HFA CLAUDE PEPPER PHASE II

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

This legislative item concerns the approval of multifamily housing revenue debt obligations for Claude Pepper Phase II. The Housing Finance Authority of Miami-Dade County is authorized to issue debt not to exceed $100,000,000, which will be loaned to Redwood CP Holdings II, LLC, to finance the development of a multifamily housing rental project. 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 item was introduced on 6/25/2026, with an agenda date of 7/21/2026. A deferral was requested by Commissioner Bastien to no specific date. A public hearing was held on 6/17/2026, and no reasons were found to prevent the debt issuance. The Bonds are expected to be issued by October 2026. The debt is payable solely from project revenues and does not represent an obligation of the County.