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Agenda 02/25/2025 Item #16D 5 (Sign sixteen (16) mortgage satisfactions for the State -To support the comprehensive affordable housing opportunities in Collier County through the State Housing Initiatives Partnership (SHIP))2/25/2025 Item # 16.D.5 ID# 2025-314 Executive Summary Recommendation to approve and authorize the Chairman to sign sixteen (16) mortgage satisfactions for the State Housing Initiatives Partnership loan program in the amount of $800,000. 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 New Construction Assistance Strategy. (SHIP Grant Fund 1053) OBJECTIVE: To support the comprehensive affordable housing opportunities in Collier County through the State Housing Initiatives Partnership (SHIP) New Construction assistance program. CONSIDERATIONS: The State Housing Initiatives Partnership Program (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 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 homebuyers' executed replacement mortgages and promissory notes, also shown. FILE ORGANIZATION PUBLIC HOMEBUYER PUBLIC MORTGAGE # RECORD FILE# RECORD AMOUNT PARCEL # OR/PG & OR/PG & RECORDED RECORDED DATE DATE 21- Habitat for Humanity of 6303/3114 Garcia, Antonio Gallardo 6324/2572 $50,000.00 016CA Collier County, Inc. & Villagomez, Janeth Balcazar Parcel # 73744000584 11/7/2023 SHIP File 22-017CA 1/26/2024 23- Habitat for Humanity of 6315/3569 Deslouche, Deliverance 6325/1220 $50,000.00 001 CA Collier County, Inc. Parcel # 81750002186 12/21/2023 SHIP File 22-018CA 1/30/2024 22- Habitat for Humanity of 6350/3239 Palacios, Maria San Juana 6364/2846 $50,000.00 019CA Collier County, Inc. Rodriguez Parcel#81750001763 4/18/2024 SHIP File 22-019CA 5/30/2024 21- Habitat for Humanity of 6337/6 Achelus, Nerva 6340/3249 $50,000.00 017CA Collier County, Inc. Parcel#81750002209 3/8/2024 SHIP File 22-021CA 3/20/2024 Page 64 of 94 2/25/2025 Item # 16.D.5 ID# 2025-314 23- Habitat for Humanity of 6315/3573 Serrato, Elias & Puente, 6324/2449 $50,000.00 002CA Collier County, Inc. Graciela Garcia Parcel#81750002128 12/21/2023 SHIP File 23-OO1CA 1/26/2024 23- Habitat for Humanity of 6315/3559 Pierre, Linda 6324/2473 $50,000.00 004CA Collier County, Inc. Parcel#73744000445 12/21/2023 SHIP File 23-003CA 1/26/2024 23- Habitat for Humanity of 6315/3576 Chery, Emmanuelle 6325/1319 $50,000.00 003CA Collier County, Inc. Parcel#81750002160 12/21/2023 SHIP File 23-002CA 1/30/2024 23- Habitat for Humanity of 6346/501 Calderon, Eloy Gonzalez 6356/3620 $50,000.00 004CA Collier County, Inc. & Orozco, Oralia Garcia Parcel#73744000665 4/4/2024 SHIP File 23-004CA 5/6/2024 23- Habitat for Humanity of 6357/1674 Reque, Iliana Gonzalez 6367/496 $50,000.00 006CA Collier County Inc. 6391/3679 SHIP File 23-006CA 6416/3891 *re -recorded to correct *re -recorded to correct parcel # parcel # Parcel#73744000306 5/7/2024 Parcel#73744000306 6/5/2024 *8/22/2024 * 11/22/2024 23- Habitat for Humanity of 6362/1504 Enriquez, Magaly Garcia 6369/2217 $50,000.00 O1 OCA Collier County, Inc. Parcel#73744000322 5/22/2024 SHIP File 23-OIOCA 6/11/2024 23- Habitat for Humanity of 6362/1481 Leon, Yadier Perez 6373/2612 $50,000.00 009CA Collier County, Inc. Parcel#73744000380 5/22/2024 SHIP File 23-009CA 6/25/2024 23- Habitat for Humanity of 6364/3578 Charles, Iltana 6374/655 $50,000.00 005CA Collier County, Inc. SHIP File 23-005CA 6416/3879 5/30/2024 *re -recorded to correct 6/26/2024 parcel # *11/22/2024 Parcel#81750001983 Parcel#81750001983 23- Habitat for Humanity of 6366/896 Hernandez, Jenys Pita 6377/2983 $50,000.00 013CA Collier County, Inc. Parcel#81750002005 6/4/2024 SHIP File 23-013CA 7/8/2024 23- Habitat for Humanity of 6366/947 Noel, Marie Darly 6377/2050 $50,000.00 O11CA Collier County, Inc. Parcel#81750002021 6/4/2024 SHIP File 23-011 CA 7/8/2024 Page 65 of 94 2/25/2025 Item # 16.D.5 ID# 2025-314 23- Habitat for Humanity of 6364/3585 Mendez, Octavio 6377/2581 $50,000.00 007CA Collier County, Inc. Quevedo, & Tovar, Guadalupe Moya