Resolution 2025-33855 2025-33855
RESOLUTION NO.
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, APPROVING AND AUTHORIZING THE CITY
MANAGER TO ALLOCATE FY 2025-2026 STATE HOUSING INITIATIVES
PARTNERSHIP (SHIP) FUNDS IN THE AMOUNT OF $371,251.00 AS
FOLLOWS: (1) TO THE FIRST TIME HOMEBUYER PROGRAM AND
HOMEOWNER REHABILITATION PROGRAM IN THE AMOUNT OF
$289,126.00; (2) TO THE RENTAL ASSISTANCE PROGRAM IN THE
AMOUNT OF $45,000.00; (3) TO THE SHIP PROGRAM ADMINISTRATIVE
COSTS IN THE AMOUNT OF $37,125.00; AND FURTHER AUTHORIZING THE
CITY MANAGER AND CITY CLERK TO EXECUTE CITY
INTERDEPARTMENTAL AGREEMENTS AND OTHER AGREEMENTS TO BE
SIGNED BY SUB-RECIPIENTS.
WHEREAS, the City receives funding from the Florida Housing Finance Corporation
(FHFC) for the State Housing Initiatives Program (SHIP); and
WHEREAS, State Housing Initiatives Partnership (SHIP) Act, §420.907-420.9079,
Florida Statutes (1992), and Rule Chapter 67-37, Florida Administrative Code, requires local
governments to develop a one- to three-year Local Housing Assistance Plan (LHAP) outlining
how funds will be used; and
WHEREAS, the SHIP Program has specific guidelines for how funds are allocated and
expended: a minimum of 65 percent of funds must support homeownership activities such as
purchase assistance and homeowner rehabilitation; a minimum of 75 percent of funds must be
used for construction or rehabilitation; no more than 40 percent of funds must be used towards
moderate-income households earning over 80 percent Area Median Income (AMI); and no more
than ten percent of funds can be used for administrative purposes; and
WHEREAS, on March 19, 2025, the Mayor and City Commission approved Resolution
No. 2025-33563, approving the FY 25-28 LHAP; and
WHEREAS, FHFC notified the City of the FY 2025-2026 allocation, in the amount of
$371,251.00 that will become available after July 1, 2025, and will be disbursed in multiple
payments over the course of several months; and
WHEREAS, the Administration recommends allocating funds to the following activities:
(1) $289,126.00 toward purchase assistance with rehabilitation and
homeowner rehabilitation;
(2) 45,000.00 toward rental assistance;
(3) $37,125.00 toward administration; and
WHEREAS, the Administration intends to assist as many program-eligible households
as funding is available by notifying households currently on the waitlist for homebuyer programs
and rental assistance; and
WHEREAS, all FY 2025-2026 funds must be encumbered by June 30, 2027, and fully
expended by June 30, 2028; and
WHEREAS, the Administration recommends authorizing the City Manager to execute all
documents related to the selection and disbursement of funds to sub-recipient(s) selected for
the City's rental development rehabilitation project.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City
Commission hereby approve and authorize the City Manager to allocate FY 2025-2026
State Housing Initiative Partnership (SHIP) funds, in the amount of $371,251.00 as follows:
(1) $280,000.00 to the First Time Homebuyer Program and Homeowner Rehabilitation; (2)
$45,000.00 to the rental assistance program; and (3) $37,125.00 to the SHIP Program
Administration; and further authorize the City Manager and City Clerk to execute City
interdepartmental agreements and other agreements to be signed by sub-recipients.
PASSED and ADOPTED this � day of S�p�rn�✓ , 2025.
