94-21360 Reso
RESOLUTION NO. 94-21360
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF
THE CITY OF MIAMI BEACH. FLORIDA. AUTHORIZING THE
APPROPRIATION OF 1994 HOME FUNDS RECEIVED IN THE
AMOUNT OF ONE MILLION ONE HUNDRED TWENTY-SEVEN
THOUSAND DOLLARS ($1.127 .0001. IN ENTITLEMENT GRANT
FUNDS RECEIVED BY THE CITY FROM THE U.S. DEPARTMENT
OF HOUSING AND URBAN DEVELOPMENT. FOR ELIGIBLE
AFFORDABLE HOUSING PROJECTS.
WHEREAS. the City received notification from the U. S. Department of Housing and Urban
Development (HUD) that. as a participating jurisdiction. Miami Beach is entitled to receive its third round of
funding in the amount of One Million One Hundred Twenty-Seven Thousand dollars ($1,127,000), through
the HOME Investment Partnerships Program (HOME Program); and
WHEREAS. the HOME Program is designed to expand the supply of decent and affordable
housing and encourages partnerships with the private sector and non-profit housing providers; and
WHEREAS. in accordance with the regulations, the City has a previously developed and
approved Program Description for the HOME Program, which includes the required set-asides for rental
housing and for Community Housing Development Organizations (CHDO'sl; and
WHEREAS. the Program Description was re-submitted to HUD in April 1994 in order to receive
the fiscal year 1994 HOME allocation; and
WHEREAS. the Mayor and City Commission herein deem it to be in the best interest of the
residents and citizens of the City to appropriate the funds received through the HOME Investment
Partnerships Program to increase the City's previous HOME allocation by One Million One Hundred Twenty-
Seven Thousand Dollars ($1,127,0001.
NOW. THEREFORE. BE IT RESOLVED BY THE MAYOR AND THE CITY COMMISSION OF
THE CITY OF MIAMI BEACH. FLORIDA, that the Mayor and City Commission hereby authorize the
appropriation of 1994 HOME funds, in the amount One Million One Hundred Twenty-Seven Thousand Dollars
($1,127,0001 from the U.S. Department of Housing and Urban Development for eligible affordable housing
projects.
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.1994.
PASSED AND ADOPTED THIS 19th DAY OF Octobe
ATTEST:
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CITY CLERK
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CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH FLORIDA 33139
CITY OF MIAMt BEACH
COMMISSION MEMORANDUM NO. ] lS-q l/
TO:
Mayor Seymour Gelber and
Members of the City Commission
DATE:
October 19, 1994
FROM:
Roger M. Ca
City Manager
A RESOLUTION-AUTHORIZING THE APPROPRIATION OF FEDERAL 1994
HOME FUNDS IN THE AMOUNT OF $1,127,000 RECEIVED BY THE CITY
FROM THE U.S.DEPARTMENT OF HOUSING AND URBAN
DEVELOPMENT FOR ELIGIBLE AFFORDABLE HOUSING PROJECTS.
SUBJECT:
ADMINISTRATION RECOMMENDATION:
To adopt the attached Resolution authorizing the appropriation of federal 1994 HOME
Funds in the amount of $1,127,000 in entitlement grant funds received by the City
from the U.S. Department of Housing and Urban Development, for eligible affordable
housing projects.
BACKGROUND:
The City is an entitlement recipient of federal grant funds from the U. S. Department
Housing and Urban Development for the HOME Investment Partnerships Program.
This year the City received $1,127,000 in funds for which the appropriate grant
agreement forms were duly executed on April 21, 1994. The City's current Grant
Number is M94-MC12-0212.
ANALYSIS:
All grant funds received by the City must be appropriated by a Resolution of the City
Commission. The following projects have received commitments and/or reservations
of funds from the City HOME Program:
. Affordable Landmarks - the Sails Project: 1.25 million dollars for 96
units of newly constructed Condonimiums of which 25 are set-aside for
income eligible first-time home buyers. 101
AGENDA ITEM C. -1- D
DATE~
COMMISSION MEMO
APRIL 20, 1994
PAGE 2
. MBDC's Family Rental Program: One million dollars to renovate 259
Washington Avenue into 17 two and three bedroom family rental units
for low- and very low-income families.
. MBDC's CHDO Operating funds:
from FY .92/93:
from FY 93/94:
from FY 94/95:
$90,000
60,450
56,350
. MBDC's first-time Home Buyer Program: $250,000 for acquisition and
rehabilitation of scattered site condominiums for first-time home buyers
. MBHA's Women and Children Resource Center: $760,000 for 52 units
of transitional housing and a child day care center.
CONCLUSION:
It is recommended that the Mayor and City Commission adopt the attached Resolution
which authorizes the appropriation of 1994 HOME funds in the amount of $1,127,000
in entitlement grant funds received by the City from the U.S. Department of Housing
and Urban Development, for eligible affordable housing projects.
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