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24.401

24.401 Replacement housing payment for 180-day homeowner-occupants.

24.401(a) Eligibility. A displaced person is eligible for the replacement housing pay...
24.401(b) Amount of payment. The replacement housing payment for an eligible 180-day h...
24.401(c) Price differential -...
24.401(d) Increased mortgage interest costs. The displacing Agency shall determine the...
24.401(e) Incidental expenses. The incidental expenses to be paid under paragraph (b)(...
24.401(f) Rental assistance payment for 180-day homeowner. A 180-day homeowner-occupan...

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24.401(a) Eligibility. A displaced person is eligible for the replacement housing pay...
24.401(a)(1) Has actually owned and occupied the displacement dwelling for not less than ...
24.401(a)(2) Purchases and occupies a decent, safe, and sanitary replacement dwelling wit...
24.401(a)(2)(i) The date the displaced person receives final payment for the displacement dw...
24.401(a)(2)(ii) The date the displacing Agency's obligation under § 24.204 is met....
24.401(b) Amount of payment. The replacement housing payment for an eligible 180-day h...
24.401(b)(1) The amount by which the cost of a replacement dwelling exceeds the acquisiti...
24.401(b)(2) The increased interest costs and other debt service costs which are incurred...
24.401(b)(3) The reasonable expenses incidental to the purchase of the replacement dwelli...
24.401(c) Price differential -...
24.401(c)(1) Basic computation. The price differential to be paid under paragraph (b)(1) ...
24.401(c)(1)(i) The reasonable cost of a comparable replacement dwelling as determined in ac...
24.401(c)(1)(ii) The purchase price of the decent, safe, and sanitary replacement dwelling a...
24.401(c)(2) Owner retention of displacement dwelling. If the owner retains ownership of...
24.401(c)(2)(i) The cost of moving and restoring the dwelling to a condition comparable to t...
24.401(c)(2)(ii) The cost of making the unit a decent, safe, and sanitary replacement dwelli...
24.401(c)(2)(iii) The current fair market value for residential use of the replacement dwell...
24.401(c)(2)(iv) The retention value of the dwelling, if such retention value is reflected i...
24.401(d) Increased mortgage interest costs. The displacing Agency shall determine the...
24.401(d)(1) The payment shall be based on the unpaid mortgage balance(s) on the displace...
24.401(d)(2) The payment shall be based on the remaining term of the mortgage(s) on the d...
24.401(d)(3) The interest rate on the new mortgage used in determining the amount of the ...
24.401(d)(4) Purchaser's points and loan origination or assumption fees, but not seller's...
24.401(d)(4)(i) They are not paid as incidental expenses;...
24.401(d)(4)(ii) They do not exceed rates normal to similar real estate transactions in the ...
24.401(d)(4)(iii) The Agency determines them to be necessary; and...
24.401(d)(4)(iv) The computation of such points and fees shall be based on the unpaid mortga...
24.401(d)(5) The displaced person shall be advised of the approximate amount of this paym...
24.401(e) Incidental expenses. The incidental expenses to be paid under paragraph (b)(...
24.401(e)(1) Legal, closing, and related costs, including those for title search, prepari...
24.401(e)(2) Lender, FHA, or VA application and appraisal fees....
24.401(e)(3) Loan origination or assumption fees that do not represent prepaid interest....
24.401(e)(4) Professional home inspection, certification of structural soundness, and ter...
24.401(e)(5) Credit report....
24.401(e)(6) Owner's and mortgagee's evidence of title, e.g., title insurance, not to exc...
24.401(e)(7) Escrow agent's fee....
24.401(e)(8) State revenue or documentary stamps, sales or transfer taxes (not to exceed ...
24.401(e)(9) Such other costs as the Agency determine to be incidental to the purchase....
24.401(f) Rental assistance payment for 180-day homeowner. A 180-day homeowner-occupan...
24.400 E-Replacement Housing Payments Note: Subpart E – Replacement Housing Payments, includes sections 24.40...

Uniform Act

24.401

24.401

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