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, not to exceed $100,000,000. The funds will be loaned to Redwood CP Holdings II, LLC, to finance the development of a multifamily housing rental project named Claude Pepper – Phase II. The project is located on approximately 5.2 acres and will provide approximately 255 rental units for low, moderate, or middle-income individuals and families. The Board of County Commissioners was asked to approve this issuance for purposes of Section 147(f) of the Internal Revenue Code. The item was introduced on 6/25/2026, with an agenda date of 7/21/2026. A deferral was requested by Commissioner Bastien to no specific date. A public hearing was held on 6/17/2026, and no reason was found why the debt should not be issued. The Bonds are expected to be issued by October 2026.