housing-finance-authority-of-miami-dade-county-florida-resolution-hfa-2025-25_4f5.pdf
Citibank Provides $22.2M Permanent Housing Loan
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Description
The Housing Finance Authority of Miami-Dade County approves an Amended and Restated Funding Loan Agreement with Citibank, N.A. as Funding Lender for a $22.2 million permanent phase loan supporting the Pinnacle at Tropical Pointe development. The permanent financing converts on August 14, 2025 and runs through an October 1, 2056 maturity date.
Contract Details
Contract Amount
$22,200,000
Vendor
CITIBANK N.A.
Agency
Miami Dade Public Housing And Community Dev, FL
Contract Type
FINANCIAL_SERVICES
Document Date
August 14, 2025
Contract Term
Conversion Date and Amended & Restated Funding Loan Agreement dated August 14, 2025; Funding Loan matures October 1, 2056
Renewal Date
2056-10-01
Renewal Info
This agreement amends and restates the prior Funding Loan Agreement upon Conversion, establishing Citibank, N.A. as Funding Lender for the permanent phase loan through the October 1, 2056 maturity. No automatic renewal beyond that maturity is indicated.
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RATIFIEDIssuing Agency
Miami Dade Public Housing And Community Dev
Local Housing Authority
Miami, FL
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