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80A - LOAN AGMTS ROSS & DURANT
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80A - LOAN AGMTS ROSS & DURANT
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Last modified
1/3/2012 4:49:20 PM
Creation date
12/28/2005 11:47:29 AM
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City Clerk
Doc Type
Agenda Packet
Item #
80A
Date
1/3/2006
Destruction Year
2011
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<br />Relocation Plan/or the OHDC 1501 North Ross Street Rehabilitation Project <br /> <br />Table 7: Schedule of Fixed Moving Payments (effective 6-15-05) <br /> Unfurnished Dwelling <br />One room $625 <br />Two rooms $800 <br />Three rooms $1,000 <br />Four rooms $1,175 <br />Five rooms $1,425 <br />Six rooms $1,650 <br />Seven rooms $1,900 <br />Eight rooms $2,150 <br />each additional room $225 <br /> Furnished Dwelling <br />First Room $400 <br />Each additional room $65 <br /> <br />b. Rental Assistance <br /> <br />To qualify for a rental assistance payment, tenants who are permanently <br />displaced must have legally occupied their Project residence for a minimum <br />of 90 days prior to the Developer's executed Agreement between the Agency <br />and acquisition of the property. To be eligible to receive the rental assistance <br />benefits the displaced tenant households have to rent or purchase and <br />occupy a decent, safe, and sanitary replacement dwelling within one year <br />from the date they move from the displacement dwelling. Tenants who <br />occupied the property less than 90 days and have not occupied the property <br />for the sole purpose of obtaining benefits, may be entitled to benefits under <br />Last Resort Housing provisions. <br /> <br />Based upon the available data regarding Project displacees, the permanently <br />displaced households may qualify and may be eligible to apply for relocation <br />benefits under URA provisions. <br /> <br />Prepared by Overland, Pacific & Cutler, Inc. <br /> <br />Page 16 <br /> <br />80A-26 <br />
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