HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM Law Department
Matter ID No.
f -
14'°e A,'� FILE ID: 15-01646
Date: 12-03-2015 Requesting Department: Community Development
Commission Meeting Date: 01-28-2016 District Impacted: 1,2,3,4,5
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: SECTION 8 FUNDING: 2016-2017
Purpose of Item:
AUTHORIZING THE ACCEPTANCE OF SECTION 8 HOUSING PROGRAM FUNDS, IN THE
PROJECTED AMOUNT OF $4,663,200 FOR RENTAL ASSISTANCE, AND IN THE PROJECTED
AMOUNT OF $436,800 FOR PROGRAM ADMINISTRATION, FOR A TOTAL PROJECTED
AMOUNT OF $5,100,000 FROM FISCAL YEAR 2016-2017 ANNUAL CONTRIBUTIONS FROM
THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT;
AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS FOR SAID
PURPOSE.
Background Information:
The City of Miami has 416 units under Section 8 contracts:
The United States Department of Housing and Urban Development has advised the City of Miami
that the projected allocation for the Section 8 Housing Program for Fiscal Year 2016-2017 is
available in the amount of $4,663,200 for rental assistance payments and $436,800 for program
administration, for a total projected amount of $5,100,000.
Budget Impact Analysis
NO Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact: $5,100,000
Final Approvals
(SIGN AND DATE),
CIP Budget / , o Z Z
If using or, 'ecciving capital funds
Grants Risk Management
Purchasing //�/,%1 Dept. Director
Chief / /Z ✓ City Manager
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