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Satisfactions of Various Mortgages Through Homeownership Down Payment Assistance Program
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BRIEF OVERVIEW
Attached are the following Satisfactions of Mortgage for Hernando County’s Homeownership Down Payment Assistance Program:
• Jeramy S. and Amanda L. Casey in the amount of $21,000.50.
• Patricia L. Christenberry in the amount of $10,000.00.
• Benjamin T. Couture in the amount of $11,000.00.
• James A. Dunn in the amount of $10,000.00.
• Judy L. Edwards in the amount of $9,090.21.
• Danny H. and Anna M. Favreau in the amount of $18,989.78.
• Adam W. and Misti D. Ferris in the amount of $25,600.00.
• Bettie J. McCullough in the amount of $34,180.00.
• Marina Miluci in the amount of $11,100.00.
• Juan A. Rivera and Amanda J. Rivera in the amount of $11,158.74.
• Denise D. Ruthenburg in the amount of $17,560.00.
• Brandi J. Taschner in the amount of $12,500.00.
• Brunilda Tranchita in the amount of $15,085.00.
• Dru D. Tschoepe and Amy N. Lynn in the amount of $12,524.00.
• Darin W. Wiedmer in the amount of $12,000.00.
The recipients received a second mortgage loan from the County funded through the State Housing Initiatives Partnership Program (SHIP). The loans are given to qualified homebuyers at zero percent interest.
The Housing Authority has received checks to pay off each mortgage in full, payable to Hernando County for a total amount of $231,788.23. The checks have been sent to the Finance Department for deposit. The checks represent the full payoff under the Homeownership Down Payment Assistance Program.
FINANCIAL IMPACT
Revenue in the amount of $231,788.23 to Fund #1271.
LEGAL NOTE
The Board has the authority to accept payment under the SHIP Program pursuant to the State Housing Initiative Partnership Act. Section 420.907, et seq., F.S.
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RECOMMENDATION
It is recommended that the Board approve and authorize the Chairman’s signature on the attached satisfactions of mortgage.