Title
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State Housing Initiatives Partnership (SHIP) Loans for Community Assisted and Supported Living (CASL) - Stillwater House
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recommendation
Human Services
a) Authorize the SHIP Multi-family Construction/Rehabilitation loan for Stillwater House in the amount of $400,000; and
b) Authorize the SHIP Non-profit/Low-income/Special Needs Rental Rehabilitation loan for Stillwater House in the amount of $270,000.
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Budgeted Action:
No action needed.
Background:
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Community Assisted and Supported Living (CASL) has requested SHIP funding in support of the renovation of Stillwater House located at 21350 Stillwater Dr. donated to them in the 2020 Disposition of County Surplus Properties process. The property will be converted from 10+ single room occupancy units with shared living into nine (9) 1-bedroom apartments. Stillwater House received significant hurricane damage and related repairs are covered. These renovations are to reconfigure a challenging floor plan not conducive to private, independent, affordable living for special needs residents. Four Hundred Thousand Dollars ($400,000) in SHIP funding is being requested under the Multi-Family Construction/Rehabilitation strategy and Two-Hundred Seventy Thousand Dollars ($270,000) is being requested under the Non-profit/Low-income/Special Needs Rental Rehabilitation strategy. Per the current Local Housing Assistance Plan (LHAP), SHIP loans exceeding $150,000 require BCC approval.
All loan documents (Mortgage, Note, and LURA) shall be prepared by the County Attorney’s Office and executed by the County Administrator or his designee pursuant to Resolution 2023-096.
Provided for Board reference are: the Local Housing Assistance Plan (LHAP) Non-profit/Low-income/Special Needs Rental Rehabilitation strategy; the Multi-Family Construction/Rehabilitation strategy; and the SHIP applications from CASL.
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