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purchasing a replacement unit, such as escrow fees, recording fees, and credit <br />report fees. Recurring expenses such as prepaid taxes and insurance premiums <br />are not compensable. <br />B. Rental Assistance Option - If you are an owner- occupant and choose to rent rather than <br />purchase a replacement dwelling, you may be eligible for a rental assistance payment of <br />up to the amount that could have been received under the Purchase Price Differential, <br />explained above. The payment will be based on the difference between the fair market <br />rent of the dwelling you occupy and the rent you must pay for a comparable replacement <br />dwelling. <br />If you receive a rental assistance payment, as described above, and later decide to <br />purchase a replacement dwelling, you may apply for a payment equal to the amount you <br />would have received if you had initially purchased a comparable replacement dwelling, <br />less the amount you have already received as a rental assistance payment. <br />VII. QUALIFICATION FOR AND FILING OF RELOCATION CLAIMS <br />To qualify for a Replacement Housing Payment, you must rent or purchase and occupy a <br />comparable replacement unit within one year from the following: <br />• For a tenant, the date you move from the displacement dwelling <br />• For an owner- occupant, the latter of: <br />a. The date you receive final payment from the City for the acquired dwelling, or in <br />the case of condemnation, the date the full amount of estimated just compensation <br />is deposited in court or; <br />b. The date which you moved from the acquired dwelling, whichever is later <br />All claims for relocation benefits must be filed with the City within eighteen (18) months from <br />the date on which you receive final payment for your property, or the date on which you move, <br />whichever is later. <br />VIII. LAST RESORT HOUSING ASSISTANCE <br />If comparable replacement dwellings are not available when you are required to move, or if <br />replacement housing is not available within the monetary limits described above, the City will <br />provide Last Resort housing assistance to enable you to rent or purchase a replacement dwelling <br />on a timely basis. Last Resort Housing assistance is based on the individual circumstances of the <br />displaced person. Your relocation representative will explain the process for determining <br />whether or not you qualify for Last Resort assistance. <br />If you are a tenant, and you choose to purchase rather than rent a comparable replacement <br />dwelling, the entire amount of your rental assistance and last resort eligibility must be applied <br />toward the down - payment of the home you intend to purchase. <br />31 <br />55D -38 <br />