Broward County Commission Regular Meeting
Director's Name: Leonard Vialpando
Department: Resilient Environment Division: Housing Finance Division
Information
Requested Action
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MOTION TO APPROVE Agreement between Broward County and University Station I, LLC, providing State Housing Initiatives Partnership Funding for the multi-family Rental Construction Strategy for Fiscal Year 2022-2023 ("University Station SHIP Agreement") in substantially the form attached as (Exhibit 1), in the amount of $100,000, effective retroactively from July 1, 2022 to June 30, 2025, to provide funding assistance to University Station I, LLC, for the construction of a mixed-used development including 216 affordable multi-family rental units in the City of Hollywood, Florida; and authorize the County Administrator to execute same; and authorize the County Administrator to take any administrative and/or budgetary action to implement the University Station SHIP Agreement and to execute any amendments thereto, provided such amendments do not materially increase County's obligations, subject to review for legal sufficiency by the Office the County Attorney. (Commission District 6)
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Why Action is Necessary
Board action is required to approve funding agreements.
What Action Accomplishes
Approves the University Station SHIP Agreement providing State Housing Initiatives Partnership Program funding for the construction of new multi-family rental units.
Is this Action Goal Related
Yes
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, "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."
On...
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