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Agenda 10/23/2018 Item #16D 310/23/2018 EXECUTIVE SUMMARY Recommendation to approve two (2) satisfactions of mortgage for the State Housing Initiatives Partnership (SHIP) Loan Program in the combined amount of $22,750. OBJECTIVE: To support the affordability of housing in Collier County through the SHIP down payment, emergency repair, and/or rehabilitation assistance programs. CONSIDERATIONS: SHIP, a state affordable housing program, provides assistance to first-time homebuyers for use towards a portion of the required down payment and emergency repairs to the newly acquired home. As a condition of award, the homeowner must repay the assistance provided upon sale, refinance, or loss of homestead exemption. Community and Human Services (CHS) staff has recently received payoff requests and payments for two (2) properties listed below, the mortgages having been paid in full and the loan is satisfied. The following table provides details regarding the homeowners that have met their obligation and therefore, need their mortgage satisfied. File # Name Date Mortgage Signed Recording Date Mortgage OR Book & Page Mortgage Amount Payoff Amount 01-218 Vasquez, Fortino and Trevino, Claudia 03/29/2001 04/03/2001 2800/1882 $2,500 $2,500 07-140 Shipman, Latoya 03/10/2008 04/08/2008 4347/1614 $20,250 $20,250* Total $22,750 $22,750 *NOTE: This was a foreclosure. Approval of this Item will authorize the Chairman to sign the satisfactions of mortgage and the executed documents shall be recorded in the Public Records of Collier County, Florida. FISCAL IMPACT: The repaid amount of $22,750 satisfies the mortgage amounts due to the recapture provision as noted above. These repayments are considered program income. $22,750 was deposited in SHIP Grant Fund (791), Project 33569. Deposited funds will be used for eligible SHIP activities. The two (2) recording fees of $10 have been paid by Habitat for Humanity. LEGAL CONSIDERATIONS: This Item is approved for form and legality and requires a majority vote for Board approval -JAB GROWTH MANAGEMENT IMPACT: The SHIP housing programs help the County meet some of the goals and objectives of the Housing Element of the Growth Management Plan. RECOMMENDATION: To approve and authorize the Chair to sign two (2) satisfactions of mortgage for the State Housing Initiatives Partnership (SHIP) loan program in the combined amount of $22,750. Prepared By: Susan Golden, Sr. Housing & Grant Coordinator, CHS Division 16.D.3 Packet Pg. 836 10/23/2018 ATTACHMENT(S) 1. Original mortgages (PDF) 2. SAP SOMs 10.23.18 (PDF) 3. 2 Satisfactions (PDF) 16.D.3 Packet Pg. 837 10/23/2018 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.3 Doc ID: 6930 Item Summary: Recommendation to approve two (2) satisfactions of mortgage for the State Housing Initiatives Partnership (SHIP) loan program in the combined amount of $22,750. Meeting Date: 10/23/2018 Prepared by: Title: – Community & Human Services Name: Susan Golden 10/01/2018 12:01 PM Submitted by: Title: Manager - Federal/State Grants Operation – Community & Human Services Name: Kristi Sonntag 10/01/2018 12:01 PM Approved By: Review: Community & Human Services Leslie Davis Additional Reviewer Completed 10/01/2018 12:02 PM Community & Human Services Cormac Giblin Additional Reviewer Completed 10/01/2018 2:12 PM Community & Human Services Maggie Lopez Additional Reviewer Completed 10/02/2018 2:49 PM Community & Human Services Todd Henry Additional Reviewer Skipped 10/03/2018 8:23 AM Public Services Department Kimberley Grant Level 1 Reviewer Completed 10/03/2018 1:30 PM Public Services Department Todd Henry Level 1 Division Reviewer Completed 10/04/2018 11:14 AM County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 10/04/2018 2:32 PM Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 10/09/2018 9:53 AM County Attorney's Office Emily Pepin CAO Preview Completed 10/09/2018 3:46 PM Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 10/09/2018 4:00 PM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 10/10/2018 10:37 AM Budget and Management Office Ed Finn Additional Reviewer Completed 10/11/2018 10:37 AM County Manager's Office Heather Yilmaz Level 4 County Manager Review Completed 10/15/2018 10:13 AM Board of County Commissioners MaryJo Brock Meeting Pending 10/23/2018 9:00 AM 16.D.3 Packet Pg. 838 16.D.3.a Packet Pg. 839 Attachment: Original mortgages (6930 : SHIP Satisfactions of Mortgage) 16.D.3.a Packet Pg. 840 Attachment: Original mortgages (6930 : SHIP Satisfactions of Mortgage) 16.D.3.a Packet Pg. 841 Attachment: Original mortgages (6930 : SHIP Satisfactions of Mortgage) 16.D.3.a Packet Pg. 842 Attachment: Original mortgages (6930 : SHIP Satisfactions of Mortgage) 16.D.3.a Packet Pg. 843 Attachment: Original mortgages (6930 : SHIP Satisfactions of Mortgage) 16.D.3.a Packet Pg. 844 Attachment: Original mortgages (6930 : SHIP Satisfactions of Mortgage) 16.D.3.b Packet Pg. 845 Attachment: SAP SOMs 10.23.18 (6930 : SHIP Satisfactions of Mortgage) 16.D.3.cPacket Pg. 846Attachment: 2 Satisfactions (6930 : SHIP Satisfactions of Mortgage) 16.D.3.cPacket Pg. 847Attachment: 2 Satisfactions (6930 : SHIP Satisfactions of Mortgage)