HFA CLAUDE PEPPER PHASE II

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

The Board of County Commissioners adopted Resolution R-664-26 (File Number 261171) 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. The proceeds will be loaned to Redwood CP Holdings II, LLC to finance a portion of the costs of the acquisition and construction 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. 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 introduced on 6/25/2026, a deferral was requested by Commissioner Bastien on 7/20/2026, and the final action was adoption on 7/21/2026. The Series 2026 Bonds are expected to be issued by October of 2026. A TEFRA public hearing was held by the Authority on June 17, 2026, and disclosed no reason why the debt should not be issued. The debt and interest shall not constitute a debt, liability or general obligation of the Authority, the County, or the State of Florida, and shall be payable solely from revenues provided by the Borrower. The project is located in District 2. The applicant/developer/owner is Redwood CP Holdings II, LLC. The case/file number is 261171, with reference R-664-26. The zoning or use change is not stated. The business opportunity for contractors is the new construction of a multifamily housing rental project with approximately 255 units on a 5.2 acre site, financed by up to $100,000,000 in bond proceeds. Grounding note: All facts are from the document text; no information on zoning change, specific construction trades, or public comment sentiment beyond the TEFRA hearing result is stated.