Loading...
R7F-Accept Recommendations Regarding Workforce Housing And Area Median IncomeCondensed Title: 1.A Resolution directing the Administration to open and market its waitlist for the London House Apartments and the properties expected to be acquired from Miami Beach Community Development Corporation to working households earning up to 80 percent of Area Median lncome AMr). A Resolution directing the Administration to pursue the development of workforce housing for households earning 120 to 140 percent of AMI and utilize targeted marketing to prioritize service to households employed in education, public safety and municipal occupations. A Resolution directing the Administration to explore the development of rental workforce housing on the west side of the Convention Center Parking Lot (P-Lot) to benefit households employed in 2. education, public safety and munici earnino 120 to 140 of AMl. COMMISSION ITEM SUMMARY The Neighborhoods/ Community Affairs Committee held discussions regarding the definition, development and use of workforce housing at its April 23'd, May 30rh and September24th meetings. At its last meeting, the Committee generated three distinct motions regarding workforce housing. The first motion directs the Administration to ensure compliance with HUD eligibility rules pertaining to income, as recommended by the Administration. The second motion seeks to pursue the development of workforce housing for households earning 120 to 140 percent of AMI and employed in education, public safety and municipal occupations - populations typically ineligible for affordable housing projects developed with federal funds. The final motion seeks to explore the possible incorporation of workforce housing on the west side of the Convention Center Parking Lot (P-Lot) to benefit households employed in education, public safety and municipal occupations earning 120 to 140 percent of AMl. Admin istration Recommendation Motion #1 - Adopt the Resolution. Motion #2 - Adopt the Resolution. Motion #3 - The Resolution may impact the Convention Center project timeline and the Administration is requestinq direction from the Commission. Ensure Workforce Housing for Key lndustry Workers is Available in Suitable Locations Supporting Data (Surveys, Environmental Scan, etc.): 38% of residents rate the availability of workforce housing as acceptable/ the right amount. Financial lnformation : Source of Funds: Amount Account 1 N/A 2 3 OBPI Total Financial lmpact Summary: No funds are being sought at this time. Maria Ruiz/ Housing & Community Services Department Director Asspfiant Gity Manager ffi Manager MLR \,rV-KcBw JLMA[_ -I --- o, otEm.4MIAMIBEACHolrie lo'2.1-14476 g MIAMI BEACH City of Miomi Beoch, ,l700 Convention Center Drive, Miomi Beoch, Florido 33,l 39, www.miomibeochfl.gov COMMISSION MEMORANDUM TO: Mayor Philip Levine and Members FROM: Jimmy L. Morales, City Manager DATE: October 22,2014 SUBJECT: 1. A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE clTY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE NEIGHBORHOODS/ COMMUNITY AFFAIRS COMMITTEE AND DIRECTING THE CITY MANAGER TO UTILIZE TARGETED MARKETING TO PRIOR'T'ZE PLACEMENT IN THE LONDON HOUSE APARTMENTS AND !N THOSE BUILDINGS ANTICIPATED TO BE ACQUIRED FROM MIAMI BEACH COMMUNlTY DEVELOPMENT GORPORATION, BARCLAY PLAZ.A APARTM E NTS ; LOfi I E APARTM ENTS ; MAD E LE I N E VI LLAG E APARTM ENTS ; AND NEPTUNE APARTMENTS; BY THOSE HOUSEHOLDS EMPLOYED IN EDUCATION, PUBLIC SAFETY AND MUNICIPAL OCCUPATIONS AND EARNTNG Up TO ErcHTy (80) PERCENT AREA MEDIAN INCOME (AMl). 2. A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE NEIGHBORHOODS/ COMMUNITY AFFAIRS GOMMITTEE AND DIRECTING THE CITY MANAGER TO PURSUE THE DEVELOPMENT OF WORKFORCE HOUSTNG FOR HOUSEHOLDS EARNTNG ONE HUNDRED TWENTY (120) TO oNE HUNDRED FORTY (140) PERGENT OF AREA MEDIAN TNCOME (AMl) AND UTILIZE TARGETED MARKETING TO PRIORITIZE PLACEMENT BY THOSE HOUSEHOLDS EMPLOYED IN EDUGATION, PUBLIC SAFETY AND MU NlCIPAL OCCU PATIONS. 3. A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAM! BEACH, FLORIDA, AGCEPTING THE RECOMMENDATION OF THE NEIGHBORHOODS/ COMMUNITY AFFAIRS COMMITTEE AND DIRECTING THE CITY MANAGER TO EXPLORE THE DEVELOPMENT OF WORKFORCE RENTAL HOUSING TO BE LOCATED ON THE WEST SIDE OF THE CONVENTION CENTER PARKING LOT; AND FOR THE DEVELOPED HOUSING TO BENEFIT HOUSEHOLDS EMPLOYED IN EDUCATION, PUBLIC SAFETY AND MUNICIPAL OCCUPATIONS AND EARNING ONE HUNDRED TWENTY (120) TO ONE HUNDRED FORTY (140) PERCENT AREA MEDTAN rNcoME (AMr). ADMINISTRATION RECOMMENDATION 1. Adopt the resolution. 