Broward County Commission Regular Meeting
Director's Name: Leonard Vialpando
Department: Public Works and Environmental Services
Division: Housing Finance Authority
Information
Requested Action
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MOTION TO ADOPT Resolution, the title of which is as follows:
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF BROWARD COUNTY, FLORIDA AUTHORIZING THE IMPLEMENTATION OF A MORTGAGE CREDIT CERTIFICATE ("MCC") PROGRAM BY THE HOUSING FINANCE AUTHORITY OF BROWARD COUNTY, FLORIDA ("HFA"); AUTHORIZING THE EXCHANGE OF A NOT TO EXCEED AMOUNT OF $50,000,000 OF SINGLE FAMILY PRIVATE ACTIVITY BOND ALLOCATION FOR NOT TO EXCEED $12,500,000 OF MORTGAGE CREDIT CERTIFICATE AUTHORITY; APPROVING THE FORM AND AUTHORIZING THE EXECUTION OF THE MASTER PROGRAM ADMINISTRATION GUIDELINES; APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION AND DELIVERY OF PARTICIPATION AGREEMENTS BETWEEN THE HFA AND LENDING INSTITUTIONS DESIRING TO PARTICIPATE IN THE MCC PROGRAM; AUTHORIZING CERTAIN OFFICIALS OF THE HFA TO TAKE ALL ACTIONS NECESSARY IN CONNECTION WITH THE IMPLEMENTATION OF THE MCC PROGRAM; PROVIDING CERTAIN OTHER FINDINGS AND DETAILS WITH RESPECT THERETO; AND PROVIDING AN EFFECTIVE DATE.
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Why Action is Necessary
Formal Board action is necessary for the adoption of a Resolution.
What Action Accomplishes
Enables the adoption of a Resolution.
Goal Related Icon(s)
?County Commission
?Go Green
?MAP Broward
Previous Action Taken
None taken.
Summary Explanation/Background
THE PUBLIC WORKS AND ENVIRONMENTAL SERVICES DEPARTMENT AND THE HOUSING FINANCE AUTHORITY RECOMMEND APPROVAL OF THE ABOVE MOTION.
This item supports the Goal of the Broward County Board of County Commissioner's ("Board") of "Ensuring residents have an affordable place to live by offering sustainable, compatible, innovative, accessible, affordable housing options for all income levels, including integrated, permanent supportive housing and zoning that helps residents build equity."
The 1986 T...
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