Submitted By: James Haynes
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Presentation By: James Haynes
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Department: Community Development Services
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FORMAL TITLE:
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Budget Resolution 2026-167 to amend the Fiscal Year 2025-26 budget to accept and appropriate program income for the City of Ocala’s State Housing Initiative Program grant in the amount of $22,730
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OCALA’S RELEVANT STRATEGIC GOALS:
Fiscally Sustainable, Operational Excellence
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PROOF OF PUBLICATION:
N/A
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BACKGROUND:
On November 9, 2016, the Revitalization Strategies Division, now known as Community Programs, finalized a rehabilitation contract and deferred mortgage with Michele Canney, a low-income household, whose real property is located at 1741 SE 43rd Terrace, Ocala, Florida, 34471. The project was completed using funding from the State Housing Initiative Program (SHIP). The amount of the deferred mortgage was $22,730.
FINDINGS AND CONCLUSIONS:
On May 8, 2026, Top Quality Title of Ocala, Florida, contacted the Community Programs division to obtain the payout amount on the Canney mortgage with the City. On August 12, 2026, the City received a check in the amount of $22,730 to satisfy the deferred mortgage. This budget resolution will allocate this amount to the Fiscal Year 2025-26 budget for housing activities eligible under the SHIP grant and the City’s Local Housing Action Plan (LHAP). Staff recommends approval.
FISCAL IMPACT:
Source:
140-369-000-000-16-36943 Misc -Program Income-Principal $22,730
Use:
140-050-699-559-55-83010 Other Grants & Aids $22,730
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
Approve with Changes
Table
Deny
BUDGET RESOLUTION 2026-167
A RESOLUTION TO AMEND THE FISCAL YEAR 2025-26 BUDGET TO ACCEPT AND APPROPRIATE PROGRAM INCOME FOR THE CITY OF OCALA’S STATE HOUSING INITIATIVE PROGRAM GRANT IN THE AMOUNT OF $22,730
WHEREAS, on November 9, 2016, the Revitalization Strategies Division, now known as Community Programs, finalized a rehabilitation contract a...
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