Loading...
Agenda 09/25/2018 Item #16D 909/25/2018 EXECUTIVE SUMMARY Recommendation to approve eight (8) mortgage satisfactions for the State Housing Initiatives Partnership (SHIP) Loan Program in the combined amount of $51,460. OBJECTIVE: To support the affordability of housing in Collier County through the utilization of State SHIP funds for down payment and rehabilitation assistance. CONSIDERATIONS: The SHIP Program allows communities to design programs that provide housing assistance for down payment and closing costs for first-time homebuyers, emergency repairs to a newly acquired home, rehabilitation assistance to income-qualified homeowners, and other programs to address local housing needs. As a condition of receiving SHIP funding, the homeowner must repay the financial assistance upon sale, refinance, or loss of homestead exemption. Staff has identified five (5) Mortgages where the County received payment for the down payment assistance in 2001-2002 and the Satisfaction was not recorded for these homeowners who still reside in the property. Staff has identified three (3) mortgages where the homeowner is entitled to have to have their original down payment assistance and or residential rehabilitation assistance forgiven. None of the mortgages include a maturity date. Section 95.281(1)(b) F.S. allows this debt to be forgiven if the mortgage is more than twenty (20) years old and the final maturity of an obligation secured by the mortgage is not ascertainable or previously set forth in the mortgage. Under such circumstances, the mortgage is considered terminated and for record purposes, the down payment amount rehabilitation may be forgiven. The following two (2) tables provide the details regarding homeowners who repaid the SHIP funds to Collier County and residential rehabilitation homeowners who have met their term of assistance. As such, Satisfaction of Mortgage is required but was not executed at the time of repayment. Program File # Recipient Name Mortgage (OR/Pg ) Mortgage Amount/ Payoff Amount Payoff Date Check # Payment Slip # GMD Cashiering SHIP DPCC 98-021 Scott L Randall & Jennifer L Christensen 2339/2165 $2,500 9/27/2002 872552 HS 104238 SHIP DPCC 00-401 St Vilus Pierrelus & Aline Pierrelus 2718/1886 $5,000 10/14/2002 88009824216 HS 104768 SHIP DPCC 01-198 Paul & Kimberly MacDonough 2799/2778 $2,500 11/29/2002 32910 HS 106750 SHIP DPCC 99-013 Teodoro Reyes 2481/0494 $5,000 10/25/2001 9321016046 HS 91538 SHIP DPCC 00-256 Karen Grant 2660/3315 $5,000 3/03/02 16502 HS 97126 Total Repaid $20,000 The Following table provides details regarding the associated mortgages that have met their affordability 16.D.9 Packet Pg. 1765 09/25/2018 obligation. Program File # Recipient Name Mortgage (OR/Pg ) Subordination Mortgage Amount Date of Mortgage # of Years Affordability Date SHIP SFR 1995 Mariam Ocheltree 2128/0587 2130/893 2431/3431 $14,250 7/26/1995 20 7/26/2015 SHIP SFR 1996 Laurette J. Magloire 2179/0486 2542/0492 $14,710 02/1/21996 20 2/1/2016 SHIP DPCC 1995 Armando V Gonzalez & Angelica Barajas Gonzalez 2097/1643 2830/2264 4931/969 $2,500 8/21/1995 20 8/21/2015 Total to be Forgiven $31,460 FISCAL IMPACT: The repaid amount of $20,000 satisfies the mortgage amount due to the recapture provision as noted above. These repayments are considered program income and were deposited in the originally established SHIP Fund (121) now known as Urban Improvement Grant Fund. Such funds were reused for eligible SHIP activities. Eight (8) recording fees of $10 will be paid by SHIP Administrative account 33525. GROWTH MANAGEMENT IMPACT: The SHIP Program furthers the goals and objectives of the Housing Element of the Growth Management Plan. LEGAL CONSIDERATIONS: This Item is approved for form and legality and requires a majority vote for Board approval. -JAB RECOMMENDATION: To approve and authorize the Chairman to sign eight (8) mortgage satisfactions for owner-occupied affordable housing units for which repayment or term commitment was provided to