ATTEST: �
Steven Meiner, Mayor
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Rafael . Granado, City Clerk : �y�';
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APPROVED AS TO
FORM 8 LANGUAGE
& FOR EXECUTION
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City Attomey � Date
Resolutions -C7 F
1�i1 � A�/11 BEA� H
COMMISSION MEM7RANDUM
TO: Honorable Mayor and Members of the City Commission
FROM: Eric Carpenter, City Manager
DATE: September 3, 2025
TITLE: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, APPROVING AND/OR AUTHORIZING THE CITY
MANAGER TO PERFORM THE FOLLOWING ACTIONS: TO ALLOCATE FY 2025-
2026 S7ATE HOUSING INITIATIVES PARTNERSHIP (SHIP) FUNDS IN THE
AMOUNT OF $371,251.00 AS FOLLOWS: (1} TO THE FIRST TIME HOMEBUYER
PROGRAM AND HOMEOWNER REHABILITATION PROGRAM IN THE AMOUNT
OF $289,126.00; (2)TO THE RENTqL ASSISTANCE PROGRAM IN THE AMOUNT
OF $45,000.00; (3) TO THE SHIP PROGRAM ADMINISTRATIVE COSTS IN THE
AMOUNT OF $37,125.00; AND FURTHER AUTHORIZING THE CITY MANAGER
AND CITY CLERK TO EXECUTE CITY INTERDEPARTMENTAL AGREEMENTS
AND OTHER AGREEMENTS TO BE SIGNED BY SUB-RECIPIENTS.
RECOMMENDATION
The Admfnistration recommends approving the Resolution.
BACKGROUND/HISTORY
The State Housing Initiatives Partnership (SHIP) Program, administered through the Florida
Housing Finance Corporation (FHFC), was established in 1992 by the William E. Sadowski
Affordable Housing Act to stimulate the production of affordable housing statewide. SHIP Program
funds are derived from documentary stamp levies on real estate transactions and held in the SHIP
Program Trust Fund. Annually, FHFC allocates SHIP program funds among participating
jurisdictions on a formula basis. SHIP prog�am funds serve to increase access to affordable
housing for income-eligible participants.
Entitlement communities receiving SHIP funds must produce and file a Local Housing Assistance
Plan (LHAP), which governs each community's use of SHIP funds. On March 19, 2025, the Mayor
and City Commission approved the FY 2025-2028 LHAP via Resolution 2025-33563. The City's
2025-2028 Local Housing Assistance Plan determines the housing activities that can be funded
with all funding allacations. On August 7, 2025, the FHFC notified the Administration of the FY
25/26 appropriation.
The SHIP Program is governed by Florida Statute 420.9075. There are several programmatic set-
asides that must be met with each funding allocation:
� At least 65 pe�cent of the funds must be reserved for homeownership for eligible persons;
� At least 75 percent of the funds must be reserved for construction, rehabilitation, or emergency
repair of affordable, eligible housing;
� At least 30 percent of the funds deposited into the local housing assistance trust fund must be
reserved for awards to very-low-income persons (up to 50 percent area median income (AMI));
� At least an additional 30 percent of the funds deposited into the local housing assistance trust
fund must be reserved for awards to low-income persons (up to 80 percent AMI);
• A minimum of 20 percent of the SHIP allocation must be used to serve persons with special
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needs as defined in 420.0004 Florida Statutes; and
� Up to 25 percent of allocation can be reserved for rental assistance or development.
Using a population-based formula, SHIP funds are allocated on an entitlement basis to all 67
counties and 55 Community Development Block Grant entitlement cities in Florida. On June 24,
2024, the Florida Housing Finance Corporation (FHFC) anr �nced that $174,000,000 has been
appropriated for the SHIP program for the 2025-2026 st �te fiscal year. The Ciry has been
allocated $371,251.00. These funds must be encumbered t, .�une 30, 2027, and fully expended
by June 30, 2028.
Wherever possible, the City continues to leverage available resources by coordinating local, state,
and federal funding streams—such as SHIP, HOME, and HOME-ARP—to extend the reach and
effectiveness of its housing programs. Through thoughtful layering of funding, partnerships with
community organizations, and strategic program design, the Administration ensures that limited
dollars go further in addressing the diverse and growing housing needs of the community.
ANA�YSIS
Currently, a total of$530,000 in funding from FY 2022-2023, FY 2023-2024, and FY 2024-2025
has been encumbered to support nine (9) eligible applicants in the FKst-Time Homebuyers
Program and two (2) applicants in the Homeowner Rehabilitation Program, with $530,000 and
$140,000 allocated respectively.
The funding allocation for FY 2025-2026 totals $371,251.00 and is distributed as follows:
• $289,126.00 to the First-Time Homebuyer Program and Homeowner Rehabilitation
Program,
• $45,000.00 to the Rental Assistance Program, and
• $37,125.00 to SHIP Program administrative costs.
This FY 202�2026 funding is projected to assist:
• Five (5) households through the First-Time Homebuyer Program,
• One (1) household through the Homeowner Rehabilitation Program, and
• A minimum of nine (9) households through the Rental Assistance Program.