2. Adopt the resolution. 3. Given the timing of the Convention Center project, the Administration is seeking direction. 477 October 22,2014 City Commission Meeting Page 2 of 7 FUNDING No funds are being requested for this item at this time. BACKGROUND At the April 23, 2014 Commission meeting, Commissioner Michael Grieco referred a discussion on workforce housing to the Neighborhoods/ CommunityAffairs Commiftee. The Committee addressed the topic at its May 30th meeting where it requested a broader subsequent presentation including possible development examples, project sites, funding sources and beneficiary populations. A third discussion was held at the Committee's September 24th meeting discussing these broader topics. ANALYSIS Out of Reach 2014, an annual housing report by the National Low lncome Housing Coalition, reported that the national affordable housing wage (the income at which a person can afford a modest rental unit in his/her work market) is $18.92 per hour (or $39,353 annually). ln South Florida, the affordable housing wage is $19.39 per hour (or $40,331 annually). Unfortunately, the typical Florida renter only earns $13.73 per hour (or $28,558 annually). A Florida familyworking at minimum wage would need2.4 full-time wage eamers to afford a modest, two-bedroom apartment, according to the report. Many of our community's service industry jobs fall short of the affordable housing wage threshold includingl: . Restaurant wait staff ($18,000) . Pool attendants ($23,000) . Retail sales associates ($21,000) 1 Median wage information provided by www.salary.com . Teachers ($40,500) . Fi refig hte t ($44,253) . Valets ($17,000) . Tow truck drivers ($32,000) . Retail managers ($31,000) . Police Officer (($4S,tSS; . Municipal Service Worker I ($43,377) Many other critical community jobs barely cross the affordable housing wage threshold including': . Museum Guards ($39,919) . Recreation Attendant ($38,757) . Recreation Leader 1 ($43,377) . Waste Collector ($47,132) . Restaurant Managers (($43,000) 2 Median wage information provided by www.salary.cbm and City of Miami Beach Workforce housing serves those keyworkforce classifications thatdrive an area's economy. ln Aspen, Colorado, considered the birthplace of the modern workforce housing movement and one of the country's most affluent communities, the Aspen Area Community Plan seta goal of housing 60 percent of its workforce within its city limits in the early 1990s. Aspen further revised its goals in 2000 seeking to build up to 1 ,300 new employee housing units. lt should be noted that the median price for homes in the area top $1 million. Palm Beach County, which employs a variety of tools to increase workforce housing development, defines its workforce housing beneficiaries as "people employed in the jobs that the general population of the community relies upon to make the community economically viable." Furthermore, its "Workforce Housing Program" units are offered to 478 October 22,2014 City Commission Meeting Page 3 of 7 qualified households with incomes from 60 to 140 percentof Area Medium lncome (AMl)". ln Palm Beach County, the 2014 median income is $63,300 for a family of four. Household income ranges for a family of four eligible for workforce housing can vary from $37,980 (60% of AMI) to $88,620 (140Yo of AMI). ln New York City, a $350 million loan pool has been created to retain and develop affordable housing for low- and middle-income residents with a focus on households with extremely low income. This is the first initiative in a broader 1O-year effort to commit $8.2 billion in public funds to create 80,000 new units and preserve 120,000 existing units of affordable housing, according to The New York Times. The public funds are expected to be leveraged by up to $30 billion in private funds. One of the critical economic decisions that must be made at the onset of a workforce housing initiative is to determine the income levels of those to be served. While many of the City's entitlement funds can be used to develop workforce housing, the income limits for United States Department of Housing and Urban Development (HUD) and State Housing fnitiatives Program (SHIP) funds are capped at 