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Agenda 12/10/2024 Item #16D 4 (Sign 29 mortgage satisfaction for the State Housing Initiatives Partnership loan Program of $196,300.00 - Authorize the associated Budget Amendment to appropriate repayment amount totaling $18,000.00. (SHIP Grant Fund 1053))12/10/2024 Item # 16.D.4 ID# 2024-1715 Executive Summary Recommendation to approve and authorize the chairman to sign 29 mortgage satisfactions for the State Housing Initiatives Partnership loan program in the total amount of $196,300.00 and to authorize the associated Budget Amendment to appropriate repayment amount totaling $18,000.00. (SHIP Grant Fund 1053) OBJECTIVE: To support the County's strategic initiative of quality of place through down payment and emergency repair and/or rehabilitation assistance programs funded by the State Housing Initiatives Partnership (SHIP) program. CONSIDERATIONS: The SHIP program offers assistance to first-time homebuyers for use toward a portion of the required down payment and/or emergency repairs to the newly acquired home, or rehabilitation assistance to homeowners for rehabilitation to their homesteaded property. As a condition of the rehabilitation award, the homeowner must repay the assistance provided upon any occurrence of the following events before the end of the affordability term: sale of the property, refinance, or loss of homestead exemption. If all conditions of the loan are met, one-third of the loan will be forgiven in five-year increments so that at the end of the fifteenth (15) year the loan is fully forgiven. The following table provides details regarding the associated mortgages that have been satisfied through payoff, death or met the affordability period. Resolution No. 18-58 provides that in the event of the death of the borrowers, all debts will be forgiven for all affordable housing programs administered by the Collier County Community and Human Services Division (CHS). The Death Certificate for the deceased has been provided to CHS. Furthermore, there are no outstanding County Wide Impact Fees for the clients listed below. File # Name Reason for Payoff Public Record Mortgage or Mortgage Modification Amount Payment Amount Countywide Impact Fee Y/N 05-038 Jessica J. McNulty Property Sold OR 4010 PG 2425 $18,000.00 $18,000.00 N* 01-241 Felix F. Ortiz and Marina Ortiz Affordability period met OR 2792 PG 2326 $2,500.00 $0.00 N** 03-048 Katie Green Deceased OR 3273 PG 3266 $15,000.00 $0.00 N 00-207 Gail Paxson and Pusey John Paxson Affordability period met OR 2649 PG 2474 and Re- recorded OR 2687 PG 2048 $5,000.00 $0.00 N 00-011 Jose Ivis Navarrete and Rosavra Naverrete A/K/A Jose Luis Navarrete and Rosaura Navarrete Affordability period met OR 2844 PG 1169 $3,300.00 $0.00 N ** 02-118 Henry B. Gonzalez Affordability period met OR 2970 PG 2365 $5,000.00 $0.00 N Page 6551 of 10663 12/10/2024 Item # 16.D.4 ID# 2024-1715 and Lisa Gonzalez 02-093 Jose Guadalupe and Genoveva Guadalupe Affordability period met OR 2958 PG 1439 $5,000.00 $0.00 N *** 01-240 Richard J. O’Brien Affordability period met OR 2841 PG 2124 $5,000.00 $0.00 N 03-037 Eric Gaumann Affordability period met OR 3115 PG 0099 $7,500.00 $0.00 N 01-242 Jacqueline Aladin Affordability period met OR 2800 PG 2094 $2,500.00 $0.00 N** 04-036 James D. Ballard Affordability Period Met OR 3431 PG 2289 $5,000.00 $0.00 N 01-265 Antonio Leiva and Zarai H. Velazquez Property Sold OR 2836 PG 0151 $5,000.00 $5,000.00 N **** 00-159 Frank Ricker Affordability period met OR 2633 PG 2825 $5,000.00 $0.00 N 03-043R Jorge Hernandez and Maria Hewrnandez A/K/A Maria Hernandez Affordability