Laserfiche WebLink
<br /> <br /> <br />Where a tenant is sharing a dwelling with an owner-occupant and paying the owner-occupant rent for <br />the privilege, the tenant shall not be entitled to more than one-half of the rental assistance otherwise <br />payable. <br /> <br />5. SECTION 8 TENANTS <br /> <br />When you do move, you may be eligible to transfer your Section 8 eligibility to a replacement site. In <br />such cases, a comparable replacement dwelling will be determined based on your family composition <br />at the time of displacement and the current housing program criteria. This may not be the size of the <br />unit you currently occupy. Your relocation agent will provide counseling and other advisory services <br />along with moving benefits. <br /> <br />6. REPLACEMENT HOUSING PAYMENT - HOMEOWNERS <br /> <br />7.If you own and occupy a dwelling to be purchased by the Displacing Agency for at <br />least 180 days prior to the initiation of negotiations, you may be eligible to receive a <br />payment of up to $22,500.00 to assist you in purchasing a comparable replacement <br />unit. This payment is intended to cover the following items: <br /> <br />1. Purchase Price Differential - An amount which, when added to the amount for which <br />the Displacing Agency purchased your property, equals the lesser of the actual cost of <br />your replacement dwelling; or the amount determined by the Displacing Agency as <br />necessary to purchase a comparable replacement dwelling. Your relocation agent will <br />explain both methods to you. <br />2. Mortgage Interest Differential - The amount which covers the increased interest <br />costs, if any, required to finance a replacement dwelling. Your relocation agent will <br />explain limiting conditions. <br />3. Incidental Expenses - Those one-time incidental costs related to purchasing a <br />replacement unit, such as escrow fees, recording fees, and credit report fees. Recurring <br />expenses such as prepaid taxes and insurance premiums are not compensable. <br /> <br />B. Rental Assistance Option - If you are an owner-occupant and choose to rent rather than <br />purchase a replacement dwelling, you may be eligible for a rental assistance payment of up to <br />the amount that you could have received under the Purchase Price Differential, explained <br />above. The payment will be based on the difference between an economic rent of the dwelling <br />you occupy and the rent you must pay for a comparable replacement dwelling. <br /> <br />If you receive a rental assistance payment, as described above, and later decide to purchase a <br />replacement dwelling, you may apply for a payment equal to the amount you would have <br />received if you had initially purchased a comparable replacement dwelling, less the amount you <br />have already received as a rental assistance payment. <br /> <br />7. QUALIFICATION FOR, AND FILING OF, RELOCATION CLAIMS <br /> <br />To qualify for a Replacement Housing Payment, you must rent or purchase and occupy a comparable <br />replacement unit within one year from the following: <br /> <br /> For a tenant, the date you move from the displacement dwelling. <br /> For an owner-occupant, the latter of: <br /> <br />a. The date you receive final payment for the displacement dwelling, or, in the case of