HFA CLAUDE PEPPER PHASE II

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. These funds will be loaned to Redwood CP Holdings II, LLC, to finance the development of a multifamily housing rental project named Claude Pepper – Phase II. The project is located on approximately 5.2 acres and will provide approximately 255 rental units for low, moderate, or middle-income individuals and families. The Board of County Commissioners was scheduled to take action on July 21, 2026, but a deferral was requested by Commissioner Bastien to no specific date. A public hearing was held on June 17, 2026, and no reasons were found to prevent the debt issuance. The Series 2026 Bonds are expected to be issued by October 2026.