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Ricordo
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Coming soon to my neighborhood.  :599c64b15e0f8_thumbsup:

"The Pasco County Planning Commission this week is expected to continue its consideration of a proposal to create a subdivision for catastrophically injured veterans, and surviving families of fallen first responders and to Gold Star families.

The Stephen Siller Tunnel to Towers Foundation is seeking permission to build 115 homes on 74 acres, on the south side of Parkway Boulevard, about one-half mile east of Ehren Cutoff.

Matt Mahoney, executive vice president of the foundation, explained the concept of the project — via a remote feed — during the planning board’s April 22 meeting.

“Our recipients are all gifted these homes. These are mortgage-free homes,” Mahoney said.

The homes will go to catastrophically injured veterans — who are missing multiple appendages or have been severely burned, he said. Homes also will be provided for surviving spouses and families of Fallen First Responders and Gold Star families.

“We have the financial wherewithal to do this. The land was donated to us,” Mahoney said. “We’re in a strong financial situation to move forward with this project.”

The foundation was established 20 years ago by Frank Siller, to honor the sacrifice of his brother, Stephen Siller, a firefighter who laid down his life to save others on Sept. 11, 2001..." https://lakerlutznews.com/lln/?p=87481

 

 

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22 hours ago, Ricordo said:

Coming soon to my neighborhood.  :599c64b15e0f8_thumbsup:

"The Pasco County Planning Commission this week is expected to continue its consideration of a proposal to create a subdivision for catastrophically injured veterans, and surviving families of fallen first responders and to Gold Star families.

The Stephen Siller Tunnel to Towers Foundation is seeking permission to build 115 homes on 74 acres, on the south side of Parkway Boulevard, about one-half mile east of Ehren Cutoff.

Matt Mahoney, executive vice president of the foundation, explained the concept of the project — via a remote feed — during the planning board’s April 22 meeting.

“Our recipients are all gifted these homes. These are mortgage-free homes,” Mahoney said.

The homes will go to catastrophically injured veterans — who are missing multiple appendages or have been severely burned, he said. Homes also will be provided for surviving spouses and families of Fallen First Responders and Gold Star families.

“We have the financial wherewithal to do this. The land was donated to us,” Mahoney said. “We’re in a strong financial situation to move forward with this project.”

The foundation was established 20 years ago by Frank Siller, to honor the sacrifice of his brother, Stephen Siller, a firefighter who laid down his life to save others on Sept. 11, 2001..." https://lakerlutznews.com/lln/?p=87481

 

 

What happens when the original donee dies? Does the donated home come back to the foundation for refurbishment and redonation to another individual similarly qualified, or is it part of the donee’s estate for the benefit of heirs? Or if the donee gets into financial difficulties, for whatever reasons, can the home be seized in bankruptcy and sold toward such claims? And if donee is married or gets married and then there is a divorce, what becomes of the home?

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56 minutes ago, railfancwb said:

What happens when the original donee dies? Does the donated home come back to the foundation for refurbishment and redonation to another individual similarly qualified, or is it part of the donee’s estate for the benefit of heirs? Or if the donee gets into financial difficulties, for whatever reasons, can the home be seized in bankruptcy and sold toward such claims? And if donee is married or gets married and then there is a divorce, what becomes of the home?

I don't know the exact particulars, railfancwb, but I can speak about Florida law.

In a nutshell. Title would/should be in fee simple. Meaning, ownership against anybody. At moment of death, title passes to the heirs. If filing for bankruptcy, it would classify as homestead, and therefore owner keeps the house free from the reach of creditors.

If titled only in donee's name, that's his/hers to keep in a divorce. Special equities aside.

Of course, in practicality, it is never that simple.

 

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To maintain the character of the development as a place for people as described in the first paragraph, I suspect giving a life estate rather than title in fee simple would work better, as the foundation would recover the property for refurbishment and reassignment.

If the donees receive the properties in fee simple, in twenty or so years the development will closely resemble an aging middle/working class neighborhood. By that time the original donees will probably be in the minority.  

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