80 percent and 120 percent of AMl, respectively. Here are the income level limits for people helped with HUD funds: 2 Person 3 Person $48,400 Frrpoo tlrrroo f $-Foo [*,+;; Extremelv Low (3oo/o) Income Limits F*F1il-,r- 7',,,-Lors (80o/o) Income Limits $38,100 ln addition, SHIP requires that a minimum of 30 percent of its funds be earmarked to benefit households with very low income (50 percent of AMI). Therefore, the ultimate beneficiaries will determine which funding sources can be utilized to develop workforce housing. lf we were to follow a similar model to Palm Beach County establishing greater income thresholds to 140 percent AMI and not rely on HUD funds, our City's household income limits would rise and the base income limits would become: 60% of AMI 100o/o of AMI 140Yo of AMI s29.040 $48.400 $67,760 As with all real estate, availability, location, size and amenities are driving forces in determining development costs. The very limited availability of property available for multi- family development combined with the need to build "up" as opposed to "out" drives up costs. One way to redress this is to develop mixed used projects that incorporate other public or community needs as a means of reducing overall cost by firstly addressing acquisition. These mixed use projects may include: FY 2Ol4 Income Limit Category o Public parking (to provide additional public and resident parking) 479 October 22,2014 City Commission Meeting Page 4 of 7 o Libraries and similarly purposed public-use facilities (to deliver services to under-served areas)o Transportation hubs (to promote public transportation and incorporate mass transit features within residential areas)o Retail stores (to increase commercial opportunities for residential areas whose residents may have limited transportation as well as employment opportunities for residents). Grocery stores (to eliminate food deserts and better improve accessibilityfor those relying on public transportation). Home ownership opportunities (to promote neighborhood investment and community stability) As with residential developments in the private marketplace, amenities help lure and retain tenants. Many amenities are relatively low in cost including: . Sun decks and barbecue grills . Community event space . Landscaping to improve curb appeal o Energy-efficient appliances . On floor laundry rooms . Onsite recycling and bicycle racks . Ceiling fans and window tinting . Large closets (in-unit storage space) . Pet-friendly screening policies While other amenities add to construction costs and may not be eligible for reimbursement by affordable housing funding sources: Aside from regulating amenities, funding sources may also cap the amount available for construction. The maximum HUD subsidy limits for buildings with elevator construction in our area are: 3 Please note that these construction subsidy limits are to benefit households earning up to 80 percent of AMl. As an entitlement community, the City receives funds to develop and retain affordable housing. These funds include:o HOME lnvestment Partnership (HOME) o State Housing lnitiatives Program (SHIP) o Community Development Block Grants (CDBG) The entitlement funds above are awarded to the City based on formula and must benefit households earning up to 80 percent of AMI (or a maximum household income of $54,400 for a family of four). The City can also directly pursue additional federal funds serving these same households including:. Section 108 Loan (secured by the City's future HUD allocations) . Economic Development lnitiative Grant (competitive grant) . Onsite oarkino . Swimminq pools . Onsite securitv . Gvm/exercise rooms . Tot lots/olavorounds . Business centers . Balconies . Storm windows and hurricane shutters Maximum HUD Unit Subsidv3 OBR 1BR 2BR 3BR $127,279 $145,907 $177,422 $229.526 480 October 22,2014 City Commission Meeting Page 5 of 7 While income limits of up to 80 percent of AMI may apply, the City can also pursue funds through competitive grants from: o TD Charitable Foundation o Florida Community Loan Fund . Florida Housing Finance Corporation o Miami-Dade County Surtax Loan . Miami-Dade County HOME lnvestment Partnership o Tax-exempt bonds o State Apartment lncentive Loan (SAIL) The City can also finance construction via traditional mortgages that would be repaid from tenant rents or mixed developments that include the sale