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period and limited to a maximum of $5,254 as stated under URA guidelines_ The differences <br />between the two programs are explained in detail in the informational brochures provided to <br />each household {see Attachment 3}. <br />Table 3 portrays the benefits determination under the URA: <br />TABLE 3: Example Computation of URA Rental Assistance Payments <br />1.Old Rent $650 Old Rent and Utilities <br />9r <br />2. Ability to Pay $700 30%ofthe Gross Household income {for Low Income <br />Households} <br />3. Lesser of lines 1 or 2 $654 Base Monthly Rental <br />Subtracted From: <br />4. Actual New Rent $750 Actual New Rent and Utilities <br />or <br />5. Comparable Rent $775 Determined by Developer (includes utilities} <br />6. Lesser of lines 4 or 5 $750 <br />7. Yields Manthly ATeed: $100 Subtract line 3 from line 6 <br />12ental Assistance $4,200 Multiply line 7 by 42 mouths <br />Rental Assistance payment amounts are equal to 42 times the difference between the base <br />monthly rent and the lesser of: <br />(i} T'he 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, <br />safe, 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 Developer. For owner- <br />occupants ar households, which paid little or na rent, fair market rent will be used as <br />a substitute for actual rent; or <br />Overland, Pacafac & Cutler, Inc. <br />