HFA CLAUDE PEPPER PHASE I

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

This legislative item concerns the approval for the issuance of multifamily housing revenue debt obligations by the Housing Finance Authority of Miami-Dade County, Florida, not to exceed $100,000,000.00. The funds will be loaned to Redwood CP Holdings I, LLC, to finance the acquisition and construction of a multifamily housing rental project named Claude Pepper – Phase I. The project is located on approximately 5.8 acres and will provide 203 rental units for elderly persons or families of low, moderate, or middle income. The County Commission was scheduled to consider this on July 21, 2026, but a deferral was requested by Commissioner Marleine Bastien to no specific date. A public hearing was held on June 17, 2026, and disclosed no reason why the debt should not be issued. The Bonds are expected to be issued by September 2026. The debt is not a general obligation of the County but is payable solely from project revenues.