HomeMy WebLinkAboutR-19-0021City of Miami
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Legislation
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Resolution: R-19-0021
File Number: 5219
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date: 1/10/2019
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AMENDING THE CITY OF MIAMI'S DEPARTMENT OF HOUSING AND
COMMUNITY DEVELOPMENT'S HOUSING PROGRAM POLICIES TO INCLUDE
A RIGHT OF FIRST REFUSAL PROVISION AND A GENERAL UPDATE OF THE
POLICIES TO REFLECT THE CHANGING HOUSING MARKET, AS FURTHER
DESCRIBED IN EXHIBIT "A," ATTACHED AND INCORPORATED;
AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY
AND ALL NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY
ATTORNEY, FOR SAID PURPOSE.
WHEREAS, due to substantial changes in the real estate market in the City of Miami
("City"), housing prices have outpaced the incomes of a majority of City residents; and
WHEREAS, according to calculations performed by the Florida International University
Metropolitan Center, based on the 2016 American Community Survey, the gap in the number of
housing units ("Units") that are affordable to extremely low-income families is 13,195 Units and
the gaps for very low-income families and low income families are 7,694 Units and 10,909 Units,
respectively; and
WHEREAS, according to data from the Shimberg Center for Housing Studies of the
University of Florida, there are twenty-four (24) properties in the City containing more than 1,800
Units with the affordability period expiring in the next five (5) years; and
WHEREAS, the City's Department of Housing and Community Development's Housing
Program Policies ("Policies") are being amended to include a Right of First Refusal provision to
preserve the affordability of Units, to provide additional incentives for small developers, and to
bring the policies in line with current practices in the affordable housing industry; and
WHEREAS, the City Administration recommends amending the Policies as further
described 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 amendment of the Policies to include a Right of First Refusal provision
and a general update of the policies to reflect the changing housing market, as further described
in Exhibit 'A" attached and incorporated, is authorized.'
City of Miami Page 1 of 2 File ID: 5219 (Revision:) Printed On: 1/31/2019
File ID: 5219
Enactment Number: R-19-0021
Section 3. The City Manager is authorized' to negotiate and execute any and all
necessary documents, in a form acceptable to the City Attorney, for said purpose.
Section 4. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
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' The herein authorization is further subject to compliance with all requirements that may be imposed by
the City Attorney, including but not limited to, those prescribed by applicable City Charter and City Code
provisions.
2 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.
City of Miami Page 2 of 2 File ID: 5219 (Revision:) Printed on: 113112019