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. The 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 units of rental housing for low, moderate, or middle-income individuals and families. The County Commission was scheduled to consider this item, but a deferral was requested. The Housing Finance Authority previously held a public hearing on June 17, 2026, which disclosed no reason why the debt should not be issued. The Bonds are expected to be issued by October 2026. Public comment is not detailed in this document.