Broward County Commission Regular Meeting
Director's Name: Leonard Vialpando
Department: Resilient Environment Division: Housing Finance Division
Information
Requested Action
title
MOTION TO APPROVE Agreement between Broward County ("County") and Pine Island Park providing State Housing Initiatives Partnership ("SHIP") Program Funding for Multifamily Rental Construction ("Agreement") in substantially the form proposed in Exhibit 1; authorize the County Administrator to approve any modifications thereto that do not impose any additional material risk or financial obligation on the County, subject to review and approval as to legal sufficiency by the Office of the County Attorney; and authorize the County Administrator to execute the final form of the Agreement. (Commission District 9)
body
Why Action is Necessary
Board action is required to approve SHIP program funding agreements.
What Action Accomplishes
Approves the Agreement in substantially the form attached as Exhibit 1, providing SHIP program funds towards the construction of a new 120 unit affordable residential development in the City of Sunrise, Florida.
Goal Related Icon(s)
?County Commission
?Go Green
?MAP Broward
Previous Action Taken
None taken.
Summary Explanation/Background
THE RESILIENT ENVIRONMENT DEPARTMENT AND THE HOUSING FINANCE DIVISION RECOMMEND APPROVAL OF THE ABOVE MOTION.
This item supports the Board's vision of, "offering sustainable, compatible, innovative housing options for all income levels, including integrated, permanent, supportive housing and rapid rehousing," and its corresponding goal to "strengthen stakeholder partnerships to increase the availability of affordable housing of all types (e.g., rental, purchase, supporting, etc.) countywide, in every community."
On September 20, 2022 (Agenda Item No. 36B), the Board adopted Resolution No. 2022-465, approving the allocation of $500,000 in SHIP program funding to the Multifamily Rental New Constructio...
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