of units as a means of promoting home ownership in the community and thus potentially eliminating constraints on household income limits. Furthermore, the City can issue a Request For Proposals (RFP) seeking private investment to develop workforce housing in conjunction with the development of other public services, i.e. parking. Such partnerships can be further promoted via a variety of incentives to spur development including : o Allowing Accessory Dwelling Units (in conjunction with single-family homes so as to create adjunct housing units) o Adaptive Reuse (converting outmoded buildings such as hospitals, factories, train stations, etc.) . Commercial Linkage (requiring commercial and industrial developers to either build or fund housing in conjunction with proposed commercial developments)o Density Bonuses (offered in exchange for the inclusion of workforce units in a development project) o Waiver or Reductions of lmpact Fees (one of the most commonly used tactics)o lnclusionary Zoning (portion of constructed units are set aside for affordable homeownership) Finally, in some communities, crowd sourcing is being used as a viable capital tool. ln Washington, DC, a community that struggles to house its workers within city limits, a local developer has coupled the influence of the lntemet with the American dream to own property to sell shares in properties located in distressed neighborhoods. Many of the investors are long-time residents of the area who would otherwise never see themselves as investors - let alone property owners. While this approach is new in our country, it has been in place for several years in England where the high cost of property is a barrier to homeownership for many. Each sector of our community faces its own set of development challenges. ln South Beach, there are veryfew parcels of available land. Most of the available parcels have development plans and those remaining are too small to create meaningfully impactful developments. Acquisition costs will be significant because of market demand. ln Middle Beach (excluding the Collins Avenue corridorwhich is almostfullydeveloped), the neighborhood's single-family focus and limited multi-family developments make it challenging to develop projects that provide significant impact while also folding into the 481 October 22,2014 City Commission Meeting Page 6 of 7 surrounding neighborhood. This area is excluded from use of HUD funds because its census tracts significantly exceed 120 percent AMl. North Beach offers the best opportunityto pursue workforce housing developments despite its increasing acquisition costs. The area's current multi-family developments, lower income households and deteriorating housing stock combine to offer the best opportunities for meaningful new developments while also offering an opportunityforgreaterarea impact, i.e. creating jobs, addressing infrastructure gaps, addressing the food desert, spurring additional investment, etc. With land scarcity impacting plans, there are inherenteconomies of opportunitywhen pairing the development of workforce housing with the development or expansion of critical community services. While parking is the most obvious pairing, there are several others: . Municipalannex . Urban footprint grocery store . lntermodal center . Cultural programming space . Child care center . University/college campus . Commercialand retail stores . Community center As with any development, a survey of community needs and an assessment of development impacts should be conducted to ensure that projects fulfill a community purpose, serve as a catalyst for additional investment, and/or add to the overall character and sustainability of the neighborhood. When the preceding information was provided, the Neighborhoods/ Community Affairs Committee held a discussion and generated the following three motions: Motion #1 - Direct the Administration to open and market its waitlist for the London House Apartments and the five properties expected to be acquired from Miami Beach Community Development Corporation to working households meeting the U.S. Department of Housing and Urban Development (HUD) definition of income eligible eaming up to 80 percent of Area Median lncome (AMl). AMI for our area is currently $48,400 per year. Motion #2 - Direct the Administration to pursue the development of workforce housing for households earning 