HFA CLAUDE PEPPER PHASE I

Board of County Commissioners · 2026-07-21 · resolution

This legislative item concerns the approval for the issuance of multifamily housing revenue debt obligations by the Housing Finance Authority of Miami-Dade County, Florida, in an amount not to exceed $100,000,000.00. The proceeds will be loaned to Redwood CP Holdings I, LLC, to finance the development of a multifamily housing rental project known as Claude Pepper – Phase I. The project is located on approximately 5.8 acres and will provide approximately 203 units of rental housing for elderly persons or families of low, moderate, or middle income. The Board of County Commissioners was scheduled to consider this on 7/21/2026, but a deferral was requested by Commissioner Bastien to no specific date. The Housing Finance Authority previously held a public hearing on June 17, 2026, which disclosed no reason why the debt should not be issued. The Bonds are expected to be issued by September 2026.