SUBJECT
title
Approve modification of State Housing Initiatives Partnership (SHIP) Rehabilitation program 1) Homeowner Assistance Agreement and 2) Grant Agreement for the property located in Winter Haven, FL for Case #RC24-SHIP-012. ($11,402.00 one-time expense).
body
DESCRIPTION
Case #RC24-SHIP-012 was approved for rehabilitation on March 7, 2025, with a mortgage of $86,124.50 and a grant agreement of $5,733.74, for a total project cost of $91,858.24. During the rehabilitation, it was determined the cost needed to be adjusted for additional work for electrical change out to re-wire circuits, remove carpet debris, drywall and planter repair and repaint. The cost of the additional work will be $11,335.00 and the additional recording costs will be $67.00. This increases the mortgage to $97,459.50 and the grant agreement to $5,800.74, for a total project cost of $103,260.24.
RECOMMENDATION
Request approval of this SHIP rehabilitation/replacement program 1) Homeowner Assistance Agreement and 2) Grant Agreement for Case #RC24-SHIP-012.
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