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# RC22-SHIP-003. ($2,026.00 one-time expense).
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DESCRIPTION
Case RC22-SHIP-003 was approved for rehabilitation on February 21, 2023, with a mortgage of $166,500.00 and a grant agreement of $7,935.20, for a total project cost of $174,435.20. During the reconstruction it was determined a tree had to be removed for overhead power and the existing well needed to be repaired. The cost of the additional repairs will be $2,000.00 and the additional recording costs will be $26.00. This increases the mortgage to $168,500.00 and the grant agreement to $7,961.20, for a total project cost of $176,461.20.
RECOMMENDATION
Request approval of this SHIP modification rehabilitation program agreement.
FISCAL IMPACT
Funds are available in the Affordable Housing Trust Fund.
CONTACT INFORMATION
Cedric H. Cox, Sr. COS
Housing Administrative Supervisor
cedriccox@polk-county.net
863-534-5241