SUBJECT
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Approve modification of State Housing Initiatives Partnership (SHIP) Rehabilitation program Homeowner Assistance Agreement and Grant Agreement for the property located in Haines City, FL., for Case #RC23-SHIP-003. ($2,449.00 one-time expense).
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DESCRIPTION
Case #RC23-SHIP-003 was approved for rehabilitation on July 16, 2024, with a mortgage of $186,750.00 and a grant agreement of $18,437.50, for a total project cost of $205,187.50. During the rehabilitation it was determined that additional sod was needed to cover the entire lot in accordance with Haines City requirements. The cost of the additional work will be $2,404.00 and the additional recording costs will be $45.00.
As a result, the mortgage will increase to $189,154.00, and the grant agreement will be adjusted to $18,482.50, bringing the revised total project cost to $207,636.50.
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
Housing & Neighborhood Development
mariesmoker@polk-county.net
863-534-5241