SUBJECT
title
Approve modification of State Housing Initiatives Partnership (SHIP) Rehabilitation Program Homeowner Assistance Agreement and Grant Agreement for the property located in Winter Haven, FL., for Case #DR24-S-IAN-012. ($6,542.00 one-time expense).
body
DESCRIPTION
Case DR24-S-IAN-012 was approved for rehabilitation on August 6, 2024, with a mortgage of $185,900.00 and a grant agreement of $7,829.20, for a total project cost of $193,729.20. During the rehabilitation it was determined that additional work was needed to remove household items within the home. The cost of the additional repairs will be $6,500.00 and the additional recording costs will be $42.00. This increases the mortgage to $192,400 and the grant agreement to $7,871.20, for a total project cost of $200,271.20.
RECOMMENDATION
Request approval of this SHIP modification rehabilitation program agreement.
FISCAL IMPACT
Funds are available in the Affordable Housing Trust Fund.
CONTACT INFORMATION
Marie Smoker
Housing Administrative Supervisor
MarieSmoker@polk-county.net
863-534-5241