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Agenda 04/22/2025 Item #16D 2 (Sign thirty mortgage satisfactions for the SHIP loan program totaling $288,311.92 and authorize the budget amendment to appropriate $113,207.95 in repayment funds.)4/22/2025 Item # 16.D.2 ID# 2025-1066 Executive Summary Recommendation to approve and authorize the Chairman to sign thirty (30) mortgage satisfactions for the State Housing Initiatives Partnership loan program in the amount of $288,311.92, and to authorize the associated Budget Amendment to appropriate repayment amount totaling $113,207.95. (SHIP Grant Fund 1053) OBJECTIVE: To support the County's strategic initiative of comprehensive affordable housing opportunities through home ownership and/or rehabilitation assistance programs funded by the State Housing Initiatives Partnership (SHIP). CONSIDERATIONS: The State Housing Initiatives Partnership Program (SHIP), a state affordable housing program, offers assistance to first-time homebuyers for use toward a portion of the required down payment and emergency repairs to the newly acquired home, or rehabilitation assistance to homeowners for rehabilitation to their homesteaded property. As a condition of the loan, the homeowner must repay the assistance provided upon sale before the end of the affordability term, refinance or loss of homestead exemption. If all conditions of the loan are met, the loan is fully forgiven. The following table provides details regarding the associated mortgages that have met the affordability period or were paid off. As such, satisfactions of mortgage are required. File # Name Reason for Payoff Public Record Mortgage or Mortgage Modification Amount Payment Amount Countywide Impact Fee Y/N 02-224 Juan Gomez-Cruz and Julia A. Garcia Affordability period met OR 3067/PG 1958 $5,000.00 $0.00 N 04-024 Gary Jean Chery Affordability period met OR 3435/PG2458 $5,000.00 $0.00 N 00-388 Daniel Garcia and Kristie Garcia Affordability period met OR 2684/PG2804 $2,500.00 $0.00 N 03-243 Jose l. Villagomez and Norma M. Villagomez Affordability period met OR 3342/PG 3187 $5,000.00 $0.00 N 03-077 Clement Vincent and Daniella Vincent Affordability period met OR 3179/PG 3275 $5,000.00 $0.00 N 04-111 Carlos Acosta and Gladys Castano Property Sold OR 3602/PG 3269 $5,000.00 $5,000.00* N 17-17MH Kathryn S. Linder Property Sold OR 5930/PG 1486 OR 5615/PG 0339 OR 5596/PG 2727 $142,811.92 $95,207.95** N 03-073 Jose Luis Gonzalez and Maria Guadalupe Vega Affordability period met OR 3180/PG 0258 $5,000.00 $0.00 N 03-074 Gaspar Juan A/K/A Juan Gaspar and Rosa Bartolo Affordability period met OR 3175/PG 1136 $2,500.00 $0.00 N 03-374 Froylan Resendiz and Maria Carmen Resendiz Affordability period met OR 3173/PG 0470 $5,000.00 $0.00 N 03-080 Marie Saint Georges Affordability period met OR 3248/PG 3214 $5,000.00 $0.00 N 03-085 Douglas R. Webb Property Sold OR 3201/PG 0256 $5,000.00 $5,000.00* N 03-090 Jean O Rinvil and Marie T Rinvil Affordability period met OR 3288/PG 0716 $2,500.00 $0.00 N 03-092 Juan Manuel Vera and Maria Alicia Vera Affordability period met OR 3229/PG 0804 $5,000.00 $0.00 N Page 4491 of 6355 4/22/2025 Item # 16.D.2 ID# 2025-1066 03-093 Noelia Martinez Affordability period met OR 3229/PG 0821 $5,000.00 $0.00 N 03-094 Lorenzo Martinez and Aida Martinez Affordability period met OR 3229/PG 0616 $5,000.00 $0.00 N 03-099 Jean Denize and Marie Denize Affordability period met OR 3173/PG 0497 $5,000.00 $0.00 N 03-106 Maxime Joseph and Marie Karine F Joseph Affordability period met OR 3207/PG 1086 $5.000.00 $0.00 N 03-107 Silvia Hernandez Affordability period met OR 3212/PG 3025 $5,000.00 $0.00 N 03-109 Luis F Londono and Rosalba Cardona Affordability period met OR 3207/PG 0921 $5,000.00 $0.00 N 03-110 J. Guadalupe Flores and Evangelina Vazquez Affordability period met OR 3207/PG 1224 $5,000.00 $0.00 N 00-310 Jean S Jospeh and Dieula Joseph Affordability period met OR 2648/PG 2550 $2,500.00 $0.00 N 03-119 Carlos Alvarado and Margarita Alvarado Affordability period met OR 3237/PG 0309 $5,000.00 $0.00 N 03-120 Juan Gonzalez and Leticia Gonzalez Affordability period met OR 3225/PG 2698 $5,000.00 $0.00 N 03-121 Ramiro Soto and Maria Esther Soto Affordability period met OR 3207/PG 1389 $5,000.00 $0.00 N 03-125 Alejandro J Ortiz and Mariana Trejo Affordability period met OR 3212/PG 3047 $2,500.00 $0.00 N 03-145 Micheline Imprevert*** Affordability period met OR 3245/PG 1848 $5,000.00 $0.00 N 05-082 Mark T. Korzen Property Sold OR 4111/PG 1680 $18,000.00 $18,000.00 N 03-158 Sarah Gladish Affordability period met OR 3295/PG 1642 $5,000.00 $0.00 N 03-163 Joseph Cephat and Idoria C. Dure Affordability period met OR 3295/PG 2101 $5,000.00 $0.00 N Total $288,311.92 $123,207.95 *Income recognized in a previous fiscal year. **A portion of the mortgage has been forgiven according to the terms in the agreement. *** Mortgage signed on 2/28/2003-Incorrect Date written on document prior to recording 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. This item is consistent with the Collier County strategic plan objective support comprehensive affordable housing opportunities FISCAL IMPACT: The Budget Amendment recognizes $113,207.95 in program income for which 5% will be used for administrative funds. The repayment of $10,000.00 was previously recognized in the year the funds were paid. The $10 recording fee for the thirty satisfactions of mortgage will be paid from the SHIP Grant Fund (1053), Project 33863. 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.-JAK RECOMMENDATIONS: To approve and authorize the Chairman to sign thirty (30) mortgage satisfactions for the Page 4492 of 6355 4/22/2025 Item # 16.D.2 ID# 2025-1066 State Housing Initiatives Partnership loan program in the amount of $288,311.92, and to authorize the associated Budget Amendment to appropriate repayment amount totaling $113,207.95. (SHIP Grant Fund 1053) PREPARED BY: Michelle Rubbo, Grants Support Specialist II, Community and Human Services Division ATTACHMENTS: 1. 4.22.25 SHIP SOMS (30) SIGNED 2. 4.22.25 SHIP SOMS BACKUP_Redacted 3. 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