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Agenda 04/28/2020 Item #16D 3 (Mortgage Satisfactions)04/28/2020 EXECUTIVE SUMMARY Recommendation to approve seven (7) mortgage satisfactions for the State Housing Initiatives Partnership loan program in the amount of $350,000. OBJECTIVE: To support the affordability of housing in Collier County through the State Housing Initiatives Partnership (SHIP) new construction assistance program. CONSIDERATIONS: The 2016-2019 Local Housing Assistance Plan (LHAP) was approved by the Board of County Commissioners (Board) on September 26, 2017, Agenda Item #11A. This LHAP included a New Construction strategy that allows SHIP funds to be awarded to for -profit and not-for- profit developer to offset the cost of new construction. Upon completion of the home, the developer will sell the home to a qualified buyer in Collier County. As a condition of the award, the developer is required to execute a promissory note and mortgage during construction in the amount of $50,000 in favor of the County and issue a construction subsidy credit for said amount upon resale at closing on behalf of the income-qualified homebuyer. At the time of resale, the income-qualified homebuyers are required to execute a promissory note and mortgage in favor of Collier County for $50,0000. As a condition of award, the homeowners are required to repay the assistance upon sale, refinance or loss of homestead exemption for failure to maintain the home as their primary residence during the fifteen-year affordability term. The following table provides details regarding the associated mortgages that are proposed to be satisfied due to the homebuyers’ executed replacement mortgages and promissory notes: FILE # ORGANIZATION PUBLIC RECORD HOMEBUYER PUBLIC RECORD MORTGAGE AMOUNT CA101 FL Star Construction, LLC OR 5656/ PG 3558 Hernandez, Serafin & Keira OR 5698/ PG 1730 $50,000 CA103 FL Star Construction, LLC OR 5656/ PG 3561 Parra, Angelica OR 5698/ PG 3381 $50,000 CA106 FL Star Construction, LLC OR 5656/ PG 3564 Perez, Roberto & Maria S. Peren OR 5709/ PG 2533 $50,000 18-02CA Habitat for Humanity of Collier County, Inc OR 5685/ PG 3942 Avila Viscaya, Veronica OR 5701/ PG 3092 $50,000 18-03CA Habitat for Humanity of Collier County, Inc. OR 5685/ PG 3939 Sandra Bonilla OR 5701/ PG 3062 $50,000 18-04CA Habitat for Humanity of Collier County, Inc. OR 5685/ PG 3936 Reyes Zavala, Juan A. & Ma Del Carmen Galomo Govea OR 5719/ PG 3531 $50,000 TOTAL $300,000 Furthermore, the home secured by the below mortgage was withdrawn from the original group of properties designated to be purchased by a SHIP income-qualified applicant. This property is no longer included in the Construction Assistance program and will not be sold to a SHIP income-qualified applicant. An alternate property will be identified at a later date. No funds have been provided for the below property. 16.D.3 Packet Pg. 2018 04/28/2020 File # ORGANIZATION PUBLIC RECORD MORTGAGE AMOUNT CA-102 FL Star Construction, LLC OR 5723 PG 1791 and Re-recorded in OR5726 PG 613 $50,000 TOTAL $50,000 Approval of this Item will authorize the Chairman to sign the attached satisfaction of mortgages and the executed documents shall be recorded in the Public Records of Collier County, Florida. FISCAL IMPACT: There is no Fiscal impact associated with Satisfaction of Mortgage. The seven (7) recording fees of $10 will be paid from SHIP Grant Fund (791), Project 33613. GROWTH MANAGEMENT IMPACT: The SHIP Program furthers the goals and objectives of the Housing Element of the Growth Management Plan. LEGAL CONSIDERATIONS: This Item is approved for form and legality and requires a majority vote for Board approval. -JAB RECOMMENDATION: To approve seven (7) mortgage satisfactions for the State Housing Initiatives Partnership loan program in the amount of $350,000. Prepared By: Lisa N. Carr, Senior Grants Coordinator, Community & Human Services Division ATTACHMENT(S) 1. Backup Docs. FL STAR CONST. 1113 Hamilton St (PDF) 2. Backup Docs. FL STAR CONST. 1121 Hamilton St (PDF) 3. Backup Docs. FL STAR CONST. -1133 Hamilton St (PDF) 4. Backup Docs FL STAR CONST. 