PH.2 - A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ALLOCATING PROGRAM INCOME FROM HOME INVESTMENT PARTNERSHIPS (“HOME”) FUNDS GENERATED FROM JANUARY 1, 2026, TO SEPTEMBER 30, 2026, IN THE AMOUNT OF FIFTY-SEVEN THOUSAND, TWO HUNDRED THIRTEEN AND 93/100 DOLLARS ($57,213.93) AND AN ADDITIONAL AMOUNT OF TWO HUNDRED NINE THOUSAND, NINE HUNDRED EIGHTY-ONE AND 37/100 DOLLARS ($209,981.37) OF RECAPTURED FUNDS FOR A TOTAL AMOUNT OF TWO HUNDRED SIXTY-SEVEN THOUSAND, ONE HUNDRED NINETY- FIVE AND 30/100 DOLLARS ($267,195.30), AS SPECIFIED IN EXHIBIT “A,” ATTACHED AND INCORPORATED; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ALL THE NECESSARY DOCUMENTS, INCLUDING AMENDMENTS, EXTENSIONS, AND MODIFICATIONS, ALL IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, SUBJECT TO ALL FEDERAL, STATE AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS, FOR SAID PURPOSES.

WHEREAS, the Department of Housing and Community Development (“Department”) receives diverse types of repayments from loans provided to developers and homeowners which are required to be used for eligible program activities; and

WHEREAS, from January 1, 2026, to September 30, 2026, the Department collected an amount of Fifty-Seven Thousand Two Hundred Thirteen and 93/100 Dollars ($57,213.93) in Home Investment Partnerships Program (“HOME”) program income and an amount of Two Hundred Nine Thousand, Nine Hundred Eighty-One and 37/100 Dollars ($209,981.37)in recaptured funds for a total of Two Hundred Sixty-Seven Thousand One Hundred Ninety-Five and 30/100 dollars ($267,195.30)(“Funds”); and

WHEREAS, pursuant to HOME regulations 24 CFR Part 92.503, program income and recapture amounts must be used for eligible HOME activities; and

WHEREAS, the Department recommends allocating the Funds to the eligible HOME activities specified in Exhibit “A,” attached and incorporated;

NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA:

Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section.

Section 2. The allocation of the Funds to the eligible HOME activities specified in Exhibit “A,” attached and incorporated, is authorized.

Section 3. The City Manager is authorized1 to negotiate and execute any and all necessary documents, all in a form acceptable to the City Attorney, subject to all federal, state and local laws that regulate the use of such funds, for said purpose.

Section 4. This Resolution shall become effective immediately upon its adoption.