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Fairview Bridge Replacement and Street Improvements: Relocation Plan <br />17 <br />D. Last Resort Housing <br />Based on data derived from the surveys and analyses of the occupants on the Project site <br />and costs of replacement housing resources, it is anticipated that “comparable replacement <br />housing” will not be available as required for some tenants. Specifically, for renters, when <br />the computed replacement housing assistance eligibility exceeds $7,200 or replacement <br />dwelling monthly rental costs (including utilities and other reasonable recurring expenses) <br />exceeds 30% of the person’s average monthly income. <br /> <br />Therefore, if the Project proceeds, the City will authorize sufficient funds to provide housing <br />of last resort. Due to the demonstrated number of available replacement housing resources, <br />as shown earlier, the need to develop a replacement housing plan to produce sufficient <br />number of comparable replacement dwellings will not be necessary. Rather, funds will be <br />used to make payments in excess of the monetary limits specified in the statute ($7,200); <br />hence, satisfying the requirement that “comparable replacement housing” is available. <br /> <br />The City will pay Last Resort Housing payments in two installments. Recipients of Last <br />Resort rental assistance, who intend to purchase rather than re-rent replacement housing, <br />will have the right to request a lump sum payment of all benefits in the form of downpayment <br />assistance. Tenant households receiving periodic payments will have the option to request <br />a lump sum payment of remaining benefits to assist with the purchase of a decent, safe and <br />sanitary dwelling. <br />E. Determinations of Comparable Housing <br />Relocation staff would evaluate the cost of comparable replacement housing in the <br />preparation of each individual NOE issued to residential displacees. For residential tenants <br />and owner-occupants, the cost of comparable replacement housing would be determined <br />primarily on a comparative basis of three, if possible, presently available, comparable <br />dwellings. A Comparable Housing Analysis (CHA) Form would be prepared and placed in <br />the file of each affected household. <br />F. General Information Regarding the Payment of Relocation <br />Benefits <br />Claims and supporting documentation for relocation benefits must be filed with the City no <br />later than 18 months after: <br />• For tenants, the date of displacement; or <br />• For owners, the date of displacement or the date on which final payment for the <br />acquisition of real property is made, whichever is later. <br />The procedure for the preparation and filing of claims and the processing and delivery of <br />payments would be as follows: <br />1. Claimant(s) would provide all necessary documentation to substantiate eligibility for <br />assistance;