HFA CLAUDE PEPPER PHASE II

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

Resolution approved by the Miami-Dade Board of County Commissioners on 7/21/2026, authorizing the Housing Finance Authority of Miami-Dade County to issue up to $100,000,000 in multifamily housing revenue debt obligations for the Claude Pepper Phase II project. The debt proceeds will be loaned to Redwood CP Holdings II, LLC to finance acquisition and construction of a multifamily rental housing project on an approximately 5.2 acre site at 1255-1525 NW 135th Street, North Miami, Miami-Dade County, Florida. The project will preserve or provide approximately 255 units of rental housing for low, moderate, or middle income persons or families. The resolution was adopted on 7/21/2026, with a deferral requested by Commissioner Bastien on 7/20/2026 to no date certain, but the final action was adoption. The public hearing held by the HFA on 6/17/2026 disclosed no reason why the debt should not be issued. The Series 2026 Bonds are expected to be issued by October 2026.