HFA CLAUDE PEPPER PHASE II

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, for the Claude Pepper Phase II project. The total amount of debt will not exceed $100,000,000. The proceeds will be loaned to Redwood CP Holdings II, LLC, to finance a portion of the costs for the acquisition and construction of a multifamily housing rental project. The project is expected to provide approximately 255 rental housing units for low, moderate, or middle-income persons or families. The Board of County Commissioners was scheduled to consider this on July 21, 2026, but a deferral was requested. A public hearing was held on June 17, 2026, and disclosed no reason why the debt should not be issued. The Series 2026 Bonds are expected to be issued by October 2026.