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Agenda 07/14/2020 Item #16D10 (Satisfaction of Mortgage from CDBG Loan Program)07/14/2020 EXECUTIVE SUMMARY Recommendation to approve and authorize the chairman to sign one (1) Satisfaction of Mortgage for the Community Development Block Grant loan program in the amount of $20,000 for an owner-occupied dwelling unit that has satisfied the terms of the affordability period. OBJECTIVE: To support the affordability of housing in Collier County through the Community Development Block Grant (CDBG). CONSIDERATIONS: Collier County offers assistance to individuals to purchase a home through federal grants, such as the CDBG. In conformance with the requirements of CDBG, contained in 24 CFR 570.503(b)(7) and 2 CFR 200.311, the homeowners have met the affordability requirements for five (5) years. If the property is continuously occupied as the principal residence during the initial five-year period, the purchase assistance provided is forgiven. The following table details the client’s fulfilled obligation of the CDBG assistance provided and is entitled to a satisfaction of mortgage. Grant Type of Assistance Name(s) OR Book /Page Mortgage Date Forgiveness Date Amount of Assistance CDBG Purchase Assistance Orlando Ramirez Pardo and Betsy Hernandez Gonzalez OR5160/ PG2578 May 05, 2015 May 05, 2020 $20,000 Approval of this Item will authorize the Chairman to sign the aforementioned satisfaction of mortgage and the executed document shall be recorded in the Public Records of Collier County, Florida. FISCAL IMPACT: There is no Fiscal impact since there is no recapture of funds; these grant funds are forgivable upon satisfaction of the affordability period. The $10 Recording fee required to release the mortgage will be paid from CDBG fund (705) Project 33631. GROWTH MANAGEMENT IMPACT: None. LEGAL CONSIDERATIONS: This Item is approved for form and legality and requires a majority vote for Board approval. -JAB RECOMMENDATION: To Approve and authorize the chairman to sign one (1) Satisfaction of Mortgage for the Community Development Block Grant loan program in the amount of $20,000 for an owner-occupied dwelling unit that has satisfied the terms of the affordability period. Prepared By: Lisa N. Carr, Senior Grants Coordinator, Community & Human Services Division ATTACHMENT(S) 1. Ramirez-SOM (PDF) 2. Backup Docs CDBG - Ramirez (PDF) 16.D.10 Packet Pg. 2140 07/14/2020 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.10 Doc ID: 12690 Item Summary: Recommendation to approve and authorize the chairman to sign one (1) Satisfaction of Mortgage for the Community Development Block Grant loan program in the amount of $20,000 for an owner-occupied dwelling unit that has satisfied the terms of the affordability period. Meeting Date: 07/14/2020 Prepared by: Title: Grants Coordinator – Community & Human Services Name: Lisa Carr 06/16/2020 5:58 PM Submitted by: Title: Manager - Federal/State Grants Operation – Community & Human Services Name: Kristi Sonntag 06/16/2020 5:58 PM Approved By: Review: Community & Human Services Cormac Giblin Additional Reviewer Completed 06/17/2020 10:53 AM Communication and Customer Relations Lisa Weinmann Additional Reviewer Completed 06/17/2020 1:50 PM Community & Human Services Kristi Sonntag CHS Review Completed 06/19/2020 3:51 PM Operations & Veteran Services Kimberley Grant Level 1 Reviewer Completed 06/22/2020 1:28 PM Community & Human Services Maggie Lopez Additional Reviewer Completed 06/22/2020 3:26 PM Public Services Department Todd Henry Level 1 Division Reviewer Completed 06/23/2020 9:36 AM Grants Erica Robinson Level 2 Grants Review Completed 06/23/2020 10:29 AM County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 06/23/2020 11:10 AM Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 06/26/2020 9:36 AM Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 06/26/2020 10:51 AM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 06/26/2020 3:20 PM Budget and Management Office Ed Finn Additional Reviewer Completed 06/29/2020 9:46 AM Grants Therese Stanley Additional Reviewer Completed 06/29/2020 12:19 PM County Manager's Office Geoffrey Willig Level 4 County Manager Review Completed 07/06/2020 5:00 PM Board of County Commissioners MaryJo Brock Meeting Pending 07/14/2020 9:00 AM 16.D.10 Packet Pg. 2141 16.D.10.a Packet Pg. 2142 Attachment: Ramirez-SOM (12690 : CDBG DPA SOM) 16.D.10.b Packet Pg. 2143 Attachment: Backup Docs CDBG - Ramirez (12690 : CDBG DPA SOM) 16.D.10.b Packet Pg. 2144 Attachment: Backup Docs CDBG - Ramirez (12690 : CDBG DPA SOM) 16.D.10.b Packet Pg. 2145 Attachment: Backup Docs CDBG - Ramirez (12690 : CDBG DPA SOM) 16.D.10.b Packet Pg. 2146 Attachment: Backup Docs CDBG - Ramirez (12690 : CDBG DPA SOM) 16.D.10.b Packet Pg. 2147 Attachment: Backup Docs CDBG - Ramirez (12690 : CDBG DPA SOM) 16.D.10.b Packet Pg. 2148 Attachment: Backup Docs CDBG - Ramirez (12690 : CDBG DPA SOM)