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including the income levels of the tenants, low Project rents, and the higher cost of <br />replacement dwellings, will create the need for Last Resort Housing. <br />A displaced person is entitled to Last Resort Housing assistance when, in a single residential <br />case, the computed total of rental assistance eligibility exceeds $5,250 or the replacement <br />housing payment exceeds $22,500. This type of situation is likely to develop among low- <br />income or large families, or in environments where project area rents are particularly low, or <br />where property values for the displacement dwellings are significantly lower than the <br />comparable replacement dwellings. <br />Residential tenants, who are otherwise eligible to <br />described above, may choose to receive a lump sum <br />of rental subsidy (including Last Resort Housin <br />Displacees who qualify for the 60-month calculalie <br />assistance entitlement to down payment assisYs'ti~i'ce <br />housing-type replacement home. If a convent <br />assistanee/down payment assistance payment is con <br />URA. <br />eive the Recital Assistance Payment <br />yment equal to forty-two (42) months <br />tencfits) to purchase a new home. <br />and who want to convert their rental <br />xst pulrchase a cooperative"or mutual <br />al home;,, is purchased; the rental <br />fed to a 42-month calculation per the <br />1. i~E~,~blt't)li,~124' Rl++°L(~C'.~"C"l:t)lti <br />The Developer's Tetnpoiy Relocation Program is designed to minimize hardship, be <br />responsive to unique,project circumstances, emphasize maintaining personal contact with all <br />affected individuals;'eonsistently apply all re~ulaZory criteria to formulate eligibility and <br />benefit determinations and conform to all applicable requirements. <br />The relocafibn program consists.. of two principal constituents: advisory assistance and <br />Individuals who will need fo'move from existing homes temporarily will receive advisory <br />assistance. Advisory assistance services are intended to inform displacees about the <br />rehabilitation process anal the relocation program as well as facilitate any claims processing: <br />To follow through on the advisory assistance component of the relocation program and <br />assure that the Developer meets its obligations under the law, Developer staff will perform <br />the following functions: <br />1. Distribute appropriate written information concerning the Developer's relocation <br />program; <br />Overland, Pacific & Cutler, Inc. <br />4 -125 <br />