HFA COLONY LAKES

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

The document is a legislative item for the Miami-Dade County Commission, File Number 261174, a Resolution (R-667-26) adopted on 7/21/2026. It approves the issuance of multifamily housing revenue debt obligations by the Housing Finance Authority of Miami-Dade County, Florida, in an amount not to exceed $32,680,000.00, to 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 resolution was introduced on 6/26/2026, the final action was on 7/21/2026, and the agenda date was 7/21/2026. The Housing Finance Authority passed Resolution No. HFA 2026-10 on April 27, 2026, providing initial approval. A public hearing was conducted on June 17, 2026, and disclosed no reason why the debt should not be issued. The Series 2026 Bonds are expected to be issued by September of 2026. The document does not state any public comment or stakeholder sentiment beyond the hearing disclosing no reason why the debt should not be issued.