Broward County Commission Regular Meeting
Director's Name: Leonard Vialpando
Department: Environmental Protection Division: Housing Finance & Comm. Redevelopment
Information
Requested Action
title
MOTION TO ADOPT Resolution No. 2021-097 of the Board of County Commissioners of Broward County, Florida, approving a plan of finance involving the issuance by the Housing Finance Authority of Broward County, Florida (the "Authority") of its Single Family Mortgage Revenue Bonds (the "Single Family Bonds") in an aggregate face amount of not to exceed $250,000,000 in one or more series; approval of the Single Family Bonds as required by Section 147(f) of the Internal Revenue Code of 1986, as amended; ratifying the minutes of a public hearing held in accordance with Section 147(f) of the Internal Revenue Code of 1986, as amended ("Code"); authorizing the proper Officers, the Executive Director and the employees and agents of the Authority to do all things necessary in connection with the plan of finance and the issuance of Single Family Bonds; and providing an effective date for this Resolution.
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Why Action is Necessary
Board of County Commissioners of Broward County, Florida (the "Board") approval is required under the Code.
What Action Accomplishes
Allows the HFA to issue its Single Family Mortgage Revenue Bonds in one or more series in an aggregate principal amount not to exceed $250,000,000 as part of a Plan of Financing and ratifies the public hearing, Section 147(f) the Code.
Is this Action Goal Related
Yes
Previous Action Taken
No previous action.
Summary Explanation/Background
THE ENVIRONMENTAL PROTECTION AND GROWTH MANAGEMENT DEPARTMENT AND THE HOUSING FINANCE AND COMMUNITY REDEVELOPMENT 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 integrated supportive housing and rapid-rehousing : Goal 1: Facilitate ...
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