1117 Hamilton St (PDF) 5. Backup Docs. HfH 1026 Dockside #306 (PDF) 6. Backup Docs. HfH 1026 Dockside #306 (PDF) 7. Backup Docs. HfH 1032 Dockside #101 (PDF) 8. Satisfaction of Mortgages (PDF) 16.D.3 Packet Pg. 2019 04/28/2020 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.3 Doc ID: 11797 Item Summary: Recommendation to approve seven (7) mortgage satisfactions for the State Housing Initiatives Partnership loan program in the amount of $350,000. Meeting Date: 04/28/2020 Prepared by: Title: Grants Coordinator – Community & Human Services Name: Lisa Carr 02/24/2020 1:58 PM Submitted by: Title: Manager - Federal/State Grants Operation – Community & Human Services Name: Kristi Sonntag 02/24/2020 1:58 PM Approved By: Review: Community & Human Services Leslie Davis Additional Reviewer Completed 02/28/2020 3:19 PM Community & Human Services Kristi Sonntag CHS Review Completed 03/05/2020 2:47 PM Community & Human Services Maggie Lopez Additional Reviewer Completed 03/09/2020 3:24 PM Community & Human Services Cormac Giblin Additional Reviewer Completed 03/20/2020 10:09 AM Operations & Veteran Services Kimberley Grant Level 1 Reviewer Completed 03/23/2020 12:09 PM Public Services Department Todd Henry Level 1 Division Reviewer Completed 03/24/2020 12:37 PM Grants Erica Robinson Level 2 Grants Review Completed 03/24/2020 1:24 PM County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 03/26/2020 4:48 PM Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 04/07/2020 2:15 PM Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 04/07/2020 2:36 PM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 04/07/2020 4:09 PM Budget and Management Office Ed Finn Additional Reviewer Completed 04/07/2020 7:03 PM Grants Therese Stanley Additional Reviewer Completed 04/13/2020 10:55 AM County Manager's Office Nick Casalanguida Level 4 County Manager Review Completed 04/18/2020 11:06 AM Board of County Commissioners MaryJo Brock Meeting Pending 04/28/2020 9:00 AM 16.D.3 Packet Pg. 2020 16.D.3.a Packet Pg. 2021 Attachment: Backup Docs. FL STAR CONST. 1113 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.a Packet Pg. 2022 Attachment: Backup Docs. FL STAR CONST. 1113 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.a Packet Pg. 2023 Attachment: Backup Docs. FL STAR CONST. 1113 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.a Packet Pg. 2024 Attachment: Backup Docs. FL STAR CONST. 1113 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.a Packet Pg. 2025 Attachment: Backup Docs. FL STAR CONST. 1113 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.a Packet Pg. 2026 Attachment: Backup Docs. FL STAR CONST. 1113 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.a Packet Pg. 2027 Attachment: Backup Docs. FL STAR CONST. 1113 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.a Packet Pg. 2028 Attachment: Backup Docs. FL STAR CONST. 1113 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.a Packet Pg. 2029 Attachment: Backup Docs. FL STAR CONST. 1113 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.a Packet Pg. 2030 Attachment: Backup Docs. FL STAR CONST. 1113 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.a Packet Pg. 2031 Attachment: Backup Docs. FL STAR CONST. 1113 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.b Packet Pg. 2032 Attachment: Backup Docs. FL STAR CONST. 1121 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.b Packet Pg. 2033 Attachment: Backup Docs. FL STAR CONST. 1121 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.b Packet Pg. 2034 Attachment: Backup Docs. FL STAR CONST. 1121 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.b Packet Pg. 2035 Attachment: Backup Docs. FL STAR CONST. 1121 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.b Packet Pg. 2036 Attachment: Backup Docs. FL STAR CONST. 1121 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.b Packet Pg. 2037 Attachment: Backup Docs. FL STAR CONST. 1121 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.b Packet Pg. 2038 Attachment: Backup Docs. FL STAR CONST. 1121 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.c Packet Pg. 2039 Attachment: Backup Docs. FL STAR CONST. -1133 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.c Packet Pg. 2040 Attachment: Backup Docs. FL STAR CONST. -1133 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.c Packet Pg. 2041 Attachment: Backup Docs. FL STAR CONST. -1133 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.c Packet Pg. 2042 Attachment: Backup Docs. FL STAR CONST. -1133 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.c Packet Pg. 2043 Attachment: Backup Docs. FL STAR CONST. -1133 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.c Packet Pg. 2044 Attachment: Backup Docs. FL STAR CONST. -1133 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.c Packet Pg. 2045 Attachment: Backup Docs. FL STAR CONST. -1133 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.d Packet Pg. 2046 Attachment: Backup Docs FL STAR CONST. 