HFA CLAUDE PEPPER PHASE II

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

Resolution approved by the Board of County Commissioners on 7/21/2026, authorizing the Housing Finance Authority of Miami-Dade County to issue multifamily housing revenue debt obligations not to exceed $100,000,000 for the Claude Pepper Phase II project. The proceeds will be loaned to Redwood CP Holdings II, LLC to finance a portion of the acquisition and construction costs of 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 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 Authority 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.