120 to 140 percent of AMI and utilize targeted marketing to prioritize service to households employed in education, public safety and municipal occupations. Motion #3 - Direct the Administration to explore the development of rental workforce housing on the west side of the Convention Center Parking Lot (P-Lot) to benefit households employed in education, public safetyand municipal occupations earning 120to 140 percent of AMl. At the Committee presentations, the Administration discussed the London House Apartments and the five properties currently owned by Miami Beach Community Development Corporation (MBCDC) for which the City has a Letter Of lntent to purchase. Currently, all of these properties have utilized HUD funds for acquisition and or rehabilitation. As a result, they must house households whose income does not exceed 80 percent of AMl. The Committee members affirmed the need for compliance with the HUD income limits for the London House Apartments and those properties anticipated to be acquired from MBCDC. Furthermore, the Committee directed the Administration to target income-eligible persons employed in the education, public safety and municipal industries when the City officially opens a tenant wait list for these properties. Targeted outreach is an allowable 482 October 22,2014 City Commission Meeting PageT ofT strategy. The Administration expects to undertake the opening of a waitlist within 90 days of the closing of the five properties under LOI to purchase. Targeted marketing can be employed to ensure that emphasis is placed on the workforce sectors noted. As to the income threshold for workforce housing, communities throughout the country have defined income eligibility in many different ways. The Committee's suggestion places an emphasis on households earning greater than the AMI and, specifically, those employed in the education, public safety and municipal industries. The higher AMI threshold, 120 to 140 percent, will preclude the use of HUD funds forthese households. Funding forthis effort may be pursued via public/private partnerships and private financing. ln addition, as mentioned at the September 24th meeting, the City may pursue the buyout of any HUD- or State-assisted funds invested in an affordable housing project (an approach for which we have not found local precedence). However, please note that doing so would also trigger the Universal Relocation Act and its relocation provisions for any tenant currently residing in these units. Therefore, while the City may reimburse affordable housing funds in some instances and reverse the affordable housing restriction on a property, it must also provide relocation assistance to affected tenants equivalent to 42 months' rent plus relocation expenses. This last approach is quite costly and can take up to a year. As to the Committee's final motion of exploring the incorporation of rental wokforce housing on the west side of the Convention Center parking lot, the current timing and anticipated benchmarks for the Convention Center project may be adversely impacted by such a pursuit at this time. Therefore, the Administration would need further direction on this point. CONCLUSION The Administration encourages compliance with HUD tenancy rules for the London House Apartments and the five properties anticipated to be acquired from MBCDC. Therefore, the Administration recommends the adoption of Motion #1. The Citywill need to create a tenant waitlist shortly after the final acquisition of these properties and the completion of the rehabilitation of the London House Apartments. The Administration is prepared to utilize target marketing to prioritize working households in the education, public safety and municipal industries, if directed. The Administration recommends adoption of Motion #2 to pursue the development of workforce housing for households employed in the education, public safety and municipal industries and earning 120 to 140 percent of AMl. Such exploration should include industry review meetings and the possible pursuit of public/private opportunities. Finally, Motion #3, the exploration of the development of rental workforce housing on the west side of the Convention Center Parking Lot (P-Lot) to benefit households employed in education, public safety and municipal occupations earning 120 to 140 percent of AMl, may impact to the Convention Center project