period met OR 3235 PG 1742 $15,000.00 $0.00 N 03-053R Dube Benjamin and Marie Benjamin Affordability period met OR 3345 PG 1205 $15,000.00 $0.00 N** 99-061 Crispin Martinez and Olga Martinez Affordability period met OR 2543 PG 1332 $5,000.00 $0.00 N 03-200 Mary L. Tarnowski Property Sold OR 3316 PG 2413 $7,500.00 $7,093.21 N **** 03-214 J. Guadalupe Serrato and Luz Solorio Serrato Affordability period met OR 3353 PG 3401 $5,000.00 $0.00 N ** 04-027 R Rose Simon Deceased OR 3596 PG 1618 $15,000.00 $0.00 N ** Page 6552 of 10663 12/10/2024 Item # 16.D.4 ID# 2024-1715 03-220 Alberto and Ventura Lopez Affordability period met OR 3328 PG 602 $5,000.00 $0.00 N ** 03-219 Agustin Jimenez and Leonor Jimenez Affordability period met OR 3342 PG 0854 $5,000.00 $0.00 N ** 03-195 Jean D Deceus and Marie K Deceus Affordability period met OR 3328 PG 1170 $5,000.00 $0.00 N ** 03-209 Faustino Ortiz and Isabel Ortiz Affordability period met OR 3342 PG 0309 $5,000.00 $0.00 N ** 03-330 Esmerava Montero Affordability period met OR 3112 PG 2307 $5,000.00 $0.00 N ** 03-029 Tasha N Stephenson Affordability period met OR 3105 PG 3164 $5,000.00 $0.00 N ** 03-159 Marie L Sainvil Affordability period met OR 3311 PG 0743 $5,000.00 $0.00 N ** 03-207 Moise Smith and Erlange Edouard Affordability period met OR 3322 PG 1003 $5,000.00 $0.00 N ** 03-026 Israel Valdez and Ana Valdez Affordability period met OR 3105 PG 3070 $5,000.00 $0.00 N ** 03-012 Salvador Avila Segovia and Maria O Avila Affordability period met OR 3106 PG 0066 $5,000.00 $0.00 N ** Total $196,300.00 $30,093.21 *The owner paid the Impact Fees, which were released on 10/4/2017 OR 5437/PG 393. **The property owners received SHIP Impact Fee Waivers through the Developer (Habitat for Humanity of Collier County, Inc.) that met the 15-year affordability period, and the lien was released. ***The above owners received SHIP Impact Fees that met the 15-year affordability period and the lien was released on 1/12/2018 OR 5467/PG 1879. **** The Program Income was already recognized in the year that the loan was paid off. Approval of this item will authorize the Chairman to sign the aforementioned mortgage satisfactions and the executed document shall be recorded in the Public Records of Collier County, Florida. Page 6553 of 10663 12/10/2024 Item # 16.D.4 ID# 2024-1715 FISCAL IMPACT: The repaid amount of $30,093.21 satisfies the payoff amount for the above referenced SHIP loans of which $12,093.21 was previously recognized in the year the funds were paid. The repayment of $18,000.00 is considered program income of which 5% ($900.00) will be used as administrative funds and has been deposited in SHIP Grant Fund 1053, Project 33907. A recording fee of $10.00 has been paid by the homeowners who sold their homes. The $10 recording fee for the twenty-nine satisfactions of mortgage will be paid from the SHIP Grant Fund (1053), Project 33807. GROWTH MANAGEMENT IMPACT: There is no growth management impact. LEGAL CONSIDERATIONS: This item is approved as to form and legality and requires a majority vote for Board approval. - CJS RECOMMENDATIONS: To approve and authorize the chairman to sign twenty-nine (29) mortgage satisfactions for the State Housing Initiatives Partnership loan program in the amount of $196,300.00 and to authorize the associated Budget Amendment to appropriate repayment amount totaling $18,000.00. (SHIP Grant Fund 1053) PREPARED BY: Prepared By: Michelle Rubbo, Grants Support Specialist II, Community and Human Services Division ATTACHMENTS: 1. 12.10.2024 Stamped SOMS 2. SHIP SOMs BACKUP 12.10.2024 (1) 3. 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