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Various Satisfactions of Second Mortgages Through State Housing Initiatives Partnership Down Payment Assistance Program
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BRIEF OVERVIEW
Attached are the following satisfactions of mortgage for Hernando County’s State Housing Initiatives Partnership Program - Down Payment Assistance loan:
• Donald W. Acton, III & Stephanie A. Acton - 11215 Addison Street, Spring Hill - $10,000
• Brian H. Smith & Jacqueline J. Moen - 23165 Foreside Avenue, Brooksville - $12,500
• Jesse J. Ramirez & Leanna J. Pascarella - 635 Iris Street, Brooksville - $10,000
• Charles Mirabal & Deserae Mirabal - 12280 Foothill Street, Spring Hill - $20,500
Payments have been received in full.
FINANCIAL IMPACT
Revenue in the amount of $53,000 to:
Fund: 1271 - State Housing Initiatives Partnership Program, Department: 35051 - SHIP Grant - Account: 3699030 - Miscellaneous Revenue Down Payment Reimbursement
Expenses in the amount of $40.00 to satisfy the cost of recording to:
Fund: 1271 - State Housing Initiatives Partnership Program, Department: 35051 - SHIP Grant, Account: 2020001 - Recording
LEGAL NOTE
The Board has the authority to act on this matter pursuant to Chapter 125, Florida Statutes.
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RECOMMENDATION
It is recommended that the Board approve and authorize the Chairman’s signature on the attached satisfactions of mortgage.