The appointing authority is the Miami-Dade County Board of County Commissioners.
Taxes, fees, assessments, or charges imposed and collected
Fees are charged for services related to multifamily and single family bond transactions
Rates or amounts for the current fiscal year
Multifamily transaction fees are 25 basis points of the outstanding bond balance
Single Family transaction fees are dictated by the market price on the day of the transaction
Statutory authority of the levy of the tax, fee, assessment or charge
The HFA does not levy taxes nor assessments. Fees are charged pursuant to Chapter 159, Part IV, Florida Statutes.
General Financial Information
Fiscal Year Period – October 1st to September 30th
Final Adopted Budget 2020-2021 – Download Budget
Budget Amendments, if applicable – Not applicable
Annual Financial Report – filed with the Florida Department of Financial Services (https://apps.fldfs.com/LocalGov/Reports/)- included as part of Miami-Dade County Financial Report
Final complete audit report for the most recent completed fiscal year – Download Report
Full Legal Name (as cited in creation document)
Housing Finance Authority of Miami-Dade County
Pursuant to § 159.602(1), Florida Statutes, “within the state, there is a shortage of housing available at prices or rentals which many persons and families can afford, and a shortage of capital for investment in such housing. This shortage constitutes a threat to the health, safety, morals, and welfare of the residents of the state….” Pursuant to § 159.602(3), Florida Statutes, “the financing, acquisition, construction, reconstruction, and rehabilitation of housing and of the real and personal property and other facilities necessary, incidental, and appurtenant thereto are exclusively public uses and purposes for which public money may be spent….”
Our vision is a community where individual lives are impacted by our commitment to providing the opportunity for people to live the life they love in their own home. To bring that vision into reality, we provide avenues to affordable housing for first-time homebuyers in Miami-Dade County.
The Housing Finance Authority’s (“HFA”) boundaries are the geographic boundaries of Miami-Dade County.
The services provided by the special district include providing (i) bond financing to finance the construction of multifamily rental units, and (ii) mortgage financing for first time homebuyers.
Miami-Dade County Ordinance No. 78-89 adopted December 12, 1978
Miami-Dade County Ordinance No. 11-99 adopted December 6, 2011
Statute or statutes under which the special district operates
Chapter 159, Part IV, Florida Statutes – Housing Finance Authorities
Chapter 189, Florida Statutes – Uniform Special District Accountability Act
Date established – December 12, 1978
Establishing entity – Miami-Dade County Board of County Commissioners
Mailing address: 7855 NW 12 Street, Suite 202, Doral, Florida 33126
Telephone number: (305) 594-2518
Registered Agent: Cheree Gulley, Esq., Executive Director