1974-03 CRA - Laserfiche WebLink

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(¡ -.REPLACEMENT HOUSING PAYMENTS FOR TENANTS AND CERTAIN OTHERS i).l Eligibili ty. a, A displaced tenant or owner-occupant of a dwelling for ~ess than 180 days is eligible for a replacement housing payment not to exceed $4,000, as authorized by Section 7264, if he meets both of the following requirements: . . . (1) Actually occupied the dwelling for not less than 90 days ?rior to the initiation of negotiations for acquisition of the ?roperty. The term "initiation of negotiations" means the day on which the public agency makes the first personal contact with the property owner or his representative and furnishes him with a written offer to purchase the real property. Agencies regulations should provide the tenants and other persons occupying the property shall be advised when negotiations for the property are initiated with the owner thereof. (2) Is not eligible to receive a payment under Section 7263. b. An owner-occupant of a dwelling for not less than lBO days prior to the initiation of negotiations is eligible for a replace- ment housing payment as a tenant, as authorized by Section 7264, ~hen he rents a decent, safe and sanitary replacement dwelling instead of purchasing and occupying a replacement dwelling, which is decent, safe, and sanitary not later than the end of the one-year -period beginning on the date on which he receives from.the dis- placing agency final payment for all costs for the acquired dwelling, ~r on the date on which he moves from the acquired dwelling, which- ever is the later date. ~.2 Computation of replacement housing payments for displaced tenants. A displaced tenant is eligible for a rental replace- ment housing payment, not to exceed $4,000, which shall be determined by subtracting from the amount which the tenant actually pays for a replacement dwelling or, if lesser, the amount determined by the State as necessary to rent a comparable dwelling; or if he purchases replacement housing within one year from displacement, he is eligible for a down payment including expenses incidental to closing not to -exceed $4,000. , a. Rental replacement housing payment. The head of the public .agency concerned may determine the amount necessary to rent a comparable replacement dwelling by either establishing a schedule or by using a comparative method. (1) Schedule method. The agency may establish a rental schedule for rent~ng comparable replacement dwellings as described in paragraph 5.2 and \,¡hich are available in the private market for ~e various types of dwellings to be acquired. 'The payment shall be computed by determining the amount necessary to rent a comparable . replacement dwelling for fou~ ~ears (the average monthly cost from . II_l!! I 5b