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04 - JOINT PH - Loan Agmts 703 N Lacy 702 S Raitt
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04 - JOINT PH - Loan Agmts 703 N Lacy 702 S Raitt
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1/3/2012 3:33:49 PM
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6/23/2011 5:17:42 PM
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City Clerk
Doc Type
Agenda Packet
Item #
04
Date
1/5/2009
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3. Downpayment Assistance to Tenants Who Choose to Purchase <br />The displaced household may opt to apply the entire benefit amount for which they are <br />eligible toward the purchase of a replacement unit (Guidelines 49 CFR 24.402(b) and <br />HUD 1378). <br />A displaced household, who chooses to utilize up to the full amount of their rental <br />assistance eligibility (including any Last Resort benefits) to purchase a home, will have <br />the funds deposited in an open escrow account, provided that p entire amount is used <br />F~,, <br />for the downpayment and eligible, incidental costs associated wifh the purchase of a <br />decent, safe, and sanitary replacement home. A provisrbh shall be made in the escrow <br />arrangements for the prompt return of the Developerfunds, in the event escrow should <br />fail to close within a reasonable period of time. <br />Final determination about the type of relaeation benefits and assistance' for wvhich the <br />household is eligible will be determined upon verificattAn^of the househpld's occupants <br />and income. <br />TEMPORARY DISPLACEMENTS <br />All residential occupants to be temporarily relocated will be eligible to receive a fixed payment <br />for moving and related expenses. Each studio and one bedroom household will receive a fixed <br />payment of $625 for„the move into a temporary emit on-site as well as $625 for the move back <br />into a rehabilitated liiiit..Each two-bedroom houstrh~ld will receive $800 for each move. The <br />tenants will only be responsible for the utilities in the unit in which they are residing during any <br />phase of the project: Utility or phone transfer fees'are included in the fixed moving payment. <br />There is xio anticipated naed for rental assistance payments, because the tenants will be housed <br />on the:=Project site during the, temporary`rnove phase. They will pay the same rental rates for <br />their temporary units as they, are paying in their current units. All temporarily displaced <br />households wili also be eligible fore advisory services provided by the Developer. <br />.............. <br />C. PROGRAM ASSiIRANCES AND STANDARDS <br />Adequate funds are available to relocate all displaced households. Relocation assistance services <br />will be provided to ensure that displacement does not result in different or separate treatment of <br />households based on race, nationality, color, religion, national origin, sex, marital status, familial <br />status, disability or any other basis protected by the federal Fair Housing Amendments Act, the <br />Americans with Disabilities Act, Title VI of the Civil Rights Act of 1964, Title VIII of the Civil <br />Rights Act of 1968, the California Fair Employment & Housing Act, and the Unruh Act, as well <br />as any other arbitrary or unlawful discrimination. <br />13 <br />4-86 <br />
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