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LTC 364-2019 Opening of Affordable Housing Waitlist for City-Owned Properties MIAMI BEAC 364-2019 OFFICE OF THE CITY MANAGER NO. LTC # LETTER TO COMMISSION TO: Mayor Dan Gelber and Members o the City i ommission 1. FROM: Jimmy L. Morales, City Manager 1 I • DATE: June 25, 2019 SUBJECT: Opening of Affordable Housing Wai ist for City-Owned Properties We are pleased to announce that the City will accept online pre-applications for studio apartments in its affordable housing program July 1- 5, 2019. The City is accepting applications for the Madeleine Village Apartments and Neptune Apartments. H • w,. : . - 1 .-.414 . rill 1 . _. - mooallikeloilii ,. I .. ► r Madeleine Village Apartments: Neptune Apartments: 7861-7871 Crespi Blvd.Miami Beach,FL 33139 1632 Meridian Ave Miami Beach,FL33139 The 2019 rents and household capacity for studio apartments are as follows: Unit Size Maximum Capacity Rent Amount Studio 2 persons $739.00 Applicants must meet the minimum household income of$8,868 which represents annualized rent. Applicant income cannot exceed 80%Area Median Income (AMI) as noted below: Household Size Annual Income Limit 1 $47,450 2 $54,200 Once the waitlist is closed, the City will randomly select 1,000 persons from the submitted applications for addition to the City's affordable housing waitlist. This selection will occur at a public lottery drawing on July 10, 2019 at 10am in the Commission Chambers. This is a public drawing and applicants may attend in person. Results of the drawing will be posted on the City's website on July 12, 2019. Applicants can track their position on the waitlist online. The online pre-application can be accessed at https://secure.miamibeachfl.gov/housinq. Anyone needing assistance to apply is encouraged to visit the Office of Housing and Community Services locat d t 555 17th St. Miami Beach. r, JLM/SM /MLR/AT/MR