True or False
In order to be eligible for relocation assistance, you must be in the U.S. lawfully.
What is True?
The URA prohibits providing relocation assistance to persons not lawfully present in the U.S.
An occupant that has moved out of the displacement site prior to being presented with a notice of eligibility.
What is not eligible?
Who has the ability to use Down Payment Assistance to purchase a replacement home?
What is Residential Tenant.
An Owner cannot use Down Payment assistance. An Owner uses a Price Differential Payment to purchase a replacement.
Residential displacees are entitled to:
Advisory Services, replacement housing payments and moving expenses.
What is True.
The law that establishes minimum standards for federally funded programs and projects that require the acquisition of real property or displace persons from their homes, businesses, or farms.
What is the Uniform Relocation Act?
A displacee must choose either a self-move or an actual cost move and cannot combine the two.
What is False?
A displacee has the option to choose a Commercial Move, Self-Move (fixed residential move cost schedule or actual cost move) OR a combination of the move methods.
Who is eligible for a mortgage interest differential payment (MIDP)?
What is, a displaced Residential Owner.
Using comparable homes in a less desirable area or location is okay to do.
What is False.
This would not be considered comparable.
The statutory maximum for a rent supplement is ______
$7,200
Expenses that are incidental to the purchase of a replacement dwelling that are non-recurring costs that are typically paid by the buyer.
What are Incidental Expenses.
Housing of Last Resort is when people move at the last minute.
What is False.
Housing of Last resort is when a project cannot proceed on a timely basis because comparable dwellings are not available within the monetary limits for owners or tenants. It is additional or alternative assistance.
Real property is eligible for moving expenses.
What is False.
Only personal property is eligible for moving expenses.
What is the required process that includes an explanation of benefits, availability and location of comparable housing, assistance in completing claim forms, transportation to inspect comparable replacement housing, and other services to assist displaced person though the relocation process.
What is Advisory Services.
A residential displacee must be provided a minimum of three comparable replacement dwellings before they can be required to move.
What is False.
A residential displacee must be provided at least one comparable dwelling before being required to move.
When there are no comps available that meet DSS standards and are within the displacees' financial means, this may be used.
What is Housing of Last Resort?
Agencies have the ability to withhold entitlements from a displacee to cover other bills or back rents.
What is False.
Rent plus utilities is the __________.
What is Base Monthly Rent.
Used to calculate the entitlement.
An owner must own and occupy at least 90-days prior to the offer date, purchase a DSS replacement dwelling within 12 months, and make their claim within 18 months of the date they vacate or the date of receipt of payment, whichever is later.
What is True.
Statutory maximum for a price differential is ________.
$31,000
When a property being acquired has a major exterior attribute or is mixed use, a _____________ must be completed in order to calculate a price differential.
What is Carve Out.
1. In order to receive a price differential or rental assistance payment, an eligible displaced resident must purchase OR rent a comparable replacement dwelling.
2. A residential displacee has 18 months to occupy and 18 months to claim their entitlement.
1. What is True
2. What is False. 12 months to occupy and 18 months to claim.
Listing prices of comparable homes available on the market can be adjusted based on asking price and selling price.
What is False.
A comparable replacement dwelling is within the financial means of a displaced residential tenant if the monthly rent and utilities do not exceed 30% of the persons average gross monthly income.
What is True.
Agent must confirm using the "Low Income" HUD Annual Survey of income limits.
The Act that ensures:
Owners of real property to be acquired for federally funded projects are treated fairly, to minimize litigation, relieve court congestion and promote public confidence.
Treated fairly, consistently and equitably.
Agencies implement the regulations in a manner that is efficient and cost effective.
What is the Uniform Act.
What is a government-wide single rule implementing the Uniform Act?
What is 49 Code of Federal Regulations, Part 24