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Home My WebLink About2002-24709 Reso RESOLUTION NO. 2002-24709 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE THE ATTACHED HOME INVESTMENT PARTNERSHIPS (HOME) PROGRAM AGREEMENT WITH MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION (MBCDC), IN THE AMOUNT OF EIGHTY- ONE THOUSAND FIVE HUNDRED DOLLARS ($81,500), PREVIOUSLY ALLOCATED TO MBCDC FROM THE CITY'S FISCAL YEAR 200112002 ALLOCATION OF HOME PROGRAM FUNDS FOR ELIGIBLE COMMUNITY HOUSING DEVELOPMENT ORGANIZATION OPERATING EXPENSES IN FISCAL YEAR 200112002. WHEREAS, on February 18, 1992, the City was designated by the U.S. Department of Housing and Urban Development (HUD) as a Participating Jurisdiction to receive funding through the HOME Investment Partnerships (HOME) Program; and WHEREAS, the intent of the HOME Program is to expand the supply of housing for income-eligible households and to encourage collaboration with the private sector and not-for-profit housing providers; and WHEREAS, on April 8, 1993, the Mayor and City Commission approved Resolution No. 93-20756, designating Miami Beach Community Development Corporation as a Community Housing Development Organization (CHDO); and WHEREAS, in accordance with the HOME Program regulations, the City may provide up to five percent (5%) of its HOME allocation each fiscal year for eligible operating expenses of a CHDO; and WHEREAS, on July 18, 2001, the Mayor and City Commission adopted Resolution No. 2001-24517 approving the Fiscal Year 200112002 One-Year Action Plan for Federal funds, including the Fiscal Year 2001/2002 budget allocation for the HOME Program which included $81,500 HOME Program funds to MBCDC for CHDO operating expenses; and WHEREAS, the Administration recommends that the Mayor and City Commission approve and authorize the Mayor and City Clerk to execute the attached HOME Program Agreement with Miami Beach Community Development Corporation. ..,~..., NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA that the Mayor and City Clerk are hereby authorized to execute the attached HOME Investment Partnerships Program (HOME) Agreement with Miami Beach Community Development Corporation (MBCDC), in the amount of Eighty-One Thousand Five Hundred Dollars ($81,500), previously allocated to MBCDC from the City's Fiscal Year 200112002 allocation of HOME Program funds for eligible Community Housing Development Organization operating expenses in Fiscal Year 200112002. PASSED AND ADOPTED THIS 9TH DAY OF JANUARY, 2002 ATTEST: ~U~cb- ROBERT PARCHER, CITY CLERK 01 CHDO Operating Res 2,doc APPROVED AS TO FORM & LANGUAGE & FOR EXECUTION ~ '!i-~ ~ CITY OF MIAMI BEACH COMMISSION ITEM SUMMARY m Condensed Title: A resolution to execute a HOME Investment Partnerships (HOME) Program Agreement with Miami Beach Community Development Corporation (MBCDC), in the amount of $81 ,300, previously allocated to MBCDC from the City's Fiscal Year 2001/2002 allocation of HOME Program funds for eligible Community Housing Development Organization Operating expenses in Fiscal Year 2001/2002. Issue: The City's adopted One-Year Action Plan for Federal Funds for FY 2001/2002 allocated $81,300 of HOME Program funds to MBCDC for CHDO operating expenses. In accordance with the HOME Program regulations, the City now needs to execute an agreement to commit these HOME Program funds. Item Summary/Recommendation: In accordance with the HOME Program regulations, up to 5% of the City's annual HOME Program allocation may be provided to CHDOs to off-set operating expenses incurred by the CHDO in its capacity of owner, sponsor or developer of housing assisted with HOME funds. The administration recommends approval of the HOME Program Agreement committing the HOME Program funds previously allocated to MBCDC in the City's adopted One-year Action Plan for FY 2001/2002. Advisory Board Recommendation: On June 26, 2001 the Community Development Advisory Committee approved the One-year Action Plan for 2001/2002. The City Commission approved the One-Year Action Plan on July 18, 2001. Financial Information: Amount to be expended: $81,300 Source of Amount . Account Approved Funds: HOME 1 $81,300 151.5230 PD 2 3 4 Finance Dept. Total $81,300 Si n-Ofts: Department Director Assistant City Manager AGENDA ITEM DATE C?I 1-9-t:)~ .. CITY OF MIAMI BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 www.ci.miami-beach.f1.us COMMISSION MEMORANDUM From: Mayor Oavid Oermer and Members of the City Commission Jorge M. Gonzalez ~ City Manager ~<-- Date: January 9, 2002 To: Subject: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE THE ATTACHED HOME INVESTMENT PARTNERSHIPS (HOME) PROGRAM AGREEMENT WITH MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION (MBCDC), IN THE AMOUNT OF EIGHTY-ONE THOUSAND THREE HUNDRED DOLLARS ($81,300), PREVIOUSLY ALLOCATED TO MBCDC FROM THE CITY'S FISCAL YEAR 2001/2002 ALLOCATION OF HOME PROGRAM FUNDS FOR ELIGIBLE COMMUNITY HOUSING DEVELOPMENT ORGANIZATION OPERATING EXPENSES IN FISCAL YEAR 2001/2002. ADMINISTRATION RECOMMENDATION Adopt the Resolution. ANALYSIS The HOME Investment Partnerships (HOME) Program requires the City, in its capacity as a participating jurisdiction, to reserve at least 15 percent of its annual allocation for a particular type of not-for-profit called a Community Housing Development Organization (CHDO). The CHDO is required to utilize the funds for housing development activities in which the CHDO is the owner, sponsor or developer of the housing. In addition, up to 5 percent of the City's annual HOME Program allocation may be allocated to the CHDO to offset operating expenses incurred by the CHDO in its capacity as an owner, sponsor or developer of housing assisted with HOME funds. On July 18, 2001, the City Commission adopted Resolution No. 2001-24517, which approved the City's One-Year Action Plan for Federal