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Various Satisfactions of Second Mortgages Through State Housing Initiative Partnership Down Payment Assistance Program and Emergency Roof Repair 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:
• Glenville E. Clarke and Desiree V. Clarke in the amount of $37,180.00
• Margaret S. Cordani in the amount of $16,033.25
• Jacob P. Frye and Lavender N. Frye in the amount of $14,842.00
Attached are the following Satisfactions of Mortgage for Hernando County’s State Housing Initiative Partnership Emergency Roof Repair Program:
• Raymond E. Poirier and Jodie Poirier in the amount of $11,115.00
FINANCIAL IMPACT
Revenue in the amount of $79,200.25 to:
Revenues:
Fund: 1271 - State Housing Initiatives Partnership Program, Department: 35051 - SHIP Grant, Account: 3699030 - Miscellaneous Revenue Down Payment Reimbursement
Expenses:
Expenses in the amount of $30.00 to satisfy the cost of recording to:
Fund: 1271 - State Housing Initiatives Partnership Program, Department: 35051 - SHIP Grant, Account: 5303490 - Contra Services Emergency Repair
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.