HFA COLONY LAKES

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

The Board of County Commissioners of Miami-Dade County adopted Resolution R-667-26 (File Number 261174) 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 $32,680,000.00. The proceeds will be loaned to Colony Lakes Housing, L.P., a New York limited partnership, to finance a portion of the costs of the acquisition and rehabilitation of a multifamily housing rental project known as Colony Lakes. The project is located on an approximately 15 acre site at 1500 East Mowry Drive, Homestead, Miami-Dade County, Florida. The project will preserve or provide approximately 220 units of rental housing to be occupied by persons or families of low, moderate or middle income. The Housing Finance Authority passed Resolution No. HFA 2026-10 on April 27, 2026, providing initial approval of the issuance of the Debt. The Authority conducted a public hearing on June 17, 2026, notice of which was posted on or before June 9, 2026 on the Authority's website, and such public hearing disclosed no reason why the Debt should not be issued. The Series 2026 Bonds are expected to be issued by September of 2026. The principal and interest on the Bonds shall not constitute a debt, liability or a general obligation of the HFA, County, the State of Florida or any political subdivision of each, but shall be the responsibility of the owner of the Project. The project is located in District 8. No public comment or stakeholder sentiment is stated in the document.