HFA COLONY LAKES

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

The Board of County Commissioners of Miami-Dade County adopted Resolution R-667-26 (File Number 261174) on July 21, 2026, approving the issuance of multifamily housing revenue debt obligations by the Housing Finance Authority of Miami-Dade County in an amount not to exceed $32,680,000.00. The proceeds will be loaned to Colony Lakes Housing, L.P., a New York limited partnership, to finance a portion of the costs of the acquisition and rehabilitation of the Colony Lakes multifamily housing rental project. The project is located on an approximately 15 acre site at 1500 East Mowry Drive, Homestead, Miami-Dade County, Florida. The project will preserve or provide approximately 220 units of rental housing for persons or families of low, moderate or middle income. The Housing Finance Authority passed Resolution No. HFA 2026-10 on April 27, 2026, providing initial approval, and conducted a public hearing on June 17, 2026, which 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 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 8. The resolution was introduced on June 26, 2026, and the final action was on July 21, 2026. The staff recommendation was to approve. 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.