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Agenda 06/14/2022 Item #16D3 (Mortgage Satisfactions Habitat/SHIP Program)06/14/2022 EXECUTIVE SUMMARY Recommendation to approve and authorize the Chairman to sign three (3) mortgage satisfactions for the State Housing Initiatives Partnership (SHIP) loan program in the amount of $150,000; this transaction is a transfer of mortgage liability from Habitat for Humanity of Collier County, Inc., to the homeowners provided with home purchase assistance through the Construction Assistance Strategy. (SHIP Grant Fund 791) OBJECTIVE: To support the affordability of housing in Collier County through the State Housing Initiatives Partnership (SHIP) new construction assistance program. CONSIDERATIONS: SHIP provided funds to a for-profit and a not-for-profit organization to be used for the new construction cost and all associated fees and permits for residential resale of single-family housing for resale to income-qualified homebuyers in Collier County. As a condition of the award, the organization is required to execute a promissory note and mortgage during construction in the amount of $50,000 in favor of the County and issue a construction subsidy credit for said amount upon resale at closing on behalf of the income-qualified homebuyer. At the time of resale, the income-qualified homebuyers received the construction subsidy in the amount of $50,000 and executed a promissory note and mortgage in favor of Collier County. As a condition of award, the homeowners are required to repay the assistance upon sale, refinance, or loss of homestead exemption during the fifteen-year affordability term. The following table provides details regarding the associated Habitat for Humanity of Collier County, Inc mortgages that are proposed to be satisfied due to the homebuyer's executed replacement mortgage, also shown. FILE # ORGANIZATION PUBLIC RECORD HOMEBUYER PUBLIC RECORD MORTGAGE AMOUNT 21-001CA Habitat for Humanity of Collier County, Inc. OR 6100/ PG 146 Fredy J. Mejia OR 6105/ PG 2228 $50,000 21-002CA Habitat for Humanity of Collier County, Inc. OR 6100/ PG 169 Maria Jose Santiago OR 6105/ PG 2125 $50,000 21-004CA Habitat for Humanity of Collier County, Inc. OR 6100/ PG 111 Yisis Tamayo Aguilera OR 6106 PG 3002 $50,000 TOTAL $150,000 Approval of this item will authorize the Chairman to sign the attached satisfaction of mortgage and the executed documents shall be recorded in the Public Records of Collier County, Florida. FISCAL IMPACT: There is no Fiscal impact associated with Satisfaction of Mortgage. The total recording fee of $30 will be paid from SHIP Grant Fund (791), Project 33759. GROWTH MANAGEMENT IMPACT: The SHIP program furthers the goals and objectives of the Housing Element of the Growth Management Plan. 16.D.3 Packet Pg. 1372 06/14/2022 LEGAL CONSIDERATIONS: This item is approved for form and legality and requires a majority vote for Board approval. -DDP RECOMMENDATION: To approve three (3) mortgage satisfactions for the State Housing Initiatives Partnership loan program in the amount of $150,000; this transaction is a transfer of mortgage liability from Habitat for Humanity of Collier County, Inc., to the homeowners pr ovided with home purchase assistance through the Construction Assistance Strategy. Prepared By: Karina Bardales, Grant Support Specialist, Community & Human Services Division ATTACHMENT(S) 1. Backup Docs Whitaker Woods Unit 601 (PDF) 2. Backup Docs Whitaker Woods Unit 602 (PDF) 3. Backup Docs Whitaker Woods Unit 604 (PDF) 4. SOM Habitat (PDF) 16.D.3 Packet Pg. 1373 06/14/2022 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.3 Doc ID: 22060 Item Summary: Recommendation to approve and authorize the Chairman to sign three (3) mortgage satisfactions for the State Housing Initiatives Partnership (SHIP) loan program in the amount of $150,000; this transaction is a transfer of mortgage liability from Habitat for Humanity of Collier County, Inc., to the homeowners provided with home purchase assistance through the Construction Assistance Strategy. (SHIP Grant Fund 791) Meeting Date: 06/14/2022 Prepared by: Title: – Community & Human Services Name: Karina Bardales 04/29/2022 8:37 AM Submitted by: Title: Manager - Federal/State Grants Operation – Community & Human Services Name: Kristi Sonntag 04/29/2022 8:37 AM Approved By: Review: Community & Human Services Lisa Carr Additional Reviewer Completed 04/29/2022 12:06 PM Community & Human Services Blanca Aquino Luque Additional Reviewer Completed 05/10/2022 3:09 PM Communications, Government, and Public Affairs