55A - RESOLUTION-RELOCATION STATION DISTRICT

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The Station District Project Rental Assistance payment amounts are equal to 42 times the difference between the base monthly rent and the lesser of- (i) The monthly rent and estimated average monthly cost of utilities for a comparable replacement dwelling; or (ii) The monthly rent and estimated average monthly cost of utilities for the decent, safe and sanitary replacement dwelling actually occupied by displaced person. The base monthly rent for the displacement dwelling is the lesser of- (i) The average monthly cost for rent and utilities at the displacement dwelling for a reasonable period prior to the displacement, as determined by the Agency. For owner-occupants or households, which pay no rent, economic rent will be used as a substitute for actual rent; or (ii) Thirty percent (30%) of the displaced person's average, monthly, adjusted gross household income. If a displacee refuses, or is unable, to provide appropriate evidence of income or is a dependent, the base monthly rent shall be determined to be the average monthly cost for rent and utilities at the displacement dwelling; or (iii) The total of the amount designated for shelter and utilities if receiving a welfare assistance payment from a program that designated the amounts for shelter and utilities. Table 9 below illustrates the computation of a rental/downpayment assistance payment amount. TABLE 9: Computation of Rental Assistance Payments 1 Old Rent $650 Old Rent, plus Utility Allowance or 2. Ability to Pay $700 30% of the Adjusted Gross Household Income* 3. Lesser of lines I or 2 $650 Base Monthly Rental Subtract From: 4. Actual New Rent $750 Actual New Rent including Utility Allowance or 5. Comparable Rent $775 Determined by Agency, includes Utility Allowance 6. Lesser of lines 4 or 5 $750 7. Yields Monthly Need $100 Subtract line 3 from line 6 Rental Assistance $4,200 Multiply line 7 by 42 months 14 55A-19