RESOLUTION FOR CHANGING CERTAIN CONDO LENDING REQUIREMENTS

Board of County Commissioners · 2026-06-02 · resolution

The document is a resolution adopted by the Miami-Dade County Commission commending the Federal Housing Finance Agency for changing certain condominium lending requirements in Florida, and Congressman Byron Donalds and the Miami Association of Realtors for their advocacy. The resolution directs the County Mayor or designee to partner with the Miami Association of Realtors to disseminate information about the changes to County employees and the community, and requires a report within 90 days of the effective date. The change allows Florida lenders to return to traditional national lending terms with down payments ranging from three to five percent, effective August 3, 2026. The resolution was introduced on 4/30/2026, forwarded with a favorable recommendation by the Housing Committee on 5/12/2026, and adopted on 6/2/2026. File Number: 260789. Reference: R-501-26. No specific project, site, or development is described.