HFA CLAUDE PEPPER PHASE I

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

The Miami-Dade County Board of County Commissioners adopted Resolution R-665-26 (File Number 261172) on July 21, 2026, approving the issuance of up to $100,000,000 in multifamily housing revenue debt obligations by the Housing Finance Authority of Miami-Dade County. The proceeds will be loaned to Redwood CP Holdings I, LLC to finance a portion of the costs of the development of Claude Pepper Phase I, a multifamily housing rental project. The project is located on an approximately 5.8 acre site at 1255-1525 NW 135th Street, North Miami, Miami-Dade County, Florida. The project will preserve or provide approximately 203 units of rental housing to be occupied by elderly persons or families of low, moderate or middle income. The resolution was introduced on June 25, 2026, and a deferral was requested by Commissioner Bastien to no date certain, but the final action was adoption on July 21, 2026. The public hearing was held by the HFA 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 September of 2026. The debt is not a general obligation of the County or State, and is payable solely from revenues provided by the borrower.