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Exhibit 2 <br />Last Resort Housing will be provided in detail in the informational brochure (Exhibit C) that <br />will be provided to each household at the initiation of relocation activities.) <br />Table 3 below portrays an example of a benefits determination under the State relocation <br />program: <br />ABLE 3: Example Computation of Rental Assistance Payments <br />1. Old Rent <br />$650 <br />Old Rent and Utilities <br />or <br />2. Ability to Pay <br />$700 <br />30% Adjusted, Monthly, Gross Household Income (State)* <br />3. Lesser of lines 1 or 2 <br />$650 <br />Base Monthly Rental <br />Subtracted From: <br />4. Actual New Rent <br />$750 <br />Actual New Rent and Utilities <br />or <br />5. Comparable Rent <br />$775 <br />Determined by District (includes utilities) <br />6. Lesser of lines 4 or 5 <br />$750 <br />7. Yields Monthly Need: <br />$100 <br />Subtract line 3 from line 6 <br />Rental Assistance <br />$4,200 <br />Multiply line 7 by 42 months <br />*Gross adjusted income means the total amount of annual income of a household less the following: (1) a <br />deduction for each dependent in excess of three; (2) a deduction of 10% of total income for the elderly or <br />disabled head of household; (3) a deduction for recurring extraordinary medical expenses defined for this <br />purpose to mean medical expenses in excess of 3% of total income, where not compensated for, or covered <br />by insurance or other sources; (4) a deduction of reasonable amounts paid for the care of children or sick or <br />incapacitate family members when determined to be necessary to employment of head of household or <br />spouse, except that the amount shall not exceed the amount of income received by the person who would not <br />otherwise be able to seek employment in the absence of such care. <br />Rental Assistance payment amounts are equal to 42 times the difference between the base <br />monthly rent and the lesser of- <br />(i) The monthly rent and estimated average monthly cost of utilities for a comparable <br />replacement dwelling; or <br />(ii) The monthly rent and estimated average monthly cost of utilities for the decent, safe, <br />and sanitary replacement dwelling actually occupied by the displaced person. <br />The base monthly rent for the displacement dwelling is the lesser of- <br />(i) The average monthly cost for rent and utilities at the displacement dwelling for a <br />reasonable period prior to displacement, as determined by the Owner; or <br />13 <br />