timeline and the Administration is requesting directifffrom the Commission. JLM/KGB/MLR T:\AGENDA\2014\October\Neighborhoods Committee Workforce Housing Motions.doc 483 RESOLUTION NO. A RESOLUTION OF THE MAYOR AND C!ry COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE NEIGHBORHOODS/COMMUNITY AFFAIRS COMMITTEE AND DIRECTING THE CIry MANAGER TO UTILIZE TARGETED MARKETING TO PRIORITIZE PLACEMENT IN THE LONDON HOUSE APARTMENTS AND IN THOSE BUILDINGS ANTICIPATED TO BE ACQUIRED FROM MIAMI BEACH GOMMUNITY DEVELOPMENT CORPORATION, TO INCLUDE THE BARCLAY PLAZA APARTMENTS; LOTTIE APARTMENTS; MADELEINE VILLAGE APARTMENTS; ALLEN HOUSE APARTMENTS; AND NEPTUNE APARTMENTS; AND SPEGIFICALLY TARGETING THOSE HOUSEHOLDS EMPLOYED IN EDUCATION, PUBLIC SAFEry AND MUNICIPAL OCCUPATIONS AND EARNING uP TO ETGHTY PERCENT (80%) OF THE AREA MEDTAN TNCOME (AMr). WHEREAS, the Neighborhoods/Community Atfairs Committee (Committee) discussed workforce housing at its May 30,2014 meeting; and WHEREAS, the Committee continued its discussion of workforce housing at its September 24, 2014 meeting specifically addressing eligibility by income groups; and WHEREAS, on March 13, 2014, the City acquired the London House Apartments, located at 196511975 Washington Avenue, Miami Beach, Florida; and WHEREAS, on September 9, 2014, the City entered into a Letter of lntent (LOl) to acquire the following additional buildings from Miami Beach Community Development Corporation: property located at'1940 ParkAvenue, Miami Beach, Florida (Barclay Plaza Apartments); property located at 530 75th Street, Miami Beach, Florida (Lottie Apartments); property located at7871 Crespi Boulevard, Miami Beach, Florida (Madeleine Village Apartments); property located at 2001 Washington Avenue, Miami Beach, Florida (Allen House Apartments); and property located at 1632 Meridian Avenue, Miami Beach, Florida (Neptune Apartments); and WHEREAS, the London House Apartments and the buildings which are the subject of said LOI are the recipients of affordable housing funds from the U.S. Department of Housing and Urban Development (HUD) funds; and WHEREAS, HUD regulations require that beneficiary households may earn no more than 80 percent of area median income (AMl); and WHEREAS, the Allen House Apartments, also anticipated to be acquired pursuant to said LOl, utilized funding for Florida Housing Finance Corporation which restricts tenancy to elder residents only and is not included in this targeted marketing effort; and WHEREAS, the Committee recommended the provision of workforce housing for households employed in the targeted professions of education, public safety and municipal occupations as having the potential impact of promoting community stability and investment. NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CIry COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission hereby accept the recommendation of the Neighborhoods/Community Affairs Committee and direct the City Manager to utilize targeted marketing to prioritize placement in the London House Apartments and those buildings anticipated to be acquired from Miami Beach Community Development Corporation, to include the Barclay Plaza Apartments; London House Apartments; Lottie Apartments; Madeleine Village 484 Apartments; Allen House Apartments; and Neptune Apartments; and specifically targeting those households employed in the professions of education, public safety and municipal occupations and earning up to eighty percent (80%) of the area median income (AMl). PASSED AND ADOPTED this ATTEST: RAFAEL E. GRANADO, CITY CLERK -day ot 2014. PHILIP LEVINE, MAYOR APPROVED AS TO FORM & LANGUAGE & FOR EXECUTION 4& J$/,( Dote 485 RESOLUTION NO. A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE NEIGHBORHOODS/ GOMMUNITY AFFAIRS COMMITTEE AND DIRECTING THE CITY MANAGER TO PURSUE THE DEVELOPMENT OF WORKFORCE HOUSING FOR HOUSEHOLDS EARNING FROM oNE HUNDRED TWENW PERCENT (120%) TO ONE HUNDRED FORry PERCENT (140o/ol PERCENT OF AREA MEDIAN INCOME; AND FURTHER AUTHORIZING THE USE OF TARGETED MARKETING TO PRIORITIZE PLACEMENT OF THOSE HOUSEHOLDS EMPLOYED IN EDUCATION, PUBLIC SAFETY AND MUNICIPAL OCCUPATIONS. WHEREAS, workforce housing is defined as housing that costs no more than 30 percent of a household's income; and WHEREAS, the Neighborhoods/Community Affairs Committee (Committee) discussed workforce housing at its May 30, 2014 meeting