Lisa Weinmann Additional Reviewer Completed 05/12/2022 11:51 AM Community & Human Services Kristi Sonntag CHS Review Completed 05/12/2022 3:04 PM Community & Human Services Jacob LaRow Additional Reviewer Completed 05/13/2022 7:16 AM Operations & Veteran Services Kimberley Grant Additional Reviewer Completed 05/13/2022 1:19 PM Community & Human Services Maggie Lopez Additional Reviewer Completed 05/17/2022 11:03 AM Capital Project Planning, Impact Fees, and Program Management Gino Santabarbara Additional Reviewer Completed 05/17/2022 11:20 AM Public Services Department Todd Henry PSD Level 1 Reviewer Completed 05/19/2022 12:21 PM Grants Erica Robinson Level 2 Grants Review Completed 05/23/2022 2:17 PM Public Services Department Tanya Williams PSD Department Head Review Completed 05/24/2022 9:37 AM County Attorney's Office Derek D. Perry Level 2 Attorney Review Completed 05/24/2022 11:40 PM Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 05/25/2022 8:50 AM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 05/25/2022 11:20 AM Growth Management Operations Support Christopher Johnson Additional Reviewer Completed 05/26/2022 7:51 AM 16.D.3 Packet Pg. 1374 06/14/2022 Grants Therese Stanley Additional Reviewer Completed 05/31/2022 4:44 PM County Manager's Office Dan Rodriguez Level 4 County Manager Review Completed 06/02/2022 8:46 AM Board of County Commissioners Geoffrey Willig Meeting Pending 06/14/2022 9:00 AM 16.D.3 Packet Pg. 1375 16.D.3.a Packet Pg. 1376 Attachment: Backup Docs Whitaker Woods Unit 601 (22060 : Satisfactions of Mortgage-Developer) 16.D.3.a Packet Pg. 1377 Attachment: Backup Docs Whitaker Woods Unit 601 (22060 : Satisfactions of Mortgage-Developer) 16.D.3.a Packet Pg. 1378 Attachment: Backup Docs Whitaker Woods Unit 601 (22060 : Satisfactions of Mortgage-Developer) 16.D.3.a Packet Pg. 1379 Attachment: Backup Docs Whitaker Woods Unit 601 (22060 : Satisfactions of Mortgage-Developer) 16.D.3.a Packet Pg. 1380 Attachment: Backup Docs Whitaker Woods Unit 601 (22060 : Satisfactions of Mortgage-Developer) 16.D.3.a Packet Pg. 1381 Attachment: Backup Docs Whitaker Woods Unit 601 (22060 : Satisfactions of Mortgage-Developer) 16.D.3.a Packet Pg. 1382 Attachment: Backup Docs Whitaker Woods Unit 601 (22060 : Satisfactions of Mortgage-Developer) 16.D.3.a Packet Pg. 1383 Attachment: Backup Docs Whitaker Woods Unit 601 (22060 : Satisfactions of Mortgage-Developer) 16.D.3.b Packet Pg. 1384 Attachment: Backup Docs Whitaker Woods Unit 602 (22060 : Satisfactions of Mortgage-Developer) 16.D.3.b Packet Pg. 1385 Attachment: Backup Docs Whitaker Woods Unit 602 (22060 : Satisfactions of Mortgage-Developer) 16.D.3.b Packet Pg. 1386 Attachment: Backup Docs Whitaker Woods Unit 602 (22060 : Satisfactions of Mortgage-Developer) 16.D.3.b Packet Pg. 1387 Attachment: Backup Docs Whitaker Woods Unit 602 (22060 : Satisfactions of Mortgage-Developer) 16.D.3.b Packet Pg. 1388 Attachment: Backup Docs Whitaker Woods Unit 602 (22060 : Satisfactions of Mortgage-Developer) 16.D.3.b Packet Pg. 1389 Attachment: Backup Docs Whitaker Woods Unit 602 (22060 : Satisfactions of Mortgage-Developer) 16.D.3.b Packet Pg. 1390 Attachment: Backup Docs Whitaker Woods Unit 602 (22060 : Satisfactions of Mortgage-Developer) 16.D.3.b Packet Pg. 1391 Attachment: Backup Docs Whitaker Woods Unit 602 (22060 : Satisfactions of Mortgage-Developer) 16.D.3.c Packet Pg. 1392 Attachment: Backup Docs Whitaker Woods Unit 604 (22060 : Satisfactions of Mortgage-Developer) 16.D.3.c Packet Pg. 1393 Attachment: Backup Docs Whitaker Woods Unit 604 (22060 : Satisfactions of Mortgage-Developer) 16.D.3.c Packet Pg. 1394 Attachment: Backup Docs Whitaker Woods Unit 604 (22060 : Satisfactions of Mortgage-Developer) 16.D.3.c Packet Pg. 1395 Attachment: Backup Docs Whitaker Woods Unit 604 (22060 : Satisfactions of Mortgage-Developer) 16.D.3.c Packet Pg. 1396 Attachment: Backup Docs Whitaker Woods Unit 604 (22060 : Satisfactions of Mortgage-Developer) 16.D.3.c Packet Pg. 1397 Attachment: Backup Docs Whitaker Woods Unit 604 (22060 : Satisfactions of Mortgage-Developer) 16.D.3.c Packet Pg. 1398 Attachment: Backup Docs Whitaker Woods Unit 604 (22060 : Satisfactions of Mortgage-Developer) 16.D.3.c Packet Pg. 1399 Attachment: Backup Docs Whitaker Woods Unit 604 (22060 : Satisfactions of Mortgage-Developer) 16.D.3.dPacket Pg. 1400Attachment: SOM Habitat (22060 : Satisfactions of Mortgage-Developer) 16.D.3.dPacket Pg. 1401Attachment: SOM Habitat (22060 : Satisfactions of Mortgage-Developer) 16.D.3.dPacket Pg. 1402Attachment: SOM Habitat (22060 : Satisfactions of Mortgage-Developer)