SECTION A
Introduction
Miami-Dade County, through the Department of Public Housing and Community Development (PHCD) is soliciting applications under a Request for Application (RFA) process to fund activities with Documentary Stamp Surtax (Surtax) funds. This FY 2021 Surtax Homeownership RFA is seeking proposals to address high unmet needs in affordable housing. This RFA will target homeownership projects that may include rehabilitation, redevelopment and new construction with or without acquisition Countywide. Both for-profit and non-profit developers are encouraged to participate. Miami-Dade County encourages development teams competing for Documentary Stamp Surtax funding to be diversified and aspire to be consistent with and reflect the diversity of the Miami-Dade County community pursuant to policies outlined in Resolution No. R-1080-14.
A conditional loan commitment approved by the Board of County Commissioners (BCC) for development activity will be provided to awardees based upon the application submitted by awardees in response to the this Request for Applications. Awardees must close on projects within six months of the issuance of the conditional loan commitment.
Homeownership Activities | Total Surtax Amount |
Rehabilitation, Redevelopment, New Construction with or without Acquisition – Countywide | $18,000,000 |
|
|
Totals | $18,000,000 |
|
|
NOTE: Projects will be recommended for funding only up to the total amount published in this RFA.