HFA COLONY LAKES

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. The total amount authorized is not to exceed $32,680,000.00. These funds will be loaned to Colony Lakes Housing, L.P. to finance a portion of the acquisition and rehabilitation costs for a multifamily housing rental project known as Colony Lakes. The project is expected to preserve or provide approximately 220 units of rental housing for low, moderate, or middle-income individuals and families. The Board of County Commissioners is required to approve this issuance for purposes of Section 147(f) of the Internal Revenue Code of 1986, as amended, following a public hearing. The Housing Finance Authority passed its initial approval on April 27, 2026, and conducted a public hearing on June 17, 2026. The Board of County Commissioners' agenda date is July 21, 2026. The Bonds are expected to be issued by September of 2026.