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2014-28798 Reso RESOLUTION NO. 2014-28798 A RESOLUTION OF THE MAYOR AND THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING AND AUTHORIZING AN AMENDMENT TO THE FY 2014/2015 ACTION PLAN; SAID AMENDMENT AUTHORIZING THE REALLOCATION OF $122,492.44 OF FY 2014/2015 HOME INVESTMENT PARTNERSHIPS PROGRAM (HOME) FUNDS FROM THE LONDON HOUSE PROJECT TO THE CARRFOUR HARDING VILLAGE PROJECT; PROVIDING FOR A THIRTY (30) DAY PUBLIC COMMENT PERIOD; AND SCHEDULING A PUBLIC MEETING ON THE PROPOSED AMENDMENT TO THE CITY'S FY 2014/2015 ACTION PLAN; AND FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE ANY DOCUMENTS NECESSARY TO EFFECTUATE THE REALLOCATION OF SAID HOME FUNDS TO THE CARRFOUR HARDING VILLAGE PROJECT. WHEREAS, the City is an entitlement recipient of HUD formula grant funds from the HOME Investment Partnerships Program (HOME); and WHEREAS, HOME funds are used for affordable housing activities, including multi- family rentals and first-time homeownership; and WHEREAS, the City expects to continue to receive entitlement funds from this grant program to operate the City's affordable development activities; and WHEREAS, the Action Plan for Federal funds is a requirement under HUD's formula grant programs, which include the HOME Program; and WHEREAS, HOME stipulates that funds be expended within timeliness guidelines as delineated in 24 CFR Part 92, among others; and WHEREAS, the City reallocated recaptured funds to Carrfour Supportive Housing's (Carrfour) Harding Village Apartments project in an effort to prevent the loss of funds to de- obligation by HUD; and WHEREAS, the several challenges arose between the City and Carrfour that narrowed the window for draw on the expiring funds to September 26, 2014, the very last day that expiring funds could be drawn from HUD; and WHEREAS, the expenditure deadline was not met because the City was only able to complete the draw in its Eden financial system and not HUD's financial system; and WHEREAS, HUD subsequently recaptured $185,272 of HOME funds on September 27, 2014; and WHEREAS, the Carrfour Harding Village Project was impacted by this recapture of funds, to the extent of$122,492.44 (Funding Shortage), and the City, in good faith, would like to provide the Funding Shortage through other available funds; and WHEREAS, FY 2014/2015 HOME funds, in the amount of $122,492.44, were allocated to the London House Project, but will not be required to complete the project because the bids returned lower than anticipated; and WHEREAS, the Administration recommends the reallocation of the London House Project funds to the Carrfour Harding Village Project in order to cover the Funding Shortage; and WHEREAS, the resulting HOME funds reallocation recommendation will be incorporated into the City's FY 2014/2015 Action Plan; and WHEREAS, the City will provide for a thirty (30) day public comment period and a public meeting on the proposed Substantial Amendment to the FY 2014/2015 Action Plan; and WHEREAS, the City Manager is the designated agent for all HUD formula grants, and executes the grant applications, grant agreements, and other applicable HUD documents on behalf of the City. NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission hereby approve and authorize an amendment to the FY 2014/2015 Action Plan (Amendment); said Amendment authorizing the reallocation of $122,492.44 of FY 2014/2015 HOME Investment Partnerships Program (HOME) funds from the London House Project to the Carrfour Harding Village Project; providing for a thirty (30) day public comment period; and scheduling a public meeting on the proposed Amendment to the City's FY 2014/2015 Action Plan; and further authorize the City Manager to execute any documents necessary to effectuate the reallocation of said Home funds to the Carrfour Harding Village Project. PASSED AND ADOPTED this day of OC4er— , 20'14. ATTEST: ' RA AEL E. GRANADO, C�; d�K••••..`�� P IP I, , MAYOR =.IRATED: NCORF O � T:WGENDA\2014\October\Housin OmMunity e"'ces\G oar arding Village CC RESO .• .� Jk I ,i 2-(0, Y� APPROVED AS TO FORM & LANGUAGE &FOR EXECUTION City Attorney mate COMMISSION ITEM SUMMARY Condensed Title: A Resolution Authorizing the City Manager to reallocate $122,492.44 of FY 2014/2015 HOME Investment Partnerships Program(HOME)funds; amend the FY 2014/2015 Action Plan accordingly; issue a notice of a thirty (30)day public comment period and scheduling a public meeting on the proposed Substantial Amendment to the City's FY 2014/2015 Action Plan; and reallocate the aforesaid amount of home funds to the Carrfour Harding Village project. Key Intended Outcome Supported: N/A Supporting Data(Surveys, Environmental Scan, etc.): N/A Item Summa /Recommendation: An Administration review found that, due to the lack of appropriate expenditure of HOME funds, the City was faced with the possibility of the de-obligation/recapture of$185,272 of HOME funds.Staff evaluated its options and determined that a project being undertaken by Carrfour Supportive Housing, Inc. (Carrfour), the Harding Village Apartments,offered the best opportunity to mitigate this possible loss. Staff worked diligently with Carrfour and others to expedite the policy steps required to accomplish this. However, time constraints were so limited that it became evident that the City Commission approved a one-time advance drawdown for this Candour project as memorialized in Resolution No.2014-28750.The advance drawdown could not be processed until the last day allowed by HUD (September 26)because Carrfour needed prior approval for any loans to this project