Accept $66,791 in state housing partnership funds for fiscal year 2023-24

AGENDA ITEM SUMMARY FORM File ID: #17303 Date: 02/28/2025 Requesting Department: Department of Housing and Community Development Commission Meeting Date: 04/10/2025 Sponsored By: City Commission District Impacted: All Type: Resolution Subject: Authorize Acceptance - Additional SHIP Funds FY'2023-24 Purpose of Item: A RESOLUTION OF THE MIAMI CITY COMMISSION, AUTHORIZING THE ACCEPTANCE OF ADDITIONAL STATE HOUSING INITIATIVES PARTNERSHIP (“SHIP”) FUNDS IN THE AMOUNT OF $66,791.00 FOR STATE FISCAL YEAR 2023- 2024, FOR THE STRATEGIES UNDER THE CURRENT SHIP LOCAL HOUSING ASSISTANCE PLAN (“LHAP”); FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, ANY AND ALL DOCUMENTS INCLUDING AMENDMENTS, RENEWALS, EXTENSIONS, AND MODIFICATIONS, AS MAY BE NECESSARY, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS. Background of Item: In July 1992, the State of Florida enacted the William e. Sadowski Affordable Housing Act (“Sadowski Act”) which allocates a portion of new and existing documentary stamp taxes, which were paid on the transfer of real estate, to local governments for the development and maintenance of affordable housing. The Sadowski Act provides a dedicated revenue source for affordable housing, and it has created the Florida State Housing Initiative Partnership (“SHIP”) program. Pursuant to Resolution No. 23-0276 adopted on June 22, 2023, the Miami City Commission approved the amount of $3,366,752.00 for State Fiscal Year 2023-2024 for the strategies under the current SHIP Local Housing Assistance Plan (“LHAP”) the City of Miami (“City) allowing the City’s continued participation in the SHIP program On February 19, 2025, the Florida Housing Finance Corporation notified the City of Miami (“City”) of an additional allocation in the total amount of $66,791.00, for a total allocation of $3,433,543.00 for State Fiscal Year (“FY”) 2023-2024. The City Administration recommends the acceptance of the additional SHIP funds in the amount of $66,791.00 for FY 2023-2024 for the strategies under the current SHIP LHAP. Budget Impact Analysis Item has NOT an Expenditure Item is NOT Related to Revenue Item is NOT funded by Bonds Total Fiscal Impact: Total Fiscal Impact: $66,791.00 Reviewed By Department of Housing and Community Development Victor Turner Department Head Review Completed 02/28/2025 2:10 PM Office of Management and Budget Luis Hernandez-Torres Budget Analyst Review Completed 03/06/2025 9:55 AM Office of Management and Budget Marie Gouin Budget Review Completed 03/06/2025 8:50 PM City Manager’s Office Larry M. Spring Assistant City Manager Review Completed 03/18/2025 11:00 AM City Manager’s Office Natasha Colebrook-Williams Deputy City Manager Review Completed 03/18/2025 1:46 PM City Manager’s Office Arthur Noriega V City Manager Review Completed 03/18/2025 2:51 PM Legislative Division Valentin J Alvarez Legislative Division Review Completed 03/18/2025 4:50 PM Office of the City Attorney Raymond Pereira ACA Review Completed 03/26/2025 6:16 PM Office of the City Attorney George K. Wysong III Approved Form and Correctness Completed 03/31/2025 4:05 PM City Commission Todd B. Hannon Meeting Pending 04/10/2025 9:00 AM City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com City of Miami Legislation Resolution File Number: 17303 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION, AUTHORIZING THE ACCEPTANCE OF ADDITIONAL STATE HOUSING INITIATIVES PARTNERSHIP (“SHIP”) FUNDS IN THE AMOUNT OF $66,791.00 FOR STATE FISCAL YEAR 2023- 2024, FOR THE STRATEGIES UNDER THE CURRENT SHIP LOCAL HOUSING ASSISTANCE PLAN (“LHAP”); FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, ANY AND ALL DOCUMENTS INCLUDING AMENDMENTS, RENEWALS, EXTENSIONS, AND MODIFICATIONS, AS MAY BE NECESSARY, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS FOR SAID PURPOSE. WHEREAS, in July 1992, the State of Florida enacted the William E. Sadowski Affordable Housing Act (“Sadowski Act”) which allocates a portion of new and existing documentary stamp taxes, which were paid on the transfer of real estate, to local governments for the development and maintenance of affordable housing; and WHEREAS, the Sadowski Act provides a dedicated revenue source for affordable housing, and it has created the Florida State Housing Initiative Partnership (“SHIP”) program; and WHEREAS, pursuant to Resolution No. 23-0276, adopted on June 22, 2023, the Miami City Commission approved the amount of $3,366,752.00 for State Fiscal Year 2023-2024 for the strategies under the current SHIP Local Housing Assistance Plan (“LHAP”) the City of Miami (“City) allowing the City’s continued participation in the SHIP program; and WHEREAS, on February 19, 2025, the Florida Housing Finance Corporation notified the City of an additional allocation in the total amount of $66,791.00, for a total allocation of $3,433,543.00 for State Fiscal Year (“FY”) 2023-2024; and WHEREAS, the City Administration recommends the acceptance of the additional SHIP funds in the amount of $66,791.00 for FY 2023-2024 for the strategies under the current SHIP LHAP;

NOW, THEREFORE,

BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The acceptance of additional SHIP funds, in the total amount of $66,791.00 for FY 2023-2024, for the strategies under the current SHIP LHAP is authorized.1 1 The herein authorization is further subject to compliance with all legal requirements that may be imposed, including but not limited, to those prescribed by applicable City Charter and City Code provisions. Section 3. The City Manager is authorized¹ to negotiate and execute any and all necessary documents, including amendments, renewals, extensions, and modifications, all in forms acceptable to the City Attorney, subject to all federal, state and local laws that regulate the use of such funds for said purpose. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor2. APPROVED AS TO FORM AND CORRECTNESS: 2 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission.