|
#
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Name of Project/Program
|
Amount Allocated
|
|
1
|
Business Continuity Microenterprise and Small Business Emergency Program
Provides one-time assistance to micro businesses (5 employees or less) and small businesses (6 to 20 employees) that meet respective program requirements.
|
$1,000,000
|
|
2
|
Elderly Meals
Provides congregate and homebound meals for elderly and disabled city residents.
|
$1,500,000
|
|
3
|
Senior Rental Gap Assistance
Assist City of Miami senior residents in mitigating rent increases, by providing monthly rental assistance.
|
$1,500,000
|
|
4
|
New Construction Homeownership
Provides construction and permanent financing to assist in part with the development of affordable single-family units, townhomes, twin homes, and condominium units to be sold to, eligible individuals or
Families.
|
$2,750,000
|
|
5
|
Property Acquisition for Affordable Housing
The City of Miami will acquire buildable vacant parcels of land suitable for the development of affordable rental or homeownership developments to be built by the City or by organizations that have been procured through a competitive process.
|
$3,000,000
|
|
6
|
New Construction Rental
Provides construction and permanent financing to assist in part with the development of affordable multifamily rental projects containing units affordable to eligible individuals or families.
|
$2,750,000
|
|
7
|
City of Miami Homeownership Assistance Program
Provides financial assistance to eligible first time home buyers towards the purchase of a home.
|
$2,000,000
|
|
TOTAL
|
$14,500,000
|