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, in an amount not to exceed $100,000,000.00. The proceeds will be loaned to Redwood CP Holdings I, LLC, to finance a portion of the costs for the development of a multifamily housing rental project known as Claude Pepper – Phase I. The project is located on approximately 5.8 acres and will provide approximately 203 units of rental housing for elderly persons or families of low, moderate, or middle income. The Board of County Commissioners was scheduled to consider this on 7/21/2026, but a deferral was requested. The Bonds are expected to be issued by September 2026. The debt will be payable solely from revenues provided by the Borrower, not by the County.