Collier County. Prepared By: Wendy Klopf, Grant Coordinator, Community & Human Services Division ATTACHMENT(S) 1. Satisfaction of Mortgage CAO stamped (PDF) 2. SHIP DPCC Paid Not released (PDF) 3. SHIP Rehab Affordability Period (PDF) 4. Backup-Paid Off Not Released-Affordability Period Complete (XLSX) 16.D.9 Packet Pg. 1766 09/25/2018 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.9 Doc ID: 6562 Item Summary: Recommendation to approve eight (8) mortgage satisfactions for the State Housing Initiatives Partnership (SHIP) Loan Program in the combined amount of $51,460. Meeting Date: 09/25/2018 Prepared by: Title: Operations Coordinator – Community & Human Services Name: Wendy Klopf 08/29/2018 10:50 AM Submitted by: Title: Division Director - Cmnty & Human Svc – Public Services Department Name: Kimberley Grant 08/29/2018 10:50 AM Approved By: Review: Community & Human Services Kristi Sonntag Additional Reviewer Completed 08/29/2018 4:43 PM Public Services Department Kimberley Grant Additional Reviewer Completed 08/30/2018 5:15 PM Community & Human Services Maggie Lopez Additional Reviewer Completed 09/04/2018 8:25 AM Community & Human Services Leslie Davis Additional Reviewer Completed 09/04/2018 10:40 AM Community & Human Services Lisa Carr Additional Reviewer Completed 09/04/2018 12:56 PM Public Services Department Joshua Hammond Additional Reviewer Completed 09/05/2018 3:35 PM Public Services Department Todd Henry Level 1 Division Reviewer Completed 09/05/2018 3:52 PM Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 09/06/2018 8:33 PM County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 09/07/2018 1:36 PM Grants Erica Robinson Level 2 Grants Review Completed 09/11/2018 10:49 AM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 09/11/2018 3:14 PM Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 09/11/2018 3:49 PM Budget and Management Office Ed Finn Additional Reviewer Completed 09/12/2018 2:04 PM Grants Therese Stanley Additional Reviewer Completed 09/13/2018 2:02 PM County Manager's Office Geoffrey Willig Level 4 County Manager Review Completed 09/17/2018 12:40 PM Board of County Commissioners MaryJo Brock Meeting Pending 09/25/2018 9:00 AM 16.D.9 Packet Pg. 1767 16.D.9.aPacket Pg. 1768Attachment: Satisfaction of Mortgage CAO stamped (6562 : SHIP SOM-Paid off Not released) 16.D.9.aPacket Pg. 1769Attachment: Satisfaction of Mortgage CAO stamped (6562 : SHIP SOM-Paid off Not released) 16.D.9.aPacket Pg. 1770Attachment: Satisfaction of Mortgage CAO stamped (6562 : SHIP SOM-Paid off Not released) 16.D.9.aPacket Pg. 1771Attachment: Satisfaction of Mortgage CAO stamped (6562 : SHIP SOM-Paid off Not released) 16.D.9.aPacket Pg. 1772Attachment: Satisfaction of Mortgage CAO stamped (6562 : SHIP SOM-Paid off Not released) 16.D.9.aPacket Pg. 1773Attachment: Satisfaction of Mortgage CAO stamped (6562 : SHIP SOM-Paid off Not released) 16.D.9.aPacket Pg. 1774Attachment: Satisfaction of Mortgage CAO stamped (6562 : SHIP SOM-Paid off Not released) 16.D.9.aPacket Pg. 1775Attachment: Satisfaction of Mortgage CAO stamped (6562 : SHIP SOM-Paid off Not released) 16.D.9.b Packet Pg. 1776 Attachment: SHIP DPCC Paid Not released (6562 : SHIP SOM-Paid off Not released) 16.D.9.b Packet Pg. 1777 Attachment: SHIP DPCC Paid Not released (6562 : SHIP SOM-Paid off Not released) 16.D.9.b Packet Pg. 1778 Attachment: SHIP DPCC Paid Not released (6562 : SHIP SOM-Paid off Not released) 16.D.9.b Packet Pg. 1779 Attachment: SHIP DPCC Paid Not released (6562 : SHIP SOM-Paid off Not released) 16.D.9.b Packet Pg. 1780 Attachment: SHIP DPCC Paid Not released (6562 : SHIP SOM-Paid off Not released) 16.D.9.b Packet Pg. 1781 Attachment: SHIP DPCC Paid Not released (6562 : SHIP SOM-Paid off Not released) 16.D.9.b Packet Pg. 1782 Attachment: SHIP DPCC Paid Not released (6562 : SHIP SOM-Paid off Not released) 16.D.9.b Packet Pg. 1783 Attachment: SHIP DPCC Paid Not released (6562 : SHIP SOM-Paid off Not released) 16.D.9.b Packet Pg. 1784 Attachment: SHIP DPCC Paid Not