HFA CLAUDE PEPPER PHASE II

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

This legislative matter 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. These funds will be loaned to Redwood CP Holdings II, LLC, to finance a portion of the costs for the development of a multifamily housing rental project known as Claude Pepper – Phase II. The project is located on approximately 5.2 acres at 1255-1525 NW 135th Street, North Miami. The project will provide approximately 255 units of rental housing for low, moderate, or middle-income persons or families. The Board of County Commissioners was scheduled to consider this on July 21, 2026, but a deferral was requested by Commissioner Marleine Bastien to no date certain. A public hearing was held on June 17, 2026, and disclosed no reason why the debt should not be issued. The Series 2026 Bonds are expected to be issued by October 2026.