Funds for fiscal year 2001/2002. The Plan lists the budget allocations for the programs and activities to be implemented through the Community Development Block Grant (CDBG) Program, the HOME Program, and the Emergency Shelter Grants (ESG) Program. TheOne-Year Action Plan for fiscal year 2001/2002 allocated HOME Program funds in the amount of $81,300 (or five percent of the City's annual HOME Program allocation of $1,626,000) to the designated CHDO, Miami Beach Community Development Corporation (MBCDC), for CHDO operating expenses. THE HOME Program requires the City to commit funds within 24 months after receiving the annual allocation. In order to commit F:\DDHP\$ALL\MIGUELL\CHDO Operating 01-02 Memo.doc 1 I January 9, 2002 Commission Memorandum CHDO Operating Funds Page 2 the HOME Program funds, it is necessary to execute a contractual agreement with MBCDC. The attached HOME Program agreement satisfies the commitment requirement. In accordance with the HOME Program regulations, the CHOO operating funds will be utilized by MBCOC as follows: * eliciting input from the community in decisions regarding design, siting, development and management of affordable housing projects; developing housing strategies and programs; developing project-specific plans to implement such programs; identifying additional funding resources available to implement housing initiatives, including grant resources, mortgages and other funding; planning and developing housing initiatives, including rental housing and ownership housing for first-time home buyers, income-eligible families, elderly, and persons with special needs; maintaining eligibility as a qualifying CHDO; and continuing the implementation of the following specific HOME Program initiatives: * * * * * * Scattered Site Home Ownership Program: During fiscal year 2001/2002, HOME Program deferred payment loans will be provided to prospective home buyers for down payment assistance. This activity is funded through the City's HOME and SHIP Programs and the Miami-Dade County Surtax program. MBCOC serves as a CHOO developer in this program by entering into a purchase agreement with the seller, rehabilitating the property if necessary to meet local property standard requirements, and transferring title of the property and the HOME loan obligation to an income-eligible buyer. Scattered-Site rental units: MBCOC will continue its responsibilities as the CHDO owner of four scattered-site condominium units acquired with HOME Program funds. This activity provides rental units for income-eligible families. The Jefferson Apartments: MBCOC completed the rehabilitation of the Jefferson Apartments in April 1999. The Jefferson Apartments, located at 542 Jefferson Avenue provides 27 units of rental housing for elderly persons. MBCOC will manage the building in conjunction with the Housing Authority of the City of Miami Beach. The Fernwood Apartments: MBCOC closed on this property July 1999. The Fernwood Apartments, located at 935 Pennsylvania Avenue, is currently under rehabilitation to provide eighteen units of supportive rental housing for physically disabled persons living with HIV/AIOS. MBCOC is the owner and developer of this project. F:\DDHP\$ALL\MIGUELL\CHDO Operating 01-02 Memo.doc '. January 9, 2002 Commission Memorandum CHDO Operating Funds Page 3 The Crespi Park Apartments: MBCDC closed on this property July 1999. The Crespi Park Apartments consists of three adjacent buildings in the North Beach area, 7900- 7920 Crespi Boulevard and 1011 and 1023 79th Street. The buildings are being rehabilitated to provide sixteen units of rental housing. Two of the buildings have been rehabilitated and eight of the units are currently rented. Rehabilitation of the other eight units is scheduled for completion in January, 2002. MBCDC is the owner and developer of this project. The Madison Apartments: MBCDC completed the rehabilitation of the Madison Apartments in July, 1997. The Madison Apartments, located at 259 Washington Avenue, provides seventeen units of rental housing. MBCDC will continue to co- manage the building in conjunction with the Housing Authority of the City of Miami Beach. The Sabrina Apartments: MBCDC closed on this property in July, 2000. The Sabrina Apartments is a 20 unit building in the South Beach area, 1551 Pennsylvania Avenue. MBCDC has secured additional funding from L1SC and Miami-Dade County for the rehabilitation of the building, which will provide 20 units of rental housing. MBCDC is the owner and developer of this project. The Knightsbridge Condominium: MBCDC closed on eight condominium units in June, 2000, and closed on an additional unit in March, 2001. MBCDC acquired nine condominium units at the Knightsbridge Condominium, 7133 East Bay Drive which have been rehabilitated and are currently rented to elderly tenants. MBCDC is the owner and developer of this project. 532 Meridian Avenue: MBCDC closed on this property in August, 2001. This Apartment building consists 21 units in the South Beach area. The building is to be rehabilitated to provide 18 units of rental housing for elderly persons. MBCDC is the owner and developer of this project. Other Initiatives: Utilization of CHDO set aside funds for future projects to be owned, sponsored or developed by MBCDC. The Administration recommends that the Mayor and City Commission adopt a Resolution authorizing the Mayor and City Clerk to execute the attached HOME Investment Partnerships (HOME) Program Agreement with Miami Beach Community Development Corporation (MBCDC), in the amount of Eighty-One Thousand Three Hundred dollars ($81,300), previously allocated to MBCDC from the City's fiscal year 2001/2002 allocation of HOME Program funds for eligible Community Housing Development Organization operating expenses in fiscal year 2001/2002. 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