C7X - Approve Ahac Incentives Report

Resolutions - C7 X

C7 X A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, 1) ACKNOWLEDGING RECEIPT OF THE 2025 ANNUAL INCENTIVES REVIEW AND RECOMMENDATIONS REPORT FROM THE AFFORDABLE HOUSING ADVISORY COMMITTEE (AHAC); AND 2) APPROVING THE SUBMISSION OF THE 2025 ANNUAL INCENTIVES REVIEW AND RECOMMENDATIONS REPORT TO THE FLORIDA HOUSING FINANCE CORPORATION (FHFC). Applicable Area:

COMMISSION MEMORANDUM

RECOMMENDATION

The Administration recommends that the Mayor and Commission acknowledge receipt of the attached Annual Incentives Review and Recommendations Report submitted by the Affordable Housing Advisory Committee and approve its submission to the Florida Housing Finance Corporation.

BACKGROUND/HISTORY

In 1992, the William E. Sadowski Affordable Housing Act established the State Housing Initiatives Partnership (SHIP) Program, administered by the Florida Housing Finance Corporation (FHFC). The SHIP Program provides funding for the rehabilitation of housing stock and homeownership opportunities for low and moderate-income households. In 1995, the City Commission approved Ordinance No. 95-2989, establishing the legal infrastructure enabling the City to receive SHIP Program funds derived from set-aside allocations from documentary stamp levies on real estate transactions.

In 2020, House Bill (H.B.) 1339 amended the reporting requirements and replaced the triennial report with an annual report that must be submitted to the FHFC by December 31. The report, which includes recommendations on housing incentives, is compiled in conjunction with the City's Affordable Housing Advisory Committee (AHAC or Committee) and approved by the Mayor and City Commission.

According to Section 58-151 of the City Code, within ninety (90) days after receipt of the affordable housing incentive recommendations report from the AHAC, the City Commission shall adopt the affordable housing incentive plan. The final report will be submitted to the FHFC by the City Manager or the City Manager's designee.

ANALYSIS

The 2025 Annual Incentives Review and Recommendations Report details the AHAC's ongoing support of housing incentives as required by Section 420.9076(4), Florida Statutes. While not all strategies are seen by the Committee as applicable to Miami Beach, the AHAC played a key role in supporting strategies that incentivize the development of affordable housing within the jurisdiction.

Per Section 420.9076(5), Florida Statutes, the SHIP Program requires that: "The approval by the advisory committee of its local housing incentives strategies recommendations and its review of local government implementation of previously recommended strategies must be made by affirmative vote of a majority of the membership of the advisory committee taken at a public hearing.”

Between January 2025 and October 2025, the AHAC held six (6) public meetings. Although all AHAC meetings are announced to the public, this AHAC public hearing was specifically advertised in the Miami Herald, and a public comment period was observed from October 6, 2025, to November 4, 2025. The report was also posted on the City’s website for public comments.

A majority of the members of the AHAC approved the attached 2025 Annual Incentives Review and Recommendations Report during the meeting held on October 21, 2025. The Administration will submit the report to FHFC on or before December 31, 2025.

SUPPORTING SURVEY DATA The Mayor and City Commission identified the need for workforce and affordable housing as a key objective in the City’s 2019 Strategic Plan Through the Lens of Resilience. The City’s 2040 Comprehensive Plan prioritizes affordable housing, with the express goal “to encourage redevelopment that provides workforce and affordable housing” within the City.

FISCAL IMPACT STATEMENT

N/A

Does this Ordinance require a Business Impact Estimate? (FOR ORDINANCES ONLY)

If applicable, the Business Impact Estimate (BIE) was published on: See BIE at: https://www.miamibeachfl.gov/city-hall/city-clerk/meeting-notices/

FINANCIAL INFORMATION

CONCLUSION

The Administration recommends that the Mayor and Commission acknowledge receipt of the attached Annual Incentives Review and Recommendations Report submitted by the Affordable Housing Advisory Committee and approve its submission to the Florida Housing Finance Corporation.

Applicable Area

Citywide

Was this Agenda Item initially requested by a lobbyist which, as defined in Code Sec. 2-481, includes a principal engaged in lobbying? No

If so, specify the name of lobbyist(s) and principal(s):

Department

Housing and Community Services

Sponsor(s)

Co-sponsor(s)

Condensed Title

Approve 2025 Annual Incentives Review and Recommendations Report from AHAC. HCS