Agenda 02/28/2017 Item #16D 302/28/2017
EXECUTIVE SUMMARY
Recommendation to approve two mortgage satisfactions for the State Housing Initiatives
Partnership (SHIP) loan program in the combined amount of $7,500.
OBJECTIVE: To support the affordability of housing in Collier County through SHIP down payment,
emergency repair, and rehabilitation assistance programs.
CONSIDERATIONS: SHIP is an affordable housing program that offers financial assistance to first-
time homebuyers for use toward a portion of the required down payment and emergency repairs to the
newly acquired home, and assistance to homeowners for rehabilitation to their homesteaded property. As
a condition of the award, the homeowner must repay the assistance provided upon sale, refinance, or loss
of homestead exemption.
The following table provides details regarding two mortgages that have been repaid in full. In one
instance, the home was sold. In the other instance, the owner lost their homestead exemption .
File # Name Security
Instrument
Mortgage
Amount
Payoff
Amount
Public Record
04-072 Phania Alexis SHIP DPCC
Mortgage
$2,500.00 $2,500.00 OR3531PG2455
99-136 Jennifer Bosch SHIP DPCC
Mortgage
$5,000.00 $2,500.00* OR2589PG1125
TOTAL $7,500.00 $5,000.00
*On September 7, 1999, OR Book 2589 Page 1125 a mortgage was recorded to Jennifer Bosch in the
amount of $5,000.00 for Down Payment and Closing Cost (DPCC) and Rehabilitation. The homeowner
was awarded $2,500.00 for DPCC and $2,500.00 of rehabilitation funds. The homeowner received
$2,500.00 at closing as DPCC assistance but did not receive the additional $2,500.00 of rehabilitation
funds. Therefore, the homeowner is only required to repay $2,500.00 for DPCC.
Approval of this item will authorize the Chairman to sign the attached satisfactions of mortgage, and
the executed documents shall be recorded in the Public Records of Collier County, Florida.
FISCAL IMPACT: The repaid amount of $5,000.00 satisfies the mortgage amount due to the recapture
provision as noted above and emergency rehabilitation funds expended. These repayments are considered
program income and have been deposited in SHIP Grant Fund 791 , Project 33467, and may be reused
for eligible SHIP activities. The $10 recording fee will be paid by each of the borrowers.
GROWTH MANAGEMENT IMPACT: There is no growth management impact.
LEGAL CONSIDERATIONS: This item is approved for form and legality and requires a majority vote
for Board approval. -JAB
RECOMMENDATION: That the Board of County Commissioners approves and authorizes the
Chairman to sign two mortgage satisfactions for owner-occupied affordable housing units for which
repayment in full was provided to Collier County.
Prepared By: Elizabeth Hernandez, Grant Support Specialist, Community & Human Services Division
16.D.3
Packet Pg. 859
02/28/2017
ATTACHMENT(S)
1. Satisfaction of Mortgage (2) (PDF)
2. Mortgages (2) (PDF)
3. SAP Backup BCC 2.28.17 (PDF)
16.D.3
Packet Pg. 860
02/28/2017
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.D.3
Doc ID: 2651
Item Summary: Recommendation to approve two mortgage satisfactions for the State Housing
Initiatives Partnership (SHIP) loan program in the combined amount of $7,500.
Meeting Date: 02/28/2017
Prepared by:
Title: – Community & Human Services
Name: Elizabeth Hernandez
01/25/2017 2:17 PM
Submitted by:
Title: Division Director - Cmnty & Human Svc – Public Services Department
Name: Kimberley Grant
01/25/2017 2:17 PM
Approved By:
Review:
Community & Human Services Leslie Davis Additional Reviewer Completed 01/25/2017 3:14 PM
Public Services Department Kimberley Grant Additional Reviewer Completed 01/25/2017 5:40 PM
Community & Human Services Maggie Lopez Additional Reviewer Completed 01/26/2017 9:02 AM
Public Services Department Joshua Hammond Additional Reviewer Completed 02/07/2017 7:50 AM
Public Services Department Amanda O. Townsend Additional Reviewer Completed 02/07/2017 9:35 AM
Public Services Department Hailey Margarita Alonso Level 1 Division Reviewer Completed 02/09/2017 3:42 PM
Grants Erica Robinson Level 2 Grants Review Completed 02/13/2017 12:48 PM
Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 02/16/2017 10:04 AM
County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 02/16/2017 11:41 AM
Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 02/16/2017 11:58 AM
Budget and Management Office Ed Finn Additional Reviewer Completed 02/16/2017 12:47 PM
County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 02/16/2017 2:23 PM
Grants Therese Stanley Additional Reviewer Completed 02/17/2017 1:24 PM
County Manager's Office Nick Casalanguida Level 4 County Manager Review Completed 02/19/2017 11:26 AM
Board of County Commissioners MaryJo Brock Meeting Pending 02/28/2017 9:00 AM
16.D.3
Packet Pg. 861
16.D.3.a
Packet Pg. 862 Attachment: Satisfaction of Mortgage (2) (2651 : SHIP Satisfaction of Mortgage)
16.D.3.a
Packet Pg. 863 Attachment: Satisfaction of Mortgage (2) (2651 : SHIP Satisfaction of Mortgage)
16.D.3.b
Packet Pg. 864 Attachment: Mortgages (2) (2651 : SHIP Satisfaction of Mortgage)
16.D.3.b
Packet Pg. 865 Attachment: Mortgages (2) (2651 : SHIP Satisfaction of Mortgage)
16.D.3.b
Packet Pg. 866 Attachment: Mortgages (2) (2651 : SHIP Satisfaction of Mortgage)
16.D.3.b
Packet Pg. 867 Attachment: Mortgages (2) (2651 : SHIP Satisfaction of Mortgage)
16.D.3.b
Packet Pg. 868 Attachment: Mortgages (2) (2651 : SHIP Satisfaction of Mortgage)
16.D.3.b
Packet Pg. 869 Attachment: Mortgages (2) (2651 : SHIP Satisfaction of Mortgage)
16.D.3.b
Packet Pg. 870 Attachment: Mortgages (2) (2651 : SHIP Satisfaction of Mortgage)
16.D.3.c
Packet Pg. 871 Attachment: SAP Backup BCC 2.28.17 (2651 : SHIP Satisfaction of Mortgage)