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Hendry County forgives $4,833 in interest on SHIP loan for heir
Summary
The Hendry County Board of County Commissioners voted Jan. 14 to waive approximately $4,833 in interest on a SHIP repair loan after hearing staff describe the borrower’s death and the heir’s hardship; the board discussed options including prorating the interest but approved full forgiveness by voice vote.
The Hendry County Board of County Commissioners on Jan. 14 approved a waiver of about $4,833 in interest owed on a State Housing Initiatives Partnership (SHIP) repair loan after staff described the borrower’s death and a hardship for the heir.
County Attorney Matt Ralston explained the loan’s terms for the record and said the borrower died about three years into a five-year period that would have qualified the loan for forgiveness if the original borrower had lived the full…
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