HFA COLONY LAKES

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

The Miami-Dade Board of County Commissioners adopted Resolution R-667-26 (File Number 261174) on July 21, 2026, approving the issuance of up to $32,680,000 in multifamily housing revenue debt obligations by the Housing Finance Authority of Miami-Dade County. The proceeds will be loaned to Colony Lakes Housing, L.P., a New York limited partnership, to finance a portion of the costs of acquiring and rehabilitating the Colony Lakes multifamily rental project at 1500 East Mowry Drive, Homestead, Miami-Dade County, Florida, on an approximately 15-acre site. The project will preserve or provide approximately 220 units of rental housing for low, moderate, or middle-income persons or families. The Housing Finance Authority passed Resolution No. HFA 2026-10 on April 27, 2026, 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 2026. The debt is not a general obligation of the Authority, County, or State; it is payable solely from revenues provided by the borrower. The document does not state any public comment or stakeholder sentiment beyond the hearing disclosing no reason against issuance.