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 \nCatalyst Training Schedule  \nHotline: 1-800-677-4548  \n[www.flhousing.org](www.flhousing.org)  \nTHE FLORIDA HOUSING COALITION  \nWebinar Logistics  \n• Participants are muted  \n• Enter your questions in the box in your webinar panel  \n• Forgot to ask a question or want to ask privately?  \nEmail [chaney@flhousing.org](chaney@flhousing.org)  \nThis webinar is being recorded and will be available [at](at www.flhousing.org)[ ](at www.flhousing.org)[www.flhousing.org](at www.flhousing.org)  \n• A survey will immediately follow the webinar; please complete it!  \nTHE FLORIDA HOUSING COALITION  \nFLORIDA HOUSING COALITION  \nOverview of the Training  \nGuidance for SHIP Administrators  \n• Purchase Assistance  \n• Rehabilitation and Reconstruction  \n• Homeownership Development  \n• Rental Housing Projects  \nThe Role of Housing Counseling  \n• Foreclosure Prevention Activities  \n• Foreclosure Prevention Resources  \n• Panel of Housing Counselors  \nTHE FLORIDA HOUSING COALITION  \nAddressing Homeownership Defaults  \nDefaults are not Universal  \n• Grants don't require default terms.  \n• Affordability periods trigger default terms.  \n• Local governments (LG) determine the default provisions.  \n• Common defaults seen in LHAPs are death of owner, sale and/or transfer of property.  \nTHE FLORIDA HOUSING COALITION  \nDocumenting Terms of Default  \n• Terms of default identified in LHAP  \n• Written policy and procedures  \n• Written agreements  \nTHE FLORIDA HOUSING COALITION  \nSample Terms of Default  \nThe loan will be determined to be in default if any of the following occurs during the Loan term: Loss of Homeowner’s Insurance, sale, transfer, or conveyance of property; conversion to a rental property; loss of homestead exemption status; or failure to occupy the home as primary residence, failure to pay property taxes. If any of these occur, the outstanding balance will be due and payable.  \nIn cases where the qualifying homeowner(s) die(s) during the loan term, the loan may be assumed by a SHIP eligible heir who will occupy the home as a primary residence. If the legal heir is not SHIP eligible or chooses not to occupy the home, the outstanding balance of the loan will be due and payable.  \nTHE FLORIDA HOUSING COALITION","cbCaiadf1jjkTrLy","https://ap.wps.com/l/cbCaiadf1jjkTrLy","pdf",1905088,58,"English","# Overview of the Training\n## Guidance for SHIP Administrators\n## The Role of Housing Counseling\n# Addressing Homeownership Defaults\n## Defaults are not Universal\n## Documenting Terms of Default\n## Sample Terms of Default","[{\"question\":\"What does the training cover for SHIP administrators?\",\"answer\":\"It covers purchase assistance, rehabilitation and reconstruction, homeownership development, and rental housing projects, along with guidance relevant to default and foreclosure prevention.\"},{\"question\":\"Why are default terms not universal in affordable housing programs?\",\"answer\":\"Default terms can depend on grants, affordability periods, and local government (LG) determinations, and common defaults in LHAPs vary by circumstances.\"},{\"question\":\"What example events trigger a loan default under the sample terms?\",\"answer\":\"Events include loss of homeowner’s insurance, sale/transfer/conveyance, conversion to rental property, loss of homestead exemption status, failure to occupy as a primary residence, and failure to pay property taxes.\"}]","Addressing Defaults and Foreclosures in Affordable Housing | PDF",1789564678,20]