HFA CLAUDE PEPPER PHASE I

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

Resolution approving issuance of up to $100,000,000 in multifamily housing revenue debt obligations by the Housing Finance Authority of Miami-Dade County, loaned to Redwood CP Holdings I, LLC, to finance a portion of costs for the Claude Pepper Phase I multifamily rental project. The project is on an approximately 5.8 acre site at 1255-1525 NW 135th Street, North Miami, Miami-Dade County, Florida. It will preserve or provide approximately 203 units of rental housing for elderly persons or families of low, moderate or middle income. The resolution was adopted on 7/21/2026. A deferral was requested by Commissioner Bastien on 7/20/2026 to no date certain, but the final action was adoption. The public hearing on 6/17/2026 disclosed no reason why the debt should not be issued. The Series 2026 Bonds are expected to be issued by September 2026. The debt is not a general obligation of the Authority, County, or State; it is payable solely from revenues provided by the borrower.