File Name: BONDS TO PROVIDE REVENUES TO ADDRESS AFFORDABLE HOUSING NEED
Final Action: 11/28/2006
Agenda Date: 11/28/2006
Agenda Item Number: 11A18
RESOLUTION DIRECTING COUNTY MANAGER TO EXPLORE ISSUANCE OF BONDS TO PROVIDE IMMEDIATE REVENUES TO ADDRESS AFFORDABLE HOUSING NEEDS OF LOW-INCOME AND VERY LOW-INCOME INDIVIDUALS [SEE ORIGINAL ITEM UNDER FILE NO. 062882]
Dorrin D. Rolle, Prime Sponsor
Barbara J. Jordan, Co-Sponsor
Sen. Javier D. Souto, Co-Sponsor
Dennis C. Moss, Co-Sponsor
Audrey M. Edmonson, Co-Sponsor
Jose "Pepe" Diaz, Co-Sponsor
Board of County Commissioners
Community Empowerment & Econ. Revitalization Cmte.
Forwarded to BCC with a favorable recommendation with committee amendment(s)
Assistant County Attorney Jess McCarty read the foregoing proposed resolution into the record.
Ms. Cynthia Curry, Senior Advisor to the County Manager, provided an overview of the proposed resolution and advised that she was not prepared to provide a definite answer or recommendation on this resolution.
Commissioner Sorenson noted she supported this proposed resolution, which was prepared in response to a direct request from affordable housing advocates and was very responsive. She asked that the legal issues involving the use of Documentary Surtax funds and the County’s General be considered as a funding mechanism and that other funding sources be identified as well.
Chairman Rolle noted this item responded to a need in the community, and even though this was not a public hearing, he would allow comments/input from the public.
Chairman Rolle explained the intent of the foregoing proposed resolution and his intent to bring forth a mechanism as quickly as possible to address affordable housing needs.
Ms. Curry noted that Miami Workers Center representatives were present at today’s meeting. She noted staff had met with them and heard their concerns. Ms. Curry noted this resolution would involve significant review and insight regarding the flow of Documentary Surtax funds.
Mr. Herschel Hayes, Chairman, Model City Homeowners Association and co-Chairman, Neighborhood United, appeared before the Committee, and expressed appreciation to Committee members for being receptive to the concerns regarding affordable housing, especially, Chairman Rolle for his vision and knowledge of the housing conditions within Commission Districts 2 and 3. Mr. Hayes indicated that the Association was grateful that the County was moving in the right direction.
Ms. Daisy Perez, a resident of a mobile home park and as representative of Acorn Coalition, appeared before the Committee in support of this proposed resolution. She expressed appreciation to Chairman Rolle for responding to the affordable housing crisis.
Mr. Aaron Dorfman, Executive Director, PACK, appeared before the Committee in support of this proposed resolution.
Ms. Caprice Brown, 825 NW 125 Street, appeared before the Committee in support of this resolution. She expressed appreciation to Chairman Rolle for listening to the coalition concerns regarding the $200 million for affordable housing. She said she was hopeful that the Miami-Dade Housing Agency (MDHA) would manage funding properly and utilize it for low-income housing.
Ms. Gloria Atkins, 251 NW 30 Street, appeared before the Committee in support of this proposed resolution. She also expressed her appreciation to Chairman Rolle and Committee members for their efforts to address affordable housing within this community.
Mr. Carmen Garcia appeared before the Committee in support of the foregoing proposed resolution.
Ms. Sue Mache (phonetic), Miami Workers’ Center, 6127 NW 7 Avenue, appeared before the Committee and spoke in support of the foregoing proposed resolution. She noted the need for oversight to ensure accountability and to establish benchmarks.
Mr. Anthony Colon, Director of Public Policy for the Human Services Coalition, appeared before the Committee, and spoke in support of the foregoing proposed resolution.
Commissioner Jordan requested she be listed as a cosponsor on the foregoing proposed resolution. She asked Ms. Curry to outline the obligation of the Documentary Surtax in terms of moving this resolution forward.
Following Commissioner Jordan’s comments, Ms. Curry addressed the use of Surtax funds as a funding source to pay debt service on bonds. She recommended that Committee members avoid stating a specific amount for the bond issue at today’s meeting, and asked that the proposed resolution be amended to provide that the report be delivered at the end of the year, rather than in 45 days. Ms. Curry noted staff was moving forward and was supportive of this resolution.
Chairman Rolle relinquished the Chair to Vice Chairwoman Jordan. He asked that this resolution be amended to direct the County Manager to prepare a report to be delivered within 60 days, in lieu of 45 days.
Hearing no further questions or comments, the Committee by motion duly made, seconded and carried, forwarded the foregoing proposed resolution to the Board of County Commissioners with a favorable recommendation as amended.
RESOLUTION DIRECTING COUNTY MANAGER TO EXPLORE ISSUANCE OF BONDS TO PROVIDE IMMEDIATE REVENUES TO ADDRESS AFFORDABLE HOUSING NEEDS OF LOW-INCOME AND VERY LOW-INCOME INDIVIDUALS
WHEREAS, on September 20, 2006, during the Board of County Commissioner's second Budget meeting, several members of the County Coalition for Emergency Housing (the "Coalition") appeared before the Board and requested that the Board budget $200,000,000 to fund various programs to address affordable housing needs for low-income and very low-income individuals, which programs included a Rental Voucher Assistance Program and a Low-Income Housing Production program; and
WHEREAS, this Board desires to direct the County Manager to explore the issuance of bonds to provide immediate revenues to address the affordable housing needs of low income and very low income individuals and to prepare a report outlining such alternatives,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MIAMI-DADE COUNTY, FLORIDA, that this Board directs the County Manager to prepare a report to be delivered within 60 days that explores the feasibility of issuing bonds in a principal amount up to $200,000,000 to provide immediate revenues to address the affordable housing needs of low income and very low income individuals through housing programs, which may include the funding of capital costs for the development of affordable housing and a rental assistance voucher program. The County Manager shall consider the use of the General Fund and Surtax funds as a funding source to pay debt service on such bonds. In addition, the County Manager shall explore the establishment of a pool of reputable and experienced developers to expeditiously build homes for low income and very low-income individuals.