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 obligations by the Housing Finance Authority of Miami-Dade County, Florida, for a loan to Redwood CP Holdings II, LLC, to finance a portion of the costs of the development of a multifamily housing rental project known as Claude Pepper Phase II. The project is located on an approximately 5.2 acre site at 1255-1525 NW 135th Street, North Miami, Miami-Dade County, Florida. The project will preserve or provide approximately 255 units of rental housing for persons or families of low, moderate or middle income. The resolution was adopted by the Board of County Commissioners on 7/21/2026. The public hearing held by the Authority on 6/17/2026 disclosed no reason why the debt should not be issued. The Series 2026 Bonds are expected to be issued by October of 2026. The debt is not a general obligation of the Authority, County, or State, and is payable solely from revenues provided by the borrower.