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LTC 257-2008 Affordable Housing WorkshopRFrFI~,lf=(~ 1 \'v l I AM I B EAC H ZCOB GCT -9 AM 1 I~ 26 OFFICE OF THE CITY MANAGER NO. LTC # 257-2008 LETTER TO COMMISSION TO: Mayor Matti Herrera Bower and Members of the City Commission FROM: Jorge M. Gonzalez, City Manager DATE: October 9, 2008 \ SUBJECT: Affordable Housing Workshop The purpose of this LTC is to provide the Mayor and City Commission with the agenda for the Affordable Housing Workshop, which is scheduled for Wednesday, October 15th at 2:00 p.m. in the City Commission Chambers. If you ha any questions, please feel free to contact me. JMG/h~M ATTACHMENT C: Jose Smith, City Attorney Bob Parcher, City Clerk Hilda Fernandez, Assistant City Manager Anna Parekh, Housing & Community Development Director m `~11AN11BEACH CITY COMMISSION WORKSHOP AFFORDABLE HOUSING October 15, 2008 2:00 p.m. Commission Chambers 1700 Convention Center Drive, 3`d Floor 1. What is Affordable Housing? 2. Housing Affordability on Miami Beach 3. Funding mechanisms for Affordable Housing 4. City's Role in Affordable Housing funding and development a. Funding Programs/eligible funding activities b. Available Funding c. Funding allocation process i. Role of Division ii. Role of Committees d. Methodologies to secure affordability 5. Role of external entities in Affordable Housing Development 6. Challenges of Affordable Housing development vs. market-rate housing development 7. MBCDC's role in the development of affordable housing and process