Miami-Dade County Authority to Sell $17.2M in Multifamily Housing Revenue Bonds

Dow Jones12-02

By Chris Wack

The Housing Finance Authority of Miami-Dade County in Florida plans to sell $17.2 million of multifamily housing revenue bonds for a rental housing facility.

Proceeds from the Series 2025 bonds will be issued to finance the purchase, rehabilitation and equipping of a low- and moderate-income multifamily rental housing facility, according to a document posted on MuniOS.

The project, known as Sunrise Commons, consists of 106 apartment units on 2.2 acres. Amenities include a clubhouse with full kitchen, lounge, fitness center and swimming pool. There are 161 existing parking spaces.

Principal and interest on the bonds will be payable semiannually starting on Aug. 1, 2026, and again the following Feb. 1.

Interest rates and yields have not yet been set. The bonds mature Feb. 1, 2042, and are limited obligations of the authority.

The authority was created as a public body corporate and politic to alleviate the shortage of affordable residential housing within Miami-Dade County, according to the preliminary official statement posted on MuniOS. The authority provides funds for investment by the private sector in the construction or rehabilitation of housing for families and individuals of low, moderate or middle incomer.

The bonds are rated Aa1 by Moody's.

RBC Capital Markets is the lead underwriter.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

December 01, 2025 12:38 ET (17:38 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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