released (6562 : SHIP SOM-Paid off Not released) 16.D.9.b Packet Pg. 1785 Attachment: SHIP DPCC Paid Not released (6562 : SHIP SOM-Paid off Not released) 16.D.9.b Packet Pg. 1786 Attachment: SHIP DPCC Paid Not released (6562 : SHIP SOM-Paid off Not released) 16.D.9.b Packet Pg. 1787 Attachment: SHIP DPCC Paid Not released (6562 : SHIP SOM-Paid off Not released) 16.D.9.b Packet Pg. 1788 Attachment: SHIP DPCC Paid Not released (6562 : SHIP SOM-Paid off Not released) 16.D.9.b Packet Pg. 1789 Attachment: SHIP DPCC Paid Not released (6562 : SHIP SOM-Paid off Not released) 16.D.9.b Packet Pg. 1790 Attachment: SHIP DPCC Paid Not released (6562 : SHIP SOM-Paid off Not released) 16.D.9.b Packet Pg. 1791 Attachment: SHIP DPCC Paid Not released (6562 : SHIP SOM-Paid off Not released) 16.D.9.b Packet Pg. 1792 Attachment: SHIP DPCC Paid Not released (6562 : SHIP SOM-Paid off Not released) 16.D.9.b Packet Pg. 1793 Attachment: SHIP DPCC Paid Not released (6562 : SHIP SOM-Paid off Not released) 16.D.9.c Packet Pg. 1794 Attachment: SHIP Rehab Affordability Period (6562 : SHIP SOM-Paid off Not released) 16.D.9.c Packet Pg. 1795 Attachment: SHIP Rehab Affordability Period (6562 : SHIP SOM-Paid off Not released) 16.D.9.c Packet Pg. 1796 Attachment: SHIP Rehab Affordability Period (6562 : SHIP SOM-Paid off Not released) 16.D.9.c Packet Pg. 1797 Attachment: SHIP Rehab Affordability Period (6562 : SHIP SOM-Paid off Not released) 16.D.9.c Packet Pg. 1798 Attachment: SHIP Rehab Affordability Period (6562 : SHIP SOM-Paid off Not released) 16.D.9.c Packet Pg. 1799 Attachment: SHIP Rehab Affordability Period (6562 : SHIP SOM-Paid off Not released) 16.D.9.c Packet Pg. 1800 Attachment: SHIP Rehab Affordability Period (6562 : SHIP SOM-Paid off Not released) 16.D.9.c Packet Pg. 1801 Attachment: SHIP Rehab Affordability Period (6562 : SHIP SOM-Paid off Not released) 16.D.9.c Packet Pg. 1802 Attachment: SHIP Rehab Affordability Period (6562 : SHIP SOM-Paid off Not released) 16.D.9.c Packet Pg. 1803 Attachment: SHIP Rehab Affordability Period (6562 : SHIP SOM-Paid off Not released) 16.D.9.c Packet Pg. 1804 Attachment: SHIP Rehab Affordability Period (6562 : SHIP SOM-Paid off Not released) 16.D.9.c Packet Pg. 1805 Attachment: SHIP Rehab Affordability Period (6562 : SHIP SOM-Paid off Not released) Program File #Folio Address Recipient name Same Owner (Y or N) Homestead (Y or NA) Mortgage (OR/Pg ) Subordination Mortgage Amount/ Payoff Amount Payoff Check # Payment Slip # Deposited at GMD SHIP DPCC 98-021 40523640004 3431 12th Ave NE Scott L Randall & Jennifer L Christensen Y NA 2339/2165 $2,500.00 9/27/2002 872552 HS 104238 SHIP DPCC 00-401 62266280000 5442 Texas Ave St Vilus Pierrelus & Aline Pierrelus Y NA 2718/1886 $5,000.00 10/14/2002 88009824216 HS 104768 SHIP DPCC 01-198 40292400009 2410 24th Ave N Paul & Kimberly MacDonough Y NA 2799/2778 $2,500.00 11/29/2002 32910 HS 106750 SHIP DPCC 99-013 62099160009 5349 Carlton St Reyes, Teodoro Y NA 2481/0494 $5,000.00 10/25/2001 9321016046 HS 91538 SHIP DPCC 00-256 47871000001 3331 Guilford Ct Grant, Karen Y NA 2660/3315 $5,000.00 3/30/2002 16502 HS 97126 Total Repaid $20,000.00 The following table provides details regarding the associated mortgages that have met their obligation. As such, satisfactions are required. Program File #Folio Address Recipient name Same Owner (Y or N) Homestead (Y or N) Mortgage (OR/Pg ) Subordination Mortgage Amount/ Payoff Amount Date of Mortgage # of years Affordability date SHIP SFR 1995 36312560008 2289 51st Terrace Mariam Ocheltree Y Y 2128/0587 2130/893 $14,250.00 7/26/1995 20 7/26/2015 SHIP SFR 1996 63853400001 911 New Market Rd W Laurette J Magloire Y Y 2179/0486 2542/0492 $14,710.00 02/01/21996 20 2/1/2016 SHIP DPCC 1995 62153600007 5322 Caldwell St Gonzalez, Armando V & Angelica B Y Y 2097/1643 2830/2264 4931/969 $2,500.00 8/21/1995 20 8/21/2015 Total to be forgiven $31,460.00 16.D.9.d Packet Pg. 1806 Attachment: Backup-Paid Off Not Released-Affordability Period Complete (6562 : SHIP SOM-Paid off Not