49 CFR Part 24 Subpart E

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49 CFR Part 24Subpart E

• Replacement Housing Payments

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Key Topics

• Comparability.
• Computation basics.
• Income considerations.
• Housing payments.

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Comparability

• New definition of dwelling site
• In 24.2(a)(11) a land area that is typical in
  size for similar dwellings located in the same
  neighborhood or rural area.
• Reason to clarify what to look for when looking
  for comparable properties, what to compare the
  displacement dwelling to.

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Comparable Replacement Dwelling

• Slightly revised definition in 24.2(a)(6)
• Removed style of living phrase.
• Reason functionally equivalent, but not a
  twin.

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Comparable Replacement Dwelling

• New 24.2(a)(6)(ix) only applies to persons
  displaced from government-assisted housing.

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What is Income?

• Household income applies to base monthly rental
  calculation.
• Household income required under revised
  24.402(b)(2)(ii) to compute replacement housing
  payment for 90-day, and less than 90-day,
  occupants.

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Lets See How It Works

• Please refer to example entitled
• What is the Household Income?

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Income Considerations

• New Definition 24.2(a)(14) Household Income
  means total gross income received for a 12-month
  period from all sources (earned and unearned).

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Income Considerations (cont.)

• Including, but not limited to
• Wages.
• Salary.
• Child support.
• Alimony.
• Unemployment benefits.
• Workers compensation.
• Social security.
• Net income from a business.

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Income Considerations (cont.)

• It does not include income received or earned by
  dependent children and full-time students under
  18 years of age.

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Income Considerations (cont.) 24.402(b)(2)(ii)

• Use 30 of monthly household income only when
  tenants and occupants are considered low
  income.

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Exclusions from Income

• 24.2(a)(14) excludes earnings of dependent
  children under 18.
• Appendix A refers to a HUD published list of
  Federally Mandated Exclusions From Income.
• Available on FHWAs Web site at

http//www.fhwa.dot.gov/realestate/exclusions.htm
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Finding Income Exclusions and Low Income Limits
http//www.fhwa.dot.gov/realestate/index.htm
Access is available on the FHWA Realty homepage.
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Lets See How it Works

• Please refer to example entitled
• Rental Replacement Housing Calculations for Low
  Income Tenants

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90 Day Occupants Downpayment Assistance
24.402(c)

• Agency can elect maximum 5,250 downpayment and
  apply uniformly.
• Downpayment no longer limited to conventional
  loan downpayment amount.

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Cost of Comparable Dwelling 24.403(a)(1)

• Adjustment of asking price no longer allowed

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Incidental Expenses 24.401(e)(4)

• Professional home inspection is now specifically
  eligible for reimbursement.

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Housing Options

• 24.401(f) 180-day owