The Miami-Dade County Homeless Trust Board convened on June 27, 2025, to discuss the upcoming budget for the fiscal year 2025-2026, focusing on funding for housing and services aimed at addressing homelessness in the region. The proposed budget totals $40.2 million, which represents 95% of expected revenues as mandated by state regulations.

Key highlights from the meeting included a detailed overview of the budget allocations, with $16 million earmarked for capital expenses related to the growing portfolio of homeless assistance properties. This includes 145 units at Verde Gardens and 107 units at Hideaway Bay, among others. The board also discussed the importance of maintaining a healthy reserve fund, with tax equalization reserves projected at $20.3 million at the start of the year.

The meeting emphasized the need for administrative support, with a budget of $7.5 million allocated for 29 positions, including a new property specialist to manage compliance and oversight of the expanding housing portfolio. Notably, over $3.8 million of the administrative costs will be reimbursed by HUD, contributing to a total administrative overhead of 6%.

The board also addressed the allocation of shelter beds, confirming that the budget includes 800 beds across various facilities, with potential plans to increase this capacity through reserve funds. Additionally, the budget outlines investments in supportive services and innovative housing solutions, such as modular homes, to enhance the community's response to homelessness.

Concerns were raised regarding potential changes to federal funding structures, particularly the proposed shift from a competitive grant system to a block grant model, which could impact the availability of resources for local programs. The board expressed the need to remain vigilant and adaptable in light of these developments.

In conclusion, the meeting underscored Miami-Dade County's commitment to addressing homelessness through strategic budgeting and resource allocation, while also preparing for potential challenges in federal funding. The board will continue to monitor these issues as they move forward with their initiatives.