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Remember: Your replacement housing assistance must be enough <br />for your not to spend more than your baseline rent on comparable <br />housing for the next 3 % years. (And although you are free to move <br />into a dwelling that is more expensive than the comparable housing <br />that the City presents to you, your benefits will not increase as a <br />result.) <br />Calculating Your Rental Assistance Payment (RAP) <br />Comparable * <br />Rent Plus Utilities <br />Baseline Rent = <br />Replacement <br />Housing Payment <br />Family #1 $520 - <br />$480 = <br />$40 x 42 = $1,680 <br />Family #2 $550 - <br />$450 = <br />$100 x 42 = $4,200 <br />*Your Relocation Agent will select the specific comparable dwelling to be used in this calculation <br />You will not be eligible to receive any relocation payments until <br />the City has actually made the first written offer to purchase the <br />property. And, you will also receive at least 90 days' written notice <br />before you must move. <br />Down Payment Option <br />The Rental Assistance Payment may - with certain limitations - be <br />converted to a Down Payment Option to assist you in purchasing a <br />replacement property. The down payment option is a direct <br />conversion of the Rent Assistance Payment. <br />If the City calculated Rent Differential is between $0 and $7,200, <br />your down payment option will be $7,200, which can be used <br />towards the purchase of a replacement decent, safe and sanitary <br />dwelling. <br />17 <br />55B -109 <br />