Hernando County
Florida

Agenda Item
13882

Satisfactions of Various Mortgages Through Homeownership Down Payment Assistance Program

Information

Department:Housing AuthoritySponsors:
Category:SHIP Program

Financial Impact

Revenue in the amount of $37,500.00 to Fund # 1271.

Body

The following Satisfactions of Mortgage’s for Hernando County’s Homeownership Down Payment Assistance Program:

 

Matthew J. Stanina in the amount of $12,500.00

Jason L. and Amber F. Latham in the amount of $10,000.00

Maria M. Melendez in the amount of $5,000.00

Jeremy T. Gambrel in the amount of $10,000.00

 

The recipients received a second mortgage loan from the County through the Down Payment Assistance Program.  The Homeownership Down Payment Assistance program is funded through the State Housing Initiatives Partnership Program (SHIP).  The loans are given to qualified home buyers at zero percent interest.

 

The Housing Authority has received a check to pay off each mortgage in full, payable to Hernando County for a total of $37,500.00. The check has been sent to the Finance Department for deposit.  The check represents the full payoff under the Homeownership Down Payment Assistance Program.

Meeting History

Dec 12, 2017 9:00 AM Video Board of County Commissioners Regular Meeting
RESULT:ADOPTED [UNANIMOUS]
MOVER:Steve Champion, Vice Chairman
SECONDER:John Allocco, Second Vice Chairman
AYES:Wayne Dukes, Steve Champion, John Allocco, Jeff Holcomb, Nicholas W. Nicholson