and requested additional information from the Administration including tenant eligibility; and WHEREAS, the Committee continued its discussion of workforce housing at its September 24,2014 meeting specifically addressing eligible income levels; and WHEREAS, the City currently funds affordable housing for households earning up to 80 percent of Area Median lncome (AMl) utilizing U.S. Department of Housing and Urban Development (HUD) funds; and WHEREAS, the Committee determined that there is insufficient affordable housing for families earning 120o/o to 140% AMI and for those households employed in the education, public safety and municipal occupations; and WHEREAS, the City may acquire or jointly develop properties in the future that do not have the restrictions of HUD funds; and WHEREAS, the Committee stated that the provision of workforce housing for households employed in the targeted professions will promote community stability and investment. NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CIry COMMISSION OF THE Clry OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission hereby accept the recommendation of the Neighborhoods/Community Affairs Committee and direct the City Manager to pursue the development of workforce housing for households earning from one hundred twenty percent (120Yo) to one hundred forty percent (140Yo) of Area Median lncome (AMl); and further authorize the use of targeted marketing to prioritize placement of those households employed in education, public safety and municipal occupations. PASSED AND ADOPTED this _day of 2014. ATTEST: APPI?OVED AS TO FORM & LANGUAGE & FOR EXECUTION Rafael E. Granado, City Clerk Philip Levine, Mayor 486 RESOLUTION NO. A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAM! BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE NEIGHBORHOODS/ GOMMUNITY AFFAIRS COMMITTEE AND DIRECTING THE CITY MANAGER TO EXPLORE THE DEVELOPMENT OF WORKFORCE RENTAL HOUSING, TO BE LOCATED ON THE WEST SIDE OF THE CONVENTION CENTER PARKING LOT; FOR AND FOR THE DEVELOPED HOUSING TO BENEFIT HOUSEHOLDS EMPLOYED IN EDUCATION, PUBLIC SAFEry AND MUNIGIPAL OCCUPATIONS AND EARNING FROM ONE HUNDRED TWENTY PERCENT 1120o/ol rO ONE HUNDRED FORTY PERCENT (14O%l OF THE AREA MEDTAN TNCOME (AM!). WHEREAS, the Neighborhoods/Community Affairs Committee (Committee) discussed workforce housing at its May 30,2014 meeting; and WHEREAS, the Committee continued its discussion of workforce housing at its September 24,2014 meeting specifically addressing eligibility by income groups; and WHEREAS, the City currently funds affordable housing projects benefiting households earning up to 80 percent (80%) Area Median lncome (AMl), utilizing its U.S. Department of Housing and Urban Development (HUD) funds; and WHEREAS, the Committee determined that there is insufficient affordable housing for families earning from 120o/o to 140o/o percent of AMI; and WHEREAS, the Committee stated that the provision of workforce housing for households employed in the targeted professions of education, public safety and municipal occupations will promote community stability and investment; and WHEREAS, the Committee identified the west side of the Miami Beach Convention Center parking lot as a possible location for the development of workforce housing that would also compliment the redevelopment plans for this area; and WHEREAS, properties located in these targeted areas may be developed in a manner that does not have the HUD limitation of households earning up to 80 percent of AMl. NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND GITY COMMISSION OF THE Clry OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission hereby accept the recommendation of the Neighborhoods/Community Affairs Committee and direct the City Manager to explore the development of workforce rental housing, to be located on the west side of the Convention Center parking lot; and further authorize the use of targeted marketing to prioritize placement for the benefit of those households employed in education, public safety and municipal occupations earning from one hundred twenty per cent (120o/o) to one hundred forty percent (140%) of the Area Median lncome (AMl). PASSED AND ADOPTED this day ot 2014. ATTEST: APPI?OVED AS TO FORM & LANGUAGE & FOR EXECUTION Rafael E. Granado, City Clerk Philip Levine, Mayor ? =, ,,Gn - e/&!tCityAtlorney fir{lT mb-487