Section 24.402(b)(2) Low income calculation example.

The Uniform Act requires that an eligible displaced person who rents a replacement dwelling is entitled to a rental assistance payment calculated in accordance with § 24.402(b). One factor in this calculation is to determine if a displaced person is “low income,” as defined by the U.S. Department of Housing and Urban Development’s annual survey of income limits for the Public Housing and Section 8 Programs. To make such a determination, the Agency must: (1) Determine the total number of members in the household (including all adults and children); (2) locate the appropriate table for income limits applicable to the Uniform Act for the state in which the displaced residence is located (found at: http://www.fhwa.dot.gov/realestate/ua/ualic.htm); (3) from the list of…

Section 24.402 Replacement Housing Payment for 90-day Occupants

ROW-C Note: This section includes the subsections listed below and also listed under the heading Related Uniform Code located in the sidebar of this page.  Clicking on a code within the sidebar will allow you to discuss and review comments for that code and its subsections. If your discussion topic does not reasonably fit into one of those subsections but is somewhat related, then this is a good section to start your new discussion by clicking the New Discussion button located on the upper right of this page. For quick reference, the major sections are listed below: Section 24.402(b)(2) Low income calculation example. The Uniform Act requires that an eligible displaced person who rents a replacement dwelling is entitled to a…

Section 24.401(d) Increased mortgage interest costs.

The provision in § 24.401(d) sets forth the factors to be used in computing the payment that will be required to reduce a person’s replacement mortgage (added to the downpayment) to an amount which can be amortized at the same monthly payment for principal and interest over the same period of time as the remaining term on the displacement mortgages. This payment is commonly known as the “buydown.” The Agency must know the remaining principal balance, the interest rate, and monthly principal and interest payments for the old mortgage as well as the interest rate, points and term for the new mortgage to compute the increased mortgage interest costs. If the combination of interest and points for the new mortgage…

Section 24.401(c)(2)(iii) Price differential.

The provision in § 24.401(c)(2)(iii) to use the current fair market value for residential use does not mean the Agency must have the property appraised. Any reasonable method for arriving at the fair market value may be used.

Section 24.401(a)(2).

An extension of eligibility may be granted if some event beyond the control of the displaced person such as acute or life threatening illness, bad weather preventing the completion of construction, or physical modifications required for reasonable accommodation of a replacement dwelling, or other like circumstances causes a delay in occupying a decent, safe, and sanitary replacement dwelling.

Section 24.401 Replacement Housing Payment for 180-day Homeowner-Occupants.

ROW-C Note: This section includes the subsections listed below and also listed under the heading Related Uniform Code located in the sidebar of this page.  Clicking on a code within the sidebar will allow you to discuss and review comments for that code and its subsections. If your discussion topic does not reasonably fit into one of those subsections but is somewhat related, then this is a good section to start your new discussion by clicking the New Discussion button located on the upper right of this page. For quick reference, the major sections are listed below: Section 24.401(a)(2). An extension of eligibility may be granted if some event beyond the control of the displaced person such as acute or life…

Appendix A Subpart E – Replacement Housing Payments

Intent of 24.400 through 24.404 various sections (ROW-C)   ROW-C Note: This section includes the subsections listed below and also listed under the heading Related Uniform Code located in the sidebar of this page.  Clicking on a code within the sidebar will allow you to discuss and review comments for that code and its subsections. If your discussion topic does not reasonably fit into one of those subsections but is somewhat related, then this is a good section to start your new discussion by clicking the New Discussion button located on the upper right of this page. For quick reference, the major sections are listed below: Section 24.401 Replacement Housing Payment for 180-day Homeowner-Occupants. Section 24.402 Replacement Housing Payment for 90-day…

Section 24.306 Discretionary Utility Relocation Payments.

Section 24.306(c) describes the issues that the Agency and the utility facility owner must agree to in determining the amount of the relocation payment. To facilitate and aid in reaching such agreement, the practices in the Federal Highway Administration regulation, 23 CFR part 645, subpart A, Utility Relocations, Adjustments and Reimbursement, should be followed.

Section 24.305(d) Nonprofit organization.

Gross revenues may include membership fees, class fees, cash donations, tithes, receipts from sales or other forms of fund collection that enables the nonprofit organization to operate. Administrative expenses are those for administrative support such as rent, utilities, salaries, advertising, and other like items as well as fundraising expenses. Operating expenses for carrying out the purposes of the nonprofit organization are not included in administrative expenses. The monetary receipts and expense amounts may be verified with certified financial statements or financial documents required by public Agencies.