|
,
<br />BOOK 9 PAGE281
<br />than ninet'y' (90) days prior to the initiation of negotiations
<br />for acquisition or code enforcement of the dwelling.
<br />3. For homeowners, the family or individual occupied the dwell-
<br />ing from which he was displaced for a period of not less than
<br />180 days prior to the initiation of negotiations for acquisition
<br />or code enforcement of the dwelling.
<br />4. The family or individual
<br />standard replacement dwe
<br />?AYI,:EN'T FOR CLAIMANT WHO RE?iTS:
<br />la. Comparative Method:
<br />The cost of a comparable unit
<br />basis, bir using the average m!
<br />irhich are currently available
<br />most comparable and represent:
<br />comparable dwelling may be se'.
<br />displaced person with the app:
<br />lb. Alternative Method:
<br />ts, or purchases and occupies, a
<br />F..
<br />may be determined on a case-by-case
<br />rnth's rent for one or more dwellings,
<br />on the market, determined to be the
<br />Ltive of the acquired dwelling. The
<br />.ected by the Local kgency, or by the
<br />-oval of the Local;Agency.
<br />Since this method requires HUD approval and may vary depending
<br />upon the individual circumstances, please check with your
<br />Community Development Director for details.
<br />2. Generally, the base monthly rental of the site dwelling, for com-
<br />putation purposes, may not exceed 25 percent of the claimant's
<br />average gross monthly income.) If the base monthly rental exceeds
<br />25 percent of the claimant's average gross monthly income, it
<br />shall be reduced to 25 nercent. If it is less than 25 percent, no
<br />adjustment shall be *sade. GTU-s3 monthly' _rCnr!e shall i:i' the i,oi:a)
<br />gross income of all mryrbrr nj tel.: - ,i 1;> 7 c G
<br />3, The di.fi'C'^e' a betw_ ":c cC:,'i of a CC° pc dG1c dw;'1 nT
<br />or
<br />J
<br />CUSt, ii lUiieT, and. .baCC TE*i tc.J., as a'DCl'$, s ill'f_Dli ed b-..-
<br />48 to determine the total amoilrt of the payment. iThe relocation
<br />agent will assist you in computing this payment. `If the amount
<br />exceeds ?74.000.70, it :gust be`red-aced to '4,000.00. T1,e rental
<br />assistance pa,'v,'ent is to be disbursed in a lump stun llnlesr_ the
<br />ciair,,ant re0uests disbursement on -r")th er basis. -,-m,. .rte..,
<br />reilte'_'s -iay be Como i'tted U}> E1L. Of 'he above 7.et11G'3U a."L t'-
<br />-Option of tie tenF lt.
<br />PAY-,'Q'T r0,Ii CL:~T"lAi''1'
<br />11 adisplaced person ♦C-'lects to 111,41 C: ~.,..3E il--stead of rerl'i. :?C. e- a
<br />na-yrment O un tO d,4;O+~G.UO 10 tIICI vllii'nECeS3ar "i.U I_"tr11
<br />meP_t tCPi C:Td the p'4r Ch2•:;e of a rein ac P_:er: 1: dwell_irig 1LLitr, inClUd iT_'_`. tJ r
<br />rcas On?.:;1° COSts c'r in.' ; iC_r.r l e ' uc c y, ; '-i i'rt-e 1 r'-' lci ,-,S -
<br />;
<br />nt!° c'l '1 't Ci :C. 0" C''i~ C?:CC: e,i
<br />t..
<br />1
<br />be, rCga1_cd -C_ E.
<br />If the C1~_i3 ].C fO2 ;tr.1'n _ .0r,^. v`".) "v7:° C'1£=.r....'1t C- 1
<br />de ._a _o> ,oa-ar a-.ot - ___ceec C y , r _
<br />~O.OOi1,
<br />3. The full amoiznt Of t'_e
<br />price arid -such pay ent,
<br />be shoi%m on the closinE
<br />i
<br />Da-`eat mast be anrlled,to the purchase
<br />irJluding i C1de'tal expenses, u t
<br />setatement.
<br />-n-
<br />I
<br />
|