55B - AA FOR RESO RELOCATION PLAN FOR WARNER AVE

Home Browse Search

sanitary replacement dwelling actually occupied by the displaced person. The base monthly rent for the displacement dwelling is the lesser of: t. The average monthly cost for rent and utilities at the displacement dwelling for a reasonable period prior to displacement. Average monthly cost of utilities will be determined by actual statements/receipts over a tz-month period or a statement of average usage from the utility company, if provided. The most recent local utility schedule will be used to determine estimated utilities' costs, if actual costs are not provided. For owner -occupants or households, which paid little or no rent, fair market rent will be used as a substitute for actual rent; or z. Thirty percent (30%) of the displaced person's average monthly gross household income if the amount is classified as "low income" by US Department of Housing and Urban Development's (HUD) Annual Survey of Income Limits for the Public Housing and Section 8 Programs. HUD's Survey is shown as Exhibit C. If a displacee refuses to provide appropriate evidence of income or is a dependent, the base monthly rent shall be determined to be the average monthly cost for rent and utilities at the displacement dwelling; or 3. The total of the amount designated for shelterand utilities if receiving a welfare assistance payment from a program that designated the amounts for shelter and utilities. Table 8 below illustrates the computation of a rental/down payment assistance payment amount. Table 8: Computation of Rental Assistance Payments i. Old Rent $1,000 Old Rent, plus Utility Allowance Or z. Ability to Pay $950 30% of the Gross Household Income* 3. Lesser of Lines i or z $950 Base Monthly Rental Subtracted From: 4. Actual New Rent $1,050 Actual New Rent including Utility Allowance Or 5. Comparable Rent $1,050 Determined by the City; includes Utility Allowance 6. Lesser of Lines 4 or 5 $1,050 7. Yields Monthly Need: $too Subtract Line 3 from Line 6 Rental Assistance $4,200 Multiply Line 7 by 42 Months * Gross income means the total amount of annual income of a household less the following: (1) a deduction for each dependent in excess of three; (z) a deduction of io% of total income for the elderly or disabled head of household; (3) a deduction for recurring extraordinary medical expenses defined for this purpose to mean medical expenses in excess of 3%of total income, where not compensated for, or covered by insurance or other sources; (4) a deduction of reasonable amounts paid for the care of children or sick or incapacitate family members when determined to be necessary to employment of head of household or spouse, except that the amount shall not exceed the amount of income received by the person who would not otherwise be able to seek employment in the absence of such care. 15 55B-26