1117 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.d Packet Pg. 2047 Attachment: Backup Docs FL STAR CONST. 1117 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.d Packet Pg. 2048 Attachment: Backup Docs FL STAR CONST. 1117 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.d Packet Pg. 2049 Attachment: Backup Docs FL STAR CONST. 1117 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.d Packet Pg. 2050 Attachment: Backup Docs FL STAR CONST. 1117 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.d Packet Pg. 2051 Attachment: Backup Docs FL STAR CONST. 1117 Hamilton St (11797 : SHIP Construction Assistance SOM) 16.D.3.e Packet Pg. 2052 Attachment: Backup Docs. HfH 1026 Dockside #306 (11797 : SHIP Construction Assistance SOM) 16.D.3.e Packet Pg. 2053 Attachment: Backup Docs. HfH 1026 Dockside #306 (11797 : SHIP Construction Assistance SOM) 16.D.3.e Packet Pg. 2054 Attachment: Backup Docs. HfH 1026 Dockside #306 (11797 : SHIP Construction Assistance SOM) 16.D.3.e Packet Pg. 2055 Attachment: Backup Docs. HfH 1026 Dockside #306 (11797 : SHIP Construction Assistance SOM) 16.D.3.e Packet Pg. 2056 Attachment: Backup Docs. HfH 1026 Dockside #306 (11797 : SHIP Construction Assistance SOM) 16.D.3.e Packet Pg. 2057 Attachment: Backup Docs. HfH 1026 Dockside #306 (11797 : SHIP Construction Assistance SOM) 16.D.3.e Packet Pg. 2058 Attachment: Backup Docs. HfH 1026 Dockside #306 (11797 : SHIP Construction Assistance SOM) 16.D.3.e Packet Pg. 2059 Attachment: Backup Docs. HfH 1026 Dockside #306 (11797 : SHIP Construction Assistance SOM) 16.D.3.e Packet Pg. 2060 Attachment: Backup Docs. HfH 1026 Dockside #306 (11797 : SHIP Construction Assistance SOM) 16.D.3.e Packet Pg. 2061 Attachment: Backup Docs. HfH 1026 Dockside #306 (11797 : SHIP Construction Assistance SOM) 16.D.3.f Packet Pg. 2062 Attachment: Backup Docs. HfH 1026 Dockside #306 (11797 : SHIP Construction Assistance SOM) 16.D.3.f Packet Pg. 2063 Attachment: Backup Docs. HfH 1026 Dockside #306 (11797 : SHIP Construction Assistance SOM) 16.D.3.f Packet Pg. 2064 Attachment: Backup Docs. HfH 1026 Dockside #306 (11797 : SHIP Construction Assistance SOM) 16.D.3.f Packet Pg. 2065 Attachment: Backup Docs. HfH 1026 Dockside #306 (11797 : SHIP Construction Assistance SOM) 16.D.3.f Packet Pg. 2066 Attachment: Backup Docs. HfH 1026 Dockside #306 (11797 : SHIP Construction Assistance SOM) 16.D.3.f Packet Pg. 2067 Attachment: Backup Docs. HfH 1026 Dockside #306 (11797 : SHIP Construction Assistance SOM) 16.D.3.f Packet Pg. 2068 Attachment: Backup Docs. HfH 1026 Dockside #306 (11797 : SHIP Construction Assistance SOM) 16.D.3.f Packet Pg. 2069 Attachment: Backup Docs. HfH 1026 Dockside #306 (11797 : SHIP Construction Assistance SOM) 16.D.3.f Packet Pg. 2070 Attachment: Backup Docs. HfH 1026 Dockside #306 (11797 : SHIP Construction Assistance SOM) 16.D.3.f Packet Pg. 2071 Attachment: Backup Docs. HfH 1026 Dockside #306 (11797 : SHIP Construction Assistance SOM) 16.D.3.g Packet Pg. 2072 Attachment: Backup Docs. HfH 1032 Dockside #101 (11797 : SHIP Construction Assistance SOM) 16.D.3.g Packet Pg. 2073 Attachment: Backup Docs. HfH 1032 Dockside #101 (11797 : SHIP Construction Assistance SOM) 16.D.3.g Packet Pg. 2074 Attachment: Backup Docs. HfH 1032 Dockside #101 (11797 : SHIP Construction Assistance SOM) 16.D.3.g Packet Pg. 2075 Attachment: Backup Docs. HfH 1032 Dockside #101 (11797 : SHIP Construction Assistance SOM) 16.D.3.g Packet Pg. 2076 Attachment: Backup Docs. HfH 1032 Dockside #101 (11797 : SHIP Construction Assistance SOM) 16.D.3.g Packet Pg. 2077 Attachment: Backup Docs. 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HfH 1032 Dockside #101 (11797 : SHIP Construction Assistance SOM) 16.D.3.h Packet Pg. 2082 Attachment: Satisfaction of Mortgages (11797 : SHIP Construction Assistance SOM) 16.D.3.h Packet Pg. 2083 Attachment: Satisfaction of Mortgages (11797 : SHIP Construction Assistance SOM) 16.D.3.h Packet Pg. 2084 Attachment: Satisfaction of Mortgages (11797 : SHIP Construction Assistance SOM) 16.D.3.h Packet Pg. 2085 Attachment: Satisfaction of Mortgages (11797 : SHIP Construction Assistance SOM) 16.D.3.h Packet Pg. 2086 Attachment: Satisfaction of Mortgages (11797 : SHIP Construction Assistance SOM) 16.D.3.h Packet Pg. 2087 Attachment: Satisfaction of Mortgages (11797 : SHIP Construction Assistance SOM) 16.D.3.h Packet Pg. 2088 Attachment: Satisfaction of Mortgages (11797 : SHIP Construction Assistance SOM)