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 approximately 203 units of rental housing for elderly persons or families of low, moderate, or middle income. The County Commission was scheduled to consider this on July 21, 2026, but a deferral was requested to no specific date. A public hearing was held by the Housing Finance Authority on June 17, 2026, and no reason was found why the debt should not be issued. The Bonds are expected to be issued by September 2026.