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Agenda 04/22/2025 Item #16D 3 (Sign three (3) mortgage satisfactions for the State Housing Initiatives Partnership loan program in the amount of $22,500.00 due to the death of the borrower(s). (SHIP Grant Fund 1053))4/22/2025 Item # 16.D.3 ID# 2025-954 Executive Summary Recommendation to approve and authorize the Chairman to sign three (3) mortgage satisfactions for the State Housing Initiatives Partnership loan program in the amount of $22,500.00 due to the death of the borrower(s). (SHIP Grant Fund 1053) OBJECTIVE: To support the County’s strategic initiative of quality of place 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, and rehabilitation assistance to homeowners for rehabilitation to their homesteaded property. As a condition of award, the homeowner must repay the assistance provided upon sale, refinance, or loss of homestead exemption. 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 Collier County Community and Human Services Division (“CHS”). The Death Certificate for the deceased has been provided to CHS. The following table provides details regarding the associated mortgages that have been forgiven due to the borrower’s death. There are no outstanding County Wide Impact Fees for the clients listed below. As such, satisfactions of mortgage are required. File # Name Reason for Payoff Public Record Mortgage Amount Payoff Amount 03-267 Marie L. Jules Deceased OR 3426/PG 0668 $5,000.00 $0.00 04-200 Dorlande Reseau Deceased OR 3676 /PG 3086 $10,000.00 $0.00 03-091 Candice Hamilton Est Deceased OR 3162 /PG 2643 $7,500.00 $0.00 Total $22,500.00 $0.00 Approval of these items will authorize the Chairman to sign the aforementioned mortgage satisfactions, 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 Support comprehensive affordable housing opportunities. FISCAL IMPACT: There is no Fiscal impact upon the borrower’s death, as the funds are forgiven, and the lien is to be released. The $10 recording fee for the three (3) mortgage satisfactions for Jules, Reseau and Hamilton 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 three (3) mortgage satisfactions for the State Housing Initiatives Partnership loan program in the amount of $22,500.00 due to the death of the borrower(s). (SHIP Grant Fund 1053). PREPARED BY: Michelle Rubbo, Grants Support Specialist II, Community & Human Services Division Page 4709 of 6355 4/22/2025 Item # 16.D.3 ID# 2025-954 ATTACHMENTS: 1. ES SHIP SOMs Deceased 4.22.2025 CAO 2. 4.22.25 SHIP SOMs Deceased Signed 3. 4.22.2025 SHIP SOMS DECEASED BACKUP Page 4710 of 6355 EXECUTIVE SUMMARY Recommendation to approve and authorize the chairman to sign three (3) mortgage satisfactions for the State Housing Initiatives Partnership loan program in the amount of $22,500.00 due to the death of the borrower(s). (SHIP Grant Fund 1053) OBJECTIVE: To support the County’s strategic initiative of quality of place 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, and rehabilitation assistance to homeowners for rehabilitation to their homesteaded property. As a condition of award, the homeowner must repay the assistance provided upon sale, refinance, or loss of homestead exemption. 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 Collier County Community and Human Services Division (“CHS”). The Death Certificate for the deceased has been provided to CHS. The following table provides details regarding the associated mortgages that have been forgiven due to the borrower’s death. There are no outstanding County Wide Impact Fees for the clients listed below. As such, satisfactions of mortgage are required. File #Name Reason for Payoff Public Record Mortgage Amount Payoff Amount 03-267 Marie L. Jules Deceased OR 3426/PG 0668 $5,000.00 $0.00 04-200 Dorlande Reseau Deceased OR 3676 /PG 3086 $10,000.00 $0.00 03-091 Candice Hamilton Est Deceased OR 3162 /PG 2643 $7,500.00 $0.00 Total $22,500.00 $0.00 Approval of these items will authorize the Chairman to sign the aforementioned mortgage satisfactions, and the executed documents shall be recorded in the Public Records of Collier County, Florida. FISCAL IMPACT: There is no Fiscal impact upon the borrower’s death, as the funds are forgiven, and the lien is to be released. The $10 recording fee for the three (3) mortgage satisfactions for Jules, Reseau and Hamilton will be paid from the SHIP Grant Fund (1053), Project 33863. LEGAL CONSIDERATIONS: This item is approved for form and legality and requires a majority vote for Board approval.-JAK GROWTH MANAGEMENT IMPACT: There is no Growth Management impact. RECOMMENDATION: To approve and authorize the chairman to sign three (3) mortgage satisfactions for the State Housing Initiatives Partnership loan program in the amount of $22,500.00 due to the death of the borrower(s). (SHIP Grant Fund 1053). Prepared By: Michelle Rubbo, Grants Support Specialist II, Community & Human Services Division Page 4711 of 6355 Page 4712 of 6355 Page 4713 of 6355 Page 4714 of 6355 Page 4715 of 6355 Page 4716 of 6355 Page 4717 of 6355 Page 4718 of 6355 Page 4719 of 6355 Page 4720 of 6355 Page 4721 of 6355 Page 4722 of 6355 Page 4723 of 6355 Page 4724 of 6355 Page 4725 of 6355 Page 4726 of 6355