HFA CLAUDE PEPPER PHASE II

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

The Board of County Commissioners of Miami-Dade County adopted Resolution R-664-26 (File Number 261171) 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 II, LLC to finance a portion of the costs of 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 June 25, 2026, and the final action was adoption on July 21, 2026. The Series 2026 Bonds are expected to be issued by October of 2026. A public hearing was held by the HFA on June 17, 2026, and disclosed no reason why the debt should not be issued. The debt will not constitute a debt, liability, or general obligation of the Authority, the County, or the State of Florida, and will be payable solely from revenues provided by the Borrower. The document does not state any public comment or stakeholder sentiment beyond the statement that the public hearing disclosed no reason why the debt should not be issued.