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Agenda 02/09/2021 Item #16D1 (Satisfactions of Mortgage - SHIP & HOME Programs)02/09/2021 EXECUTIVE SUMMARY Recommendation to approve two mortgage satisfactions for the State Housing Initiatives Partnership (SHIP) loan program and HOME Investment Partnership Program (HOME) and authorize the associated Budget Amendments. OBJECTIVE: To support the affordability of housing by offering down payment and emergency repair and/or rehabilitation assistance through state and federal grant programs. 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. As a condition of award, the homeowner must repay the assistance provided upon sale, refinance or loss of homestead exemption. Pursuant to Section 420.9075(1), Florida Statutes, the SHIP Program may provide the local matching share of federal affordable housing grants or programs as a non-Federal matching contribution. 24 CFR 92.503(c) requires that any SHIP monies used to match F ederal HOME program monies be repaid to the HOME program fund and are considered program income under the HOME program. The Fox loan qualifies as a SHIP matching loan, therefore the repayment will be made to the HOME Investment Trust Fund. The following table details SHIP loans for which repayment has been provided to Collier County. File # Recipient Name Security Instrument Mortgage Amount Payoff Amount Public Record 12-045 John Fox SHIP Second Mortgage $20,000.00 $20,000.00 OR BK: 5050, PG: 444 Recorded on: 06/20/2014 09-363 Maria V. Escobar Guevara SHIP Second Mortgage $3,000.00 $3,000.00 OR BK: 4685, PG: 2506 Recorded on: 05/25/2011 Total $23,000.00 $23,000.00 FISCAL IMPACT: The repaid amount of $23,000.00 satisfies the payoffs. These repayments are considered program income. $3,000 has been deposited in SHIP Grant Fund 791, Project 33686 and $20,000.00 has been deposited into Housing Grants Fund 705, Project 33688. Deposited funds will be used for SHIP and HOME eligible activities. The Budget Amendments recognize $23,000.00 in program income, of which five percent (5%) of the SHIP re-payment and ten percent (10%) of the HOME re- payment will be used as Administrative funds. Recording fees of $10 per Satisfaction of Mortgage have been paid by the parties. 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. - JAB RECOMMENDATION: To approve two (2) mortgage satisfactions for the SHIP loan program and HOME Investment Partnership Program and authorize the associated Budget Amendments. Prepared By: Lisa N. Carr, Senior Grants Coordinator, Community and Human Services Division 16.D.1 Packet Pg. 1070 02/09/2021 ATTACHMENT(S) 1. SOM-Escobar Guevara (PDF) 2. Backup Docs SOM - Fox (PDF) 3. SOM -Fox, John (PDF) 4. Backup Docs SOM - Escobar Guevara (PDF) 5. SAP $23,000 02.09.21 (PDF) 16.D.1 Packet Pg. 1071 02/09/2021 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.1 Doc ID: 14758 Item Summary: Recommendation to approve two (2) mortgage satisfactions for the State Housing Initiatives Partnership (SHIP) loan program and HOME Investment Partnership Program (HOME) and authorize the associated Budget Amendments. Meeting Date: 02/09/2021 Prepared by: Title: Grants Coordinator – Community & Human Services Name: Lisa Carr 01/15/2021 10:42 AM Submitted by: Title: Manager - Federal/State Grants Operation – Community & Human Services Name: Kristi Sonntag 01/15/2021 10:42 AM Approved By: Review: Community & Human Services Kristi Sonntag CHS Review Completed 01/15/2021 11:05 AM Community & Human Services Leslie Davis Additional Reviewer Completed 01/15/2021 11:06 AM Operations & Veteran Services Kimberley Grant Additional Reviewer Completed 01/15/2021 3:18 PM Public Services Department James C French Public Services Deapartment Completed 01/18/2021 7:35 PM Public Services Department James C French PSD Dept Head Review Completed 01/18/2021 7:46 PM County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 01/19/2021 9:08 AM Grants Erica Robinson Level 2 Grants Review Completed 01/19/2021 1:23 PM Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 01/19/2021 1:57 PM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 01/19/2021 2:17 PM Budget and Management Office Ed Finn Additional Reviewer Completed 01/20/2021 9:26 AM Grants Therese Stanley Additional Reviewer Completed 01/27/2021 6:45 PM County Manager's Office Dan Rodriguez Level 4 County Manager Review Completed 01/27/2021 7:22 PM Board of County Commissioners MaryJo Brock Meeting Pending 02/09/2021 9:00 AM 16.D.1 Packet Pg. 1072 16.D.1.a Packet Pg. 1073 Attachment: SOM-Escobar Guevara (14758 : SOM: Fox and Escobar Guevara) 16.D.1.b Packet Pg. 1074 Attachment: Backup Docs SOM - Fox (14758 : SOM: Fox and Escobar Guevara) 16.D.1.b Packet Pg. 1075 Attachment: Backup Docs SOM - Fox (14758 : SOM: Fox and Escobar Guevara) 16.D.1.b Packet Pg. 1076 Attachment: Backup Docs SOM - Fox (14758 : SOM: Fox and Escobar Guevara) 16.D.1.b Packet Pg. 1077 Attachment: Backup Docs SOM - Fox (14758 : SOM: Fox and Escobar Guevara) 16.D.1.b Packet Pg. 1078 Attachment: Backup Docs SOM - Fox (14758 : SOM: Fox and Escobar Guevara) 16.D.1.b Packet Pg. 1079 Attachment: Backup Docs SOM - Fox (14758 : SOM: Fox and Escobar Guevara) 16.D.1.b Packet Pg. 1080 Attachment: Backup Docs SOM - Fox (14758 : SOM: Fox and Escobar Guevara) 16.D.1.b Packet Pg. 1081 Attachment: Backup Docs SOM - Fox (14758 : SOM: Fox and Escobar Guevara) 16.D.1.c Packet Pg. 1082 Attachment: SOM -Fox, John (14758 : SOM: Fox and Escobar Guevara) 16.D.1.d Packet Pg. 1083 Attachment: Backup Docs SOM - Escobar Guevara (14758 : SOM: Fox and Escobar Guevara) 16.D.1.d Packet Pg. 1084 Attachment: Backup Docs SOM - Escobar Guevara (14758 : SOM: Fox and Escobar Guevara) 16.D.1.d Packet Pg. 1085 Attachment: Backup Docs SOM - Escobar Guevara (14758 : SOM: Fox and Escobar Guevara) 16.D.1.d Packet Pg. 1086 Attachment: Backup Docs SOM - Escobar Guevara (14758 : SOM: Fox and Escobar Guevara) 16.D.1.d Packet Pg. 1087 Attachment: Backup Docs SOM - Escobar Guevara (14758 : SOM: Fox and Escobar Guevara) 16.D.1.e Packet Pg. 1088 Attachment: SAP $23,000 02.09.21 (14758 : SOM: Fox and Escobar Guevara)