Title
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Hurricane Housing Recovery Program Update and Loan Authorization
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recommendation
Human Services
a) Approve a Hurricane Housing Recovery (HHR) Non-profit/Low-income/Special Needs Rental Rehabilitation loan for Presbyterian Homes of Port Charlotte (PHPC) in the amount of $2,500,000; and
b) Approve a Hurricane Housing Recovery (HHR) Multi-family Construction loan for Sovereign at Parkside East in the amount of $400,000; and
c) Approve a Hurricane Housing Recovery (HHR) Multi-family Construction loan for Sovereign at Harbor West in the amount of $400,000; and
d) Approve a Hurricane Housing Recovery (HHR) Non-profit/Low-income/Special Needs Rental Rehabilitation loan for Vincentian Villas I in the amount of $800,000; and
e) Approve a Hurricane Housing Recovery (HHR) Non-profit/Low-income/Special Needs Rental Rehabilitation loan for Vincentian Villas II in the amount of $800,000.
**Change, Added attachment - Revised HHR Update and Loan Authorization Presentation, 3/4/2026**
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Budgeted Action:
No action needed. Budgeted in the FY2026 Hurricane Housing Recovery (HHR) Fund. There is no local match required. Funding for the expenditures will come from the Hurricane Housing Recovery Program.
Background:
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Charlotte County's State Housing Initiatives Partnership (SHIP) Program provides affordable housing assistance to eligible applicants through various Local Housing Assistance Plan (LHAP) housing and incentive strategies. Certain community partners have applied to the County seeking SHIP Program funding to assist with the costs associated with the development/redevelopment of multi-family housing. Per SHIP Program guidelines, funding requests exceeding $150,000 require BCC approval.
Hurricane Ian made landfall August 2022. On December 16, 2022, Governor DeSantis signed Senate Bill 4A for Hurricane relief related to hurricanes Ian and Nicole. Charlotte County was awarded $7,134,450 with a June 30, 2025 expenditure deadline. The Local Hous...
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