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Example B <br />Purchase Price of Replacement Property $105,000 <br />Comparable Replacement Property $100,000 <br />Acquisition Price of Your Property 98,000 <br />Maximum Price Differential $ 2,000 <br />You Must Pay the Additional $5,000 <br />Example C <br />Comparable Replacement Property $100,000 <br />Purchase Price of Replacement $ 99,000 <br />Acquisition Price of Your Property 98,000 <br />Price Differential $ 1,000 <br />In Example C you will only receive $1,000 - not the full amount of the <br />City's "Comparable Replacement Property" because the <br />requirements to spend were not met. <br />IN ORDER FOR A "90 DAY OWNER OCCUPANT" TO RECEIVE THE <br />FULL AMOUNT OF THEIR REPLACEMENT HOUSING PAYMENT <br />(Purchase Price Differential, Mortgage Differential and Incidental <br />Expenses), you must: <br />A. Purchase and occupy a DS &S replacement dwelling within one <br />year after the later of: <br />1) The date you first receive a notification of an <br />available replacement house, OR <br />2) The date that the City has paid the acquisition cost of <br />your current dwelling (usually the closing of escrow <br />on acquisition), <br />13 <br />5513-105 <br />