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, not to exceed $100,000,000.00. The funds will be loaned to Redwood CP Holdings I, LLC, to finance a portion of the costs for the development of a multifamily housing rental project named Claude Pepper – Phase I. The project is located on approximately 5.8 acres and will provide around 203 rental housing units for elderly persons or low, moderate, or middle-income families. The County Commission agenda date was July 21, 2026, and a deferral was requested by Commissioner Bastien to no specific date. The Housing Finance Authority conducted 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.