Laserfiche WebLink
Depot at Santiago Project <br />Relocation Plan <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. Average monthly cost of utilities will be <br />determined by actual statements/receipts over a 12 month period or a statement of <br />average usage from the utility company, if provided. The most recent local utility <br />schedule will be used to determine estimated utilities' costs, if actual costs are not <br />provided. For owner -occupants or households, which paid little or no rent, fair <br />market rent will be used as a substitute for actual rent; or <br />ii. Thirty percent (30%) of the displaced person's average, monthly gross household <br />income, if the amount is classified as "low income" by the U. S. Department <br />of Housing and Urban Development's (HUD) Annual Survey of Income <br />Limits for the Public Housing and Section 8 Programs. (HUD's Survey is <br />shown as Exhibit A.) If a displacee refuses to provide appropriate evidence of <br />income or is a dependent, the base monthly rent shall be detennined to be the <br />average monthly cost for rent and utilities at the displacement dwelling; or <br />iii. The total of the amount designated for shelter and utilities if receiving a welfare <br />assistance payment from a program that designated the amounts for shelter and <br />utilities. <br />Table 6 portrays the benefits detennination under the URA: <br />TABLE 6: Example Computation of URA Rental Assistance Payments <br />1. Old Rent <br />$650 <br />Old Rent and Utilities <br />or <br />2. Ability to Pay <br />$700 <br />30% of the Gross Household Income (if Low Income) <br />3. Lesser of lines I or 2 <br />$650 <br />Base Monthly Rental <br />Subtracted From: <br />4. Actual New Rent <br />$750 <br />Actual New Rent and Estimated Utilities <br />or <br />5. Comparable Rent <br />$775 <br />Determined by Developer (includes estimated utilities) <br />6. Lesser of lines 4 or 5 <br />$750 <br />7. Yields Monthly Need: <br />$100 <br />Subtract line 3 from line 6 <br />8. Rental Assistance <br />$4,200 <br />Multiply line 7 by 42 months <br />55A 520 <br />