HFA CLAUDE PEPPER PHASE I

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

Miami-Dade County Board of County Commissioners is considering a resolution to approve the issuance of multifamily housing revenue debt obligations, not to exceed $100,000,000.00, by the Housing Finance Authority of Miami-Dade County. The proceeds will be loaned to Redwood CP Holdings I, LLC, to finance the development of a multifamily housing rental project named Claude Pepper – Phase I. The project is located on approximately 5.8 acres and will provide about 203 rental units for elderly persons or families of low, moderate, or middle income. A public hearing was held on June 17, 2026, and no reason was found why the debt should not be issued. The Bonds are expected to be issued by September of 2026. The debt will be payable solely from project revenues and not constitute an obligation of the County.