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Relocation Plan for the OHDC 1501 North Ross Street Rehabilitation Project <br />5. Benefit checks will be issued to the Developer's relocation representative for <br />distribution to claimants. <br />6. Replacement housing payments to residential occupants will be issued <br />approximately three weeks after confirmation that the Project premises have <br />been vacated and residency at the replacement unit is verified, with final <br />payments being made as a lump sum or possibly on a periodic basis. <br />7. Receipts of payment will be obtained and archived by the Developer's <br />relocation representative in individual relocation case files. <br />E. LAST RESORT HOUSING <br />Based on data derived from the surveys and analyses of the occupants in the Project area <br />and costs of replacement housing resources, it is anticipated that "comparable replacement <br />housing" will not be available as required within the maximum relocation amounts provided <br />by the applicable regulations. Specifically, when the computed replacement housing <br />assistance eligibility exceeds $5,250 or replacement dwelling monthly rental costs <br />(including utilities and other reasonable recurring expenses) exceed 30% of the person's <br />average monthly income. <br />Therefore, if the Project proceeds, the Developerwill authorize its funds orfunds authorized <br />for the Project to provide housing of last resort. Due to the demonstrated number of <br />available replacement housing resources for the occupants, as shown above in Section <br />III, development of a replacement housing plan to produce sufficient number of comparable <br />replacement dwellings will not be necessary. Rather, funds will be used to make payments <br />in excess of the monetary limits specified in the statute; hence, satisfying the requirement <br />that "comparable replacement housing" be available. <br />A permanently displaced household will be entitled to consideration for supplementary <br />benefits in the form of Last Resort Housing assistance when comparable replacement <br />dwellings are not available within the monetary limits for tenants ($5,250) as specified <br />above in Section IV, C. 2. b., as well as, for tenants who fail to meet the 90 day length of <br />occupancy requirement unless such tenant occupied the property for the purpose of <br />obtaining assistance and benefits. <br />Prepared by Overland, Pacific & Cutler, Inc. Page 20 <br />7 -62 <br />