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Agenda 06/27/2017 Item #16D1006/27/2017 EXECUTIVE SUMMARY Recommendation to approve four mortgage satisfactions for the State Housing Initiatives Partnership (SHIP) loan program in the combined amount of $45,050. OBJECTIVE: To support the affordability of housing in Collier County through SHIP down payment, emergency repair, and rehabilitation assistance programs. CONSIDERATIONS: SHIP, a State affordable housing program, provides financial 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 the award, the homeowner must repay the assistance provided upon sale, refinance, or loss of homestead exemption. The following table provides details regarding the associated mortgages that have been repaid in full. As such, satisfactions of mortgages are required. Mr. and Mrs. Perez sold their home. Ms. Jonassaint, Mr. and Mrs. Valdes, and Mr. and Mrs. Ricardo/Quinones Gerpe and Mr. Ricardo Quinones refinanced their homes. File # Name Security Instrument Mortgage Amount Payoff Amount Public Record 06-012 Diego P. Perez Garcia & Berta Oseguera de Perez SHIP DPCC Mortgage $18,750.00 $18,750.00 OR4185PG0867 01-033 Amelie Jonassaint SHIP DPCC Mortgage $3,300.00 $3,300.00 OR2863PG2097 14-009 George Jesus Valdes and Cristina Munne Valdes SHIP DPCC Mortgage $20,000.00 $20,000.00 OR5127PG605 09-189 Miguel E. Ricardo and Loida Quinones Gerpe and Miguel A. Ricardo Quinones SHIP Owner Occupied Rehab Mortgage $3,000.00 $3,000.00 OR4505PG2109 TOTAL $45,050.00 $45,050.00 Approval of this item will authorize the Chairman to sign the attached satisfactions of mortgage, and the executed documents shall be recorded in the Public Records of Collier County, Florida. FISCAL IMPACT: The repaid amount of $45,050 satisfies the mortgage amount due to the recapture provision as noted above and emergency rehabilitation funds expended. These repayments are considered program income and have been deposited in SHIP Grant Fund 791 , Project 33467, and may be reused for eligible SHIP activities. Four $10 recording fees will be paid by the homeowners. GROWTH MANAGEMENT IMPACT: There is no growth management impact. LEGAL CONSIDERATIONS: This item is approved for form and legality and requires a majority vote 16.D.10 Packet Pg. 1049 06/27/2017 for Board approval. - JAB RECOMMENDATION: To approve and authorize the Chairman to sign four mortgage satisfactions for owner-occupied affordable housing units for which repayment in full has been provided to Collier County. Prepared By: Elizabeth Hernandez, SHIP Grant Support Specialist, Community & Human Services Division ATTACHMENT(S) 1. Satisfaction of Mortgage (4) (PDF) 2. Mortgages (4) (PDF) 3. SAP Backup SOM (PDF) 16.D.10 Packet Pg. 1050 06/27/2017 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.10 Doc ID: 3273 Item Summary: Recommendation to approve four mortgage satisfactions for the State Housing Initiatives Partnership (SHIP) loan program in the combined amount of $45,050. Meeting Date: 06/27/2017 Prepared by: Title: – Community & Human Services Name: Elizabeth Hernandez 05/25/2017 3:35 PM Submitted by: Title: Division Director - Cmnty & Human Svc – Public Services Department Name: Kimberley Grant 05/25/2017 3:35 PM Approved By: Review: Community & Human Services Maggie Lopez Additional Reviewer Completed 05/25/2017 4:19 PM Community & Human Services Kristi Sonntag Additional Reviewer Completed 05/26/2017 11:13 AM Community & Human Services Leslie Davis Additional Reviewer Completed 05/30/2017 9:39 AM Public Services Department Joshua Hammond Additional Reviewer Completed 05/30/2017 4:03 PM Public Services Department Kimberley Grant Additional Reviewer Completed 06/14/2017 5:32 PM Public Services Department Hailey Margarita Alonso Level 1 Division Reviewer Completed 06/15/2017 8:24 AM County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 06/15/2017 9:22 AM Grants Erica Robinson Level 2 Grants Review Completed 06/15/2017 1:47 PM Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 06/16/2017 4:12 PM Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 06/16/2017 4:32 PM Grants Therese Stanley Additional Reviewer Completed 06/16/2017 4:42 PM Budget and Management Office Ed Finn Additional Reviewer Completed 06/16/2017 5:02 PM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 06/19/2017 8:29 AM County Manager's Office Leo E. Ochs Level 4 County Manager Review Completed 06/19/2017 11:21 AM Board of County Commissioners MaryJo Brock Meeting Pending 06/27/2017 9:00 AM 16.D.10 Packet Pg. 1051 16.D.10.a Packet Pg. 1052 Attachment: Satisfaction of Mortgage (4) (3273 : SHIP SOM (4) BCC 6/27/17) 16.D.10.a Packet Pg. 1053 Attachment: Satisfaction of Mortgage (4) (3273 : SHIP SOM (4) BCC 6/27/17) 16.D.10.a Packet Pg. 1054 Attachment: Satisfaction of Mortgage (4) (3273 : SHIP SOM (4) BCC 6/27/17) 16.D.10.a Packet Pg. 1055 Attachment: Satisfaction of Mortgage (4) (3273 : SHIP SOM (4) BCC 6/27/17) 16.D.10.b Packet Pg. 1056 Attachment: Mortgages (4) (3273 : SHIP SOM (4) BCC 6/27/17) 16.D.10.b Packet Pg. 1057 Attachment: Mortgages (4) (3273 : SHIP SOM (4) BCC 6/27/17) 16.D.10.b Packet Pg. 1058 Attachment: Mortgages (4) (3273 : SHIP SOM (4) BCC 6/27/17) 16.D.10.b Packet Pg. 1059 Attachment: Mortgages (4) (3273 : SHIP SOM (4) BCC 6/27/17) 16.D.10.b Packet Pg. 1060 Attachment: Mortgages (4) (3273 : SHIP SOM (4) BCC 6/27/17) 16.D.10.b Packet Pg. 1061 Attachment: Mortgages (4) (3273 : SHIP SOM (4) BCC 6/27/17) 16.D.10.b Packet Pg. 1062 Attachment: Mortgages (4) (3273 : SHIP SOM (4) BCC 6/27/17) 16.D.10.b Packet Pg. 1063 Attachment: Mortgages (4) (3273 : SHIP SOM (4) BCC 6/27/17) 16.D.10.b Packet Pg. 1064 Attachment: Mortgages (4) (3273 : SHIP SOM (4) BCC 6/27/17) 16.D.10.b Packet Pg. 1065 Attachment: Mortgages (4) (3273 : SHIP SOM (4) BCC 6/27/17) 16.D.10.b Packet Pg. 1066 Attachment: Mortgages (4) (3273 : SHIP SOM (4) BCC 6/27/17) 16.D.10.b Packet Pg. 1067 Attachment: Mortgages (4) (3273 : SHIP SOM (4) BCC 6/27/17) 16.D.10.b Packet Pg. 1068 Attachment: Mortgages (4) (3273 : SHIP SOM (4) BCC 6/27/17) 16.D.10.c Packet Pg. 1069 Attachment: SAP Backup SOM (3273 : SHIP SOM (4) BCC 6/27/17)