HFA CLAUDE PEPPER PHASE II

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

The Board of County Commissioners adopted Resolution R-664-26 (File Number 261171) on 7/21/2026, approving the issuance of up to $100,000,000 in multifamily housing revenue debt obligations by the Housing Finance Authority of Miami-Dade County. The proceeds will be loaned to Redwood CP Holdings II, LLC to finance a portion of the costs of acquisition and construction of Claude Pepper Phase II, a multifamily housing rental 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 persons or families of low, moderate or middle income. The resolution was introduced on 6/25/2026 and adopted on 7/21/2026. The Series 2026 Bonds are expected to be issued by October of 2026. A deferral to no date certain was requested by Commissioner Bastien on 7/20/2026, but the final action was adoption on 7/21/2026. The public hearing held by the HFA on 6/17/2026 disclosed no reason why the debt should not be issued. The debt shall not constitute a debt, liability or general obligation of the Authority, the County, or the State of Florida, and shall be payable solely from revenues provided by the Borrower.