HFA CLAUDE PEPPER PHASE II

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

Resolution approving the issuance of up to $100,000,000 in multifamily housing revenue debt by the Housing Finance Authority of Miami-Dade County, Florida, loaned to Redwood CP Holdings II, LLC, to finance a portion of the costs of the development of Claude Pepper Phase II, a multifamily housing rental project on an approximately 5.2 acre site at 1255-1525 NW 135th Street, North Miami, Miami-Dade County, Florida, preserving or providing approximately 255 units of rental housing for low, moderate or middle income persons or families. The Board of County Commissioners adopted the resolution on 7/21/2026. A public hearing was conducted by the Authority on 6/17/2026, notice posted on or before 6/9/2026, and the hearing disclosed no reason why the debt should not be issued. The Series 2026 Bonds are expected to be issued by October of 2026. The resolution was introduced on 6/25/2026. A deferral was requested by Commissioner Bastien on 7/20/2026 to no date certain, but the final action was adoption on 7/21/2026. The project is located in District 2. The principal and interest on the bonds shall not constitute a debt, liability or general obligation of the HFA, County, the State of Florida or any political subdivision, but shall be the responsibility of the owner of the Project. The Authority has no taxing power. No public comment sentiment is stated in the document.