Parcel#81750002102 5/30/2024 SHIP File 23-007CA 7/8/2024 23- Habitat for Humanity of 6369/1207 Castellon, Yordanka Uria 6377/2174 $50,000.00 015CA Collier County, Inc. Parcel#81750001909 6/11/2024 SHIP File 23-015CA 7/8/2024 TOTAL $800,000.00 Approval of this item will authorize the Chairperson to sign the attached satisfaction of mortgages, and the executed documents shall be recorded in the Public Records of Collier County, Florida. This item is consistent with the Collier County strategic plan objective to support comprehensive affordable housing opportunities. FISCAL IMPACT: There is no new Fiscal Impact. These transactions are 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. Funds were provided from SHIP Grant Fund (1053), Projects 33759 and 33807. 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. -JAK RECOMMENDATIONS: To approve and authorize the Chairman to sign sixteen (16) mortgage satisfactions for the State Housing Initiatives Partnership loan program in the amount of $800,000. 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. PREPARED BY: Wendy Klopf, Grants Coordinator I, Community & Human Services Division ATTACHMENTS: SOM-HFH Developer Mortgages CAO HfH Mtg-Homebuyer Mtg Backup Page 66 of 94 Page 1758 of 2568 Page 1759 of 2568 Page 1760 of 2568 Page 1761 of 2568 Page 1762 of 2568 Page 1763 of 2568 Page 1764 of 2568 Page 1765 of 2568 Page 1766 of 2568 Page 1767 of 2568 Page 1768 of 2568 Page 1769 of 2568 Page 1770 of 2568 Page 1771 of 2568 Page 1772 of 2568 Page 1773 of 2568 Page 1774 of 2568 Page 1775 of 2568 Page 1776 of 2568 Page 1777 of 2568 Page 1778 of 2568 Page 1779 of 2568 Page 1780 of 2568 Page 1781 of 2568 Page 1782 of 2568 Page 1783 of 2568 Page 1784 of 2568 Page 1785 of 2568 Page 1786 of 2568 Page 1787 of 2568 Page 1788 of 2568 Page 1789 of 2568 Page 1790 of 2568 Page 1791 of 2568 Page 1792 of 2568 Page 1793 of 2568 Page 1794 of 2568 Page 1795 of 2568 Page 1796 of 2568 Page 1797 of 2568 Page 1798 of 2568 Page 1799 of 2568 Page 1800 of 2568 Page 1801 of 2568 Page 1802 of 2568 Page 1803 of 2568 Page 1804 of 2568 Page 1805 of 2568 Page 1806 of 2568 Page 1807 of 2568 Page 1808 of 2568 Page 1809 of 2568 Page 1810 of 2568 Page 1811 of 2568 Page 1812 of 2568 Page 1813 of 2568 Page 1814 of 2568 Page 1815 of 2568 Page 1816 of 2568 Page 1817 of 2568 Page 1818 of 2568 Page 1819 of 2568 Page 1820 of 2568 Page 1821 of 2568 Page 1822 of 2568 Page 1823 of 2568 Page 1824 of 2568 Page 1825 of 2568 Page 1826 of 2568 Page 1827 of 2568 Page 1828 of 2568 Page 1829 of 2568 Page 1830 of 2568 Page 1831 of 2568 Page 1832 of 2568 Page 1833 of 2568 Page 1834 of 2568 Page 1835 of 2568 Page 1836 of 2568 Page 1837 of 2568 Page 1838 of 2568 Page 1839 of 2568 Page 1840 of 2568 Page 1841 of 2568 Page 1842 of 2568 Page 1843 of 2568 Page 1844 of 2568 Page 1845 of 2568 Page 1846 of 2568 Page 1847 of 2568 Page 1848 of 2568 Page 1849 of 2568 Page 1850 of 2568 Page 1851 of 2568 Page 1852 of 2568 Page 1853 of 2568 Page 1854 of 2568 Page 1855 of 2568 Page 1856 of 2568 Page 1857 of 2568 Page 1858 of 2568 Page 1859 of 2568 Page 1860 of 2568 Page 1861 of 2568 Page 1862 of 2568 Page 1863 of 2568 Page 1864 of 2568 Page 1865 of 2568 Page 1866 of 2568 Page 1867 of 2568 Page 1868 of 2568 Page 1869 of 2568 Page 1870 of 2568 Page 1871 of 2568 Page 1872 of 2568 Page 1873 of 2568 Page 1874 of 2568 Page 1875 of 2568 Page 1876 of 2568 Page 1877 of 2568 Page 1878 of 2568 Page 1879 of 2568 Page 1880 of 2568 Page 1881 of 2568 Page 1882 of 2568 Page 1883 of 2568 Page 1884 of 2568 Page 1885 of 2568 Page 1886 of 2568 Page 1887 of 2568 Page 1888 of 2568 Page 1889 of 2568 Page 1890 of 2568 Page 1891 of 2568 Page 1892 of 2568 Page 1893 of 2568 Page 1894 of 2568 Page 1895 of 2568 Page 1896 of 2568 Page 1897 of 2568 Page 1898 of 2568 Page 1899 of 2568 Page 1900 of 2568 Page 1901 of 2568 Page 1902 of 2568 Page 1903 of 2568 Page 1904 of 2568 Page 1905 of 2568 Page 1906 of 2568 Page 1907 of 2568 Page 1908 of 2568 Page 1909 of 2568 Page 1910 of 2568 Page 1911 of 2568 Page 1912 of 2568