C7F - Allocate Ship Funds for Programs

A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING AND/OR AUTHORIZING THE CITY MANAGER TO PERFORM THE FOLLOWING ACTIONS: TO ALLOCATE FY 2025-2026 STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) FUNDS IN THE AMOUNT OF $371,251.00 AS FOLLOWS: (1) TO THE FIRST TIME HOMEBUYER PROGRAM AND HOMEOWNER REHABILITATION PROGRAM IN THE AMOUNT OF $289,126.00; (2) TO THE RENTAL ASSISTANCE PROGRAM IN THE AMOUNT OF $45,000.00; (3) TO THE SHIP PROGRAM ADMINISTRATIVE COSTS IN THE AMOUNT OF $37,125.00; AND FURTHER AUTHORIZING THE CITY MANAGER AND CITY CLERK TO EXECUTE CITY INTERDEPARTMENTAL AGREEMENTS AND OTHER AGREEMENTS TO BE SIGNED BY SUB-RECIPIENTS.