAILED
IN A RESTRICTIVE COVENANT THAT IS TO BE RECORDED IN THE PUBLIC
RECORDS OF MIAMI-DADE COUNTY, FLORIDA.
WHEREAS, the Omni Redevelopment District Community Redevelopment Agency
("CRA") is tasked with reducing slum and blight within its boundaries; and
WHEREAS, EWB Holdings, LLC, a Florida limited Liability Company ("Developer"),
owns the properties located at 1695 Northwest 1st Court, Miami, Florida, identified by folio
number 01-3125-048-1160 ("Property") and has requested the CRA to underwrite the
expenditures and costs associated with the Development and Construction of a family -centered,
City of Miami Page 1 of 3 File ID: 16968 (Revision:) Printed On: 6/16/2026
File ID: 16968 Enactment Number: CRA-R-26-0022
multi -generational duplex at the Property, offering affordable housing options to residents in the
CRA's Redevelopment Area ("Area"); and
WHEREAS, the two (2) five (5) bedroom units will be eligible for residents whose annual
income is equal to or less than seventy percent (70%) of the Area Median Income ("AMI") for
Miami -Dade County, as published annually by the United States Department of Housing and
Urban Development ("HUD") (the "Project"); and
WHEREAS, the CRA's 2019 Redevelopment Plan ("Plan") provides for the promotion of
a variety of housing options, including affordable and workforce housing, and encourages
partnerships with private entities to redevelop blighted properties and improve the public realm;
and
WHEREAS, the Developer requests funding in an amount not to exceed One Million,
Seven Hundred Thousand and 00/100 Dollars ($1,700,000.00) to underwrite the costs
associated with the Project; and
WHEREAS, funding this Project is critical to addressing slum and blight, while enhancing
affordable housing options within the CRA, consistent with the goals outlined in the Plan; and
WHEREAS, based on the recommendation and findings of the Executive Director,
attached and incorporated as Exhibit "A," it is in the CRA's best interest to authorize, by an
affirmative four -fifths (4/5ths) vote, a waiver of competitive sealed bidding procedures pursuant
to Sections 18-85 and 18-86 of the Code of the City of Miami, Florida, as amended ("City
Code"), as adopted by the CRA, for the allocation of funds in an amount not to exceed One
Million, Seven Hundred Thousand and 00/100 Dollars ($1,700,000.00) to be disbursed, on a
reimbursement basis, or upon the presentation of invoices or proper documentation to the
Developer for the Project; and
WHEREAS, the funding allocated for the Project shall be contingent upon the substantial
completion, defined as eighty percent (80%) completion, of the mixed -income development
project located at 1433 Northwest 1st Court, Miami, Florida, and 1435 Northwest 1st Court,
Miami, Florida, previously approved by the Board on June 26, 2025, pursuant to CRA
Resolution No. CRA-R-25-0029;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF
THE OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY OF
THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble of this Resolution are
adopted by reference and incorporated herein as fully set forth in this Section.
Section 2. By a four -fifths (4/5ths) affirmative vote, after an advertised public hearing, the
Executive Director's recommendation and written finding, attached and incorporated as Exhibit
"A," pursuant to Sections 18-85 and 18-86 of the City Code, as adopted by the CRA, are ratified,
approved, and confirmed, and the requirements for competitive sealed bidding are waived as
not being practicable or advantageous to the CRA.
Section 3. The allocation of funds in an amount not to exceed One Million, Seven
Hundred Thousand and 00/100 Dollars ($1,700,000.00) to the Developer, to underwrite the
expenditures and costs associated with the construction and development of the Project
City of Miami Page 2 of 3 File ID: 16968 (Revision:) Printed on: 6/16/2026
File ID: 16968 Enactment Number: CRA-R-26-0022
contingent upon the substantial completion, defined as eighty percent (80%) completion, of the
mixed -income development project located at 1433 Northwest 1st Court, Miami, Florida and
1435 Northwest 1st Court, Miami, Florida, previously approved pursuant to CRA Resolution No.
CRA-R-25-0029.
Section 4. The Executive Director is authorized to disburse funds on a reimbursement
basis or upon the presentation of invoices or satisfactory documentation.
Section 5. The Executive Director is further authorized to negotiate and execute a
Forgivable Loan Agreement and supporting documents, including any and all other documents
necessary, all in forms acceptable to the General Counsel, for the Project, including, but not
limited to, a restrictive covenant detailing the rent restrictions for thirty (30) years, which shall be
recorded in the public records of Miami -Dade County, Florida.
Section 6. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
�ii C y for y 5/18/2026
City of Miami Page 3 of 3 File ID: 16968 (Revision:) Printed on: 6/16/2026