Broward County Commission Regular Meeting
Director's Name: Leonard Vialpando
Department: Environmental Protection Division: Housing Finance & Comm. Redevelopment
Information
Requested Action
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A. MOTION TO AUTHORIZE County Administrator to execute all agreements, subject to approval as to form and legal sufficiency by the Office of the County Attorney, related to additional gap financing in the amount of $800,000, for a total gap financing amount of $4,250,000 to be provided to Solaris Apartments Limited or an affiliate of Solaris Apartments Limited, for new construction of 78 affordable (low and very low area median income) multifamily residential units in the City of Hallandale Beach, Florida; and authorizing the County Administrator to take the necessary administrative and budgetary actions related to the gap financing. (Commission Districts 6 and 8)
ACTION: (T-10:25 AM) Approved.
VOTE: 8-0. Commissioner Holness voted in the affirmative telephonically. Commissioner Sharief was not present.
ACTION: (T-12:11 PM) Commissioner Sharief requested being shown voting in the affirmative.
VOTE: 9-0.
B. MOTION TO ADOPT budget Resolution No. 2021-480 within the Affordable Housing Trust Fund in the amount of $800,000 for the purpose of providing additional funding for the new construction of the Solaris Apartments Project.
ACTION: (T-10:25 AM) Approved.
VOTE: 8-0. Commissioner Holness voted in the affirmative telephonically. Commissioner Sharief was not present.
ACTION: (T-12:11 PM) Commissioner Sharief requested being shown voting in the affirmative.
VOTE: 9-0.
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Why Action is Necessary
A. Board action is required to approve agreements with outside agencies.
B. Board action is required to adopt budget resolutions.
What Action Accomplishes
Allocates an additional $800,000 for gap financing for the construction of 78 new affordable multifamily housing units and authorizes the County Administrator and County Attorney to execute agr...
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