Title
MOTION TO ADOPT PROPOSED RESOLUTION NO. 2026-R-14.
PROPOSED RESOLUTION 2026-R-14 IS A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF PEMBROKE PINES, FLORIDA, APPROVING THE FISCAL YEAR 2025-2026 AGREEMENT WITH BROWARD COUNTY PROVIDING FOR DISBURSEMENT OF HOME PROGRAM FUNDS FOR HOMEBUYER/PURCHASE ASSISTANCE PROGRAM; AUTHORIZING THE APPROPRIATE CITY OFFICIALS TO EXECUTE THE AGREEMENT FOR THE DESIGNATION OF SUBRECIPIENT AND DISBURSEMENT HOME PROGRAM, FISCAL YEAR 2025-2026, WITH BROWARD COUNTY IN THE AMOUNT OF $302,419, AND ASSOCIATED DOCUMENTS, IF NECESSARY; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE.
Summary Explanation and Background
1. The City of Pembroke Pines participates in the Broward County HOME Consortium and receives annual funding through the U.S. Department of Housing and Urban Development's (HUD) HOME Investment Partnerships Program (HOME). As a participating jurisdiction, the City is required to execute an Interlocal Agreement with Broward County to receive its annual HOME allocation. Pursuant to the Agreement, Broward County will administer the Homebuyer/Purchase Assistance Program on behalf of the City. Broward County transmitted the Fiscal Year 2025-2026 HOME Program Subrecipient Agreement to the City on July 13, 2026, for execution.
2. For Fiscal Year 2025-2026, the City has been allocated $302,419 in HOME funding under the proposed HOME Program Subrecipient Agreement.
3. The City's HOME allocation will be used to provide purchase assistance to a minimum of two (2) income-eligible households. Eligible households may receive purchase assistance of up to $75,000 per household. Any remaining HOME funds will be used to assist additional eligible households until available funding is exhausted.
4. Assistance will be provided in the form of a 0% interest deferred loan secured by a lien on the assisted property. The affordability period and loan terms will be administered in accordance with HUD...
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