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Various Satisfactions of Second Mortgages Through State Housing Initiative Partnership Down Payment Assistance Program
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BRIEF OVERVIEW
Attached are the following Satisfactions of Mortgage for Hernando County’s State Housing Initiative Partnership (SHIP) Homeownership Down Payment Assistance Program:
• Leticia Gomez in the amount of $4,280.71
• Glorinicia Santiago in the amount of $19,000.00
• Amy Lavore and James J. Zugras IV in the amount of $22,595.00
FINANCIAL IMPACT
Revenue in the amount of $45,875.71 to:
Revenues:
Fund: 1271 - State Housing Initiatives Partnership Program, Department: 35051 - SHIP Grant, Account: 3699030 - Miscellaneous Revenue Down Payment Reimbursement.
Expenses in the amount of $30.00 to satisfy the cost of recording to balance sheet:
Balance Sheet:
Fund: 1271 - State Housing Initiatives Partnership Program, Account: 2020001 - Accounts payable. The balance is booked to the balance sheet to recognize it came in and is owed. It is then reduced as it is paid out.
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.