Agenda 12/09/2025 Item #16D10 (The Chair to sign two (2) mortgage satisfactions for the State Housing Initiatives Partnership loan program)12/9/2025
Item # 16.D.10
ID# 2025-4654
Executive Summary
Recommendation to approve and authorize the Chair to sign two (2) mortgage satisfactions for the State Housing
Initiatives Partnership loan program in the amount of $34,500.00 due to the death of the borrower(s). (SHIP Grant Fund
1053)
OBJECTIVE: To advance the County’s strategic goal of Community Development by expanding affordable housing
opportunities for low- and moderate-income residents through homeownership and rehabilitation 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 borrower(s), all debts will be forgiven for all
affordable housing programs administered by Collier County Community and Human Services Division (“CHS”). The
Death Certificates for the deceased have 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
08-005 Shannon M. Potter Deceased OR 4349/PG 3667 $19,500.00 $0.00
05-017R Catherine Russell and
Michael Russell
Deceased OR 3839/PG 3646 $15,000.00 $0.00
Total $34,500.00 $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 to 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 two (2) mortgage satisfactions for will be paid from the SHIP Grant Fund (1053),
Project 33907.
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
RECOMMENDATION(S): To approve and authorize the Chair to sign two (2) mortgage satisfactions for the State
Housing Initiatives Partnership loan program in the amount of $34,500.00 due to the death of the borrower(s). (SHIP
Grant Fund 1053).
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12/9/2025
Item # 16.D.10
ID# 2025-4654
PREPARED BY: To approve and authorize the chairman to sign two (2) mortgage satisfactions for the State Housing
Initiatives Partnership loan program in the amount of $34,500.00 due to the death of the borrower(s). (SHIP Grant Fund
1053).
ATTACHMENTS:
1. Satisfaction of Mortgage (2) Signed
2. 12.9.25 SHIP SOMS DECEASED BACKUP
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