Broward County Commission Regular Meeting
Director's Name: Leonard Vialpando
Department: Environmental Protection Division: Housing Finance & Comm. Redevelopment
Information
Requested Action
title
MOTION TO APPROVE Agreement between Broward County and Sailboat Bend II, LTD., for State Housing Initiatives Partnership (SHIP) Program Multifamily Rental New Construction Strategy Fiscal Year 2018 Funding in the Amount of $124,000 for a 110-unit affordable housing development (a.k.a. Sailboat Bend II) at 437 SW 4th Avenue, Fort Lauderdale, and authorize County Administrator to execute same. (Commission District 7)
body
Why Action is Necessary
Board action is required to approve funding agreements.
What Action Accomplishes
Approves an agreement to provide SHIP Program funding to Sailboat Bend II, LTD., for multifamily rental construction.
Is this Action Goal Related
Yes
Previous Action Taken
None taken.
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, 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 August 14, 2018 (Agenda Item No. 42), the Broward County Board of County Commissioners ("Board") adopted Resolution No. 2018-351, approving the allocation of $124,000 of State Housing Initiatives Partnership ("SHIP") Program funding to the multi-family rental new construction strategy to provide the Local Government Contribution which is required to compete in the Florida Housing Finance Corporation ("FHFC") multi-family housing funding cycle. P...
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