The Administration reviews applications for first-time homebuyer and homeowner rehabilitation
programs on a first come, first qualified basis. According to available funding sources, it
determines the award amount based on need and inccme level. The HOME Program can only
assist households earning up to 80°/a AMI with up to $40,000, while the SHIP Program can help
households earning up to 120°/o AMI. Income-eligible households may receive between $40,000
to $150,000 in down payment assistance, depending on their household income and contingent
upon funding availability. Funds are provided to eligible residents as a deferred forgivable loan
secured by a lien and restrictive covenant on the property. If a homeowner sells, rents, or
refinances hislher property or the property is no longer the primary residence prior to the 15-year
affordability period, he/she must repay the City the value of the assistance as defined in the City's
restrictive covenant, promissory note, program agreement, and mort�age agreement.
The Administration continues to worlc with prospective buyers and homeowners to assess their
income qualification and program eligibility. Once a household is approved, funds are
encumbered for a minimum of 90 days, and an extension can be provided if the applicant remains
income eligible.
In the past five (5) years, the Administration has recommended funding allocations for down
payment assistance with rehabilitation costs for first-time homebuyers, homeowner rehabilitation
assistance, and the rehabilitation of multi-family rental housing projects. However, funding
available for rental assistance programs in the community has significantly dwindled. At the same
time, the demand for rental assistance remains high, as demonstrated by the City's current
waitlist. The need for affordable rental housing and supportive services continues to outpace
available resources. In response, the Administration recommends funding rental assistance
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activities to help meet this ongoing need.
To address the varying needs of low- and moderate-income residents, the City will strategically
utilize both HOME Tenant-Based Rental Assistance (TBRA)funding and SHIP resources. HOME
TBRA funds will be targeted to assist households earning at or below 60°/a of the Area Median
Income(AMI), providing essential re,.i. , suppo�t to the community's most economically vulnerable
residents. Meanwhile, SHIP funds w�►I �upport households with incomes between 80% and 120%
of AMI with up to $5,000 in rental ass�stance—helping moderate-income families who may not
qualify for other forms of assistance but still face signiflcant housing cost burdens. By aligning
these funding sources based on income eligibility, the City can serve a broader range of residents
while ensuring compliance with program requirements and maximizing impact. Additionally,
HOME-ARP (Home Investment Partnerships — American Rescue Plan) funds are available for
application fee reimbursement to households earning at or below 80 percent AMI.
The City remains committed to maximizing the impact of all available housing resources.
Wherever possible, the administration actively leverages local, state, and federal funding
streams—such as SHIP, HOME, and ARP funds—to extend the reach of its housing programs to
the highest number of eligible residents. By coordinating funding sources, layering subsidies, and
partnering with community organizations, the City ensures that limited dollars go further in
addressing the diverse housing needs of the community.
FISCAL IMPACT STATEMENT
$371,251 FY SHIP FY 25-26
Does this Ordinance require a Business Imaact Estimate?
(FOR ORDINANCES ONLY)
If applicable, the Business Impact Estimate (BIE) was published on:
See BIE at: hfitps://www.miamibeachfl.qov/city-hall/citv-cle�k/meetinq-notices/
FINANCIAL INFORMATION
152-0530-000349-00-404-534-00-00-00-57210
CONCLUSION
The Administration recommends approval of the FY 2025-2026 SHIP funding allocation.
SUPPORTING SURVEY DATA
The Mayor and City Commission identified the need for workforce and affordable housing as a
key objective in the City's 2019 Strategic Plan Through the Lens of Resilience. The City's 2040
Comprehensive Plan prioritizes affordable housing, with the express goal "to encourage
redevelopment that provides workforce and affordable housing" within the City."
Applicable Area
Citywide
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Is this a "Residents Riqht to Know" item, Is this item related to a G.O. Bond
pursuant to Citv Code Section 2-17? Project?
No No
Was this Aqenda Item initiallv requested bv a lobbyist which, as defined in Code Sec. 2-481,
includes a principal enqaqed in lobbvinq? No
If so, specify the name of lobbyist(s) and principal(s):
Department
Housing and Community Services
Sponsor(s)
Co-sponsor(s)
Condensed Title
Approve Altocation of FY 2025-2026 SHIP Funds. HCS
Previous Action (For Citv Clerk Use Only)
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