HFA CLAUDE PEPPER PHASE I

Board of County Commissioners · 2026-07-21 · resolution

The Miami-Dade Board of County Commissioners adopted Resolution R-665-26 (Legislative Item File Number 261172) on July 21, 2026, approving the issuance of multifamily housing revenue debt obligations by the Housing Finance Authority of Miami-Dade County in an amount not to exceed $100,000,000.00. The proceeds will be loaned to Redwood CP Holdings I, LLC to finance a portion of the costs of the development of a multifamily housing rental project known as Claude Pepper – Phase I, located on an approximately 5.8 acre site at 1255-1525 NW 135th Street, North Miami, Miami-Dade County, Florida. The project will preserve or provide approximately 203 units of rental housing to be occupied by elderly persons or families of low, moderate or middle income. The resolution was adopted on July 21, 2026, following a public hearing conducted by the Authority on June 17, 2026, which disclosed no reason why the debt should not be issued. The Series 2026 Bonds are expected to be issued by September of 2026. The item was introduced on June 25, 2026, and a deferral was requested by Commissioner Bastien on July 20, 2026, but the final action was adoption on July 21, 2026. The document does not state any public comment or stakeholder sentiment beyond the statement that the public hearing disclosed no reason why the debt should not be issued.