05 JTPH LACY & RAITT EX3 - Laserfiche WebLink

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{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 far the decent, safe, and sanitary replacement dwelling actually occupied by the displaced person. The base monthly rent for the displacement dwelling is the lesser of: (ii}The average monthly cost for rent and utilities at the displacement dwelling for a reasonable period prior to displacement, as determined by the Developer. For owner-aceupants or households, which paid little or no rent, fair market rent will be used as a substitute for actual rent; or {iii}Thirty percent (3d%} of the displaced person's average, monthly gross household income, if the amount is classified as "low income" by the U. S. Department of Housing and Urban Development's {1EI[)D) Annual Survey of 1Cncome Limits far the Publec Housing and Section S Programs. (HUD's Survey is shown as Exhibit C.} If a displacee refuses 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 5 portrays the benefits determination under the URA: TABLE 5: Example Computation of URA Rental Assistance Payments I.Old Rent $65o Old Rent and Utilities or 2. Ability to Pay $700 30% of the Gross Household Income (if Low Income) 3. I.essex of lines 1 or 2 $b50 Base 1Vlonthly Rental Subtracted From: 4. Actual New Rent $750 Actual New Rent and Estimated Utilities ar 5. Comparable Rent $775 Determined by Developer (includes estimated utilities) 6. Lessex of lines 4 ar S $7~0 7. Yields Monthly Need: $]00 Subtract tine 3 from line 6 S. Item#ai A,ssistance $4,2Ufl Multiply line 7 by 42 months l2