from the City of Miami that was not disclosed to the City until August 27th.This approval could not be obtained until the City of Miami's Loan Committee convened on the morning of September 26th. On September 26th, all actions for that day were being carried out by Housing & Community Services staff as planned including the draw of funds in the City's Eden fiscal system. Unfortunately, due to a miscommunication between Housing & Community Services and the Finance Department, the drawdown action was not fully completed until Monday,September 29th. HUD recaptured the funds at 12:01 am on September 27th. Since the City is contractually obligated to provide the funding to Carrfour to complete the project, it was necessary to identify an alternative source of funding to replace the $185,272. Therefore, staff reviewed its existing HOME Program funds to determine the amount of uncommitted funds available for allocation to this project.This resulted in the identification of$62,779.56 of currently available funds leaving a remaining shortfall of $122,492.44. In addition, since cost projections for the rehabilitation of the London House Apartments project came in slightly lower than budgeted,a reallocation of these excess funds can provide coverage of the remaining shortfall. Administration Recommendation -Adopt the Resolution. Advisory Board Recommendation: N/A Financial Information: Source of Amount Account Funds: 1 $122,492.44 Account Number: 182-5231-000349 2 $62,779.56 Account Number: 181-5230-000349 3 OBPI Total $185,272.00 Financial Impact Summary: City Clerk's Office Legislative Tracking: Maria Ruiz/ Housing &Community Services Sign-Offs: Department Director Assistant City Manager City Manager MLR KGB JLM AGENDA ITEM R11 MIAMIBEACH 10-1,2-W DATE MIAMI BEACH City of Miami Beath, 1700 Convention Center Drive,Miami Beach, Florida 33139,www.miamibeachfl.gov COMMISSION MEMORANDUM TO: Mayor Philip Levine and Member f the Ci Commission FROM: Jimmy L. Morales, City Manager DATE: October 22, 2014 SUBJECT: A RESOLUTION OF THE MAYO AND THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORID , APPROVING AND AUTHORIZING THE CITY MANAGER TO REALLOCATE $122,492.44 OF FY 2014/2015 HOME INVESTMENT PARTNERSHIPS PROGRAM (HOME) FUNDS; AMEND THE FY 2014/2015 ACTION PLAN; ISSUE A NOTICE OF A THIRTY (30) DAY PUBLIC COMMENT PERIOD AND SCHEDULING A PUBLIC MEETING ON THE PROPOSED SUBSTANTIAL AMENDMENTS TO THE CITY'S FY 2014/2015 ACTION PLAN; AND REALLOCATE THE AFORESAID AMOUNT OF HOME FUNDS TO THE CARRFOUR HARDING VILLAGE PROJECT. ADMINISTRATION RECOMMENDATION Adopt the Resolution. BACKGROUND The City is an entitlement community designated by the U.S. Department of Housing and Urban Development (HUD) and as determined by the decennial census information on population growth lag, age of housing stock, and poverty. As an entitlement community, the City qualifies for an annual allocation under HUD's grant programs. The HOME Investments Partnership Program (HOME)was established in 1992 to provide funding specifically for affordable housing. HUD allocates these housing funds to strengthen public/private partnerships and expand the supply of affordable housing that is decent, safe and sanitary. The HOME Program has timeliness requirements regarding the expenditure of funds. HOME funds must be committed to a project within two years of City's receipt, and expended within five years. HUD further requires its entitlement jurisdictions to ensure that funded activities are carried out in the defined project scope and within the timeframe allowed. The City's Action Plan, an annual document which defines how the City will utilize its HUD funds, is monitored throughout the year to ensure compliance with federal regulations and progress towards the National Objective, which stipulates that HOME-funded activities must create housing units that benefit low- and moderate-income persons who earn at or below 80% of the Area Median Income (AMI). From time-to-time, it is necessary for the City to process a "Substantial Amendment" to the Five- Year Consolidated Plan or the One Year Action Plans to allow for the funding of new activities, modification of existing activities, or other program administrative actions. The City is required by HUD [24 CFR 91.505 (b)] to identify the criteria to be used in determining if a proposed action will be considered a "substantial amendment", as follows: Commission Memorandum —Carrfour Funding Reallocation October 22, 2014 Page 2 of 3 • Addition of a new activity or project not previously described in the Consolidated or Action Plan; • Deletion of an activity or project previously described in the Consolidated or Action Plan; • Change in the purpose, scope, location or beneficiaries of an activity or project previously described in the Consolidated or Action Plan; • Change in the use of funds from one eligible activity or project to another previously described in Consolidated or Action Plan; and/or • A cumulative change in the use of funds from an eligible activity to another eligible activity that decreases an activity's funding by 10% or more or increases an activity's funding by 10% or more during the fiscal year. Any proposed amendment that is considered a substantial amendment is subject to the Citizen Participation process; requires formal action by the City Commission; and requires approval by HUD. Furthermore, a thirty (30) day public notice is required to provide the opportunity for the public to review and comment on the proposed substantial amendments to the City's FY 2008 through 2013 Action Plans. The City will also include a notice of a public meeting on the proposed substantial amendments. The City will consider all comments or views received from the public concerning proposed substantial amendments in accordance with 24 CFR 91.105 (c) (3). A summary of these comments and views shall be attached to the substantial amendment submitted to HUD. ANALYSIS I operations, funding When the current Administration assumed duty, it conducted a review of al ope a g agreements and fiscal operations of its HUD-funded activities. The review found that, due to the lack of appropriate management and monitoring of the timely allocation, commitment, and expenditure of HOME funds, the City was faced with the possibility of the de- obligation/recapture of $185,272 of HOME funds based on its September 30, 2014 expenditure deadline. This condition is also related to the City's history of allocating all of its HOME funds to Miami Beach Community Development Corporation (MBCDC). Due to that organization's inability to successfully complete some of the proposed projects, and the City's need to cancel projects and recapture the funds, the City needed to adjust its funding/spending to meet the required expenditure deadline. Staff evaluated its options and determined a course of action to mitigate the pending loss of funds. A project being undertaken by Carrfour Supportive Housing, Inc. (Carrfour) that had already been targeted for City support was identified as a project that could be modified, and its timeline accelerated, to allow for the timely expenditure of funds. This Carrfour property is known as Harding Village Apartments and is located at 8520 Harding Avenue. Staff worked diligently with Carrfour, the State Historic Preservation Office (SHPO), and HUD to expedite the policy steps that were required to bring this action to fruition. However, the time constraints were so limited that it became evident that the City would need to provide an advance draw to Carrfour so that the expenditure deadline could be satisfied. Therefore, at its September 10, 2014 Commission Meeting, the City Commission approved a one-time advance drawdown for this Carrfour project as memorialized in Resolution No. 2014-28750. The advance drawdown could not be processed until the last day allowed by HUD (September 26) because Carrfour needed prior approval for any loans to this project from the City of Miami (an initial project investor) that was not disclosed to the City until August 27th. This prior approval could Commission Memorandum—Carrfour Funding Reallocation October 22, 2014 Page 3of3 not be obtained until the City of Miami's Loan Committee convened on the morning of September 26tH On September 26th, all actions for that day were being carried out by Housing & Community Services staff as planned including the draw of funds in the City's Eden fiscal system. It was anticipated that the drawdown in the HUD system would be completed. Unfortunately, due to a miscommunication between Housing & Community Services and the Finance Department, the drawdown action was not fully completed until Monday, September 29th. HUD recaptured the funds at 12:01 am on September 27th Subsequent to an internal review of this failure, the Housing & Community Services employee that handled this transaction was dismissed for her role in the failure. In addition, future HUD draws subject to deadlines will be communicated to the Finance Department by the Office of Housing and Community Services in writing to ensure effective communication and efficacy between the departments. In addition, additional language will be added to the City's funding agreements with sub-recipients to ensure that last minute disclosures of prior review and/or consent requirements will be prohibited if not disclosed at the time of award. The late notice by Carrfour of its need for prior approval by the City of Miami prevented the City from drawing funds until after the approval was issued by the City of Miami on the morning of September 26tH, the last day in which draws could be made to ensure compliance with HUD's expiring funds deadline. Since the City is contractually obligated to provide the funding to Carrfour to complete the project, it was necessary to identify an alternative source of funding to replace the $185,272. Therefore, staff reviewed its existing HOME Program funds to determine the amount of uncommitted funds available for allocation to this project. This resulted in the identification of $62,779.56 of currently available funds leaving a remaining shortfall of$122,492.44. In addition, since cost projections for the rehabilitation of the London House Apartments project came in slightly lower than budgeted, a reallocation of these excess funds can provide coverage of the remaining shortfall. Because HUD has re-captured the expiring HOME funds, there is no longer a need for advance funds drawdowns as previously thought. Therefore, Carrfour can now utilize normal reimbursement processes to draw project funds from the City. CONCLUSION The Administration recommends that the Mayor and City Commission approve and authorize the City Manager to reallocate $122,492.44 of FY 2014/2015 HOME Investment Partnerships Program (HOME) funds; amend the FY 2014/2015 Action Plan accordingly; issue a notice of a thirty (30) day public comment period and scheduling a public meeting on the proposed Substantial Amendment to the City's FY 2014/2015 Action Plan; and reallocate the aforesaid amount of home funds to the Carrfour Harding Village project. JLM/K /MLR/ARB F:\T—Drive\AGENDA\2014\October\Housing&Community Services\Carrfour Harding Village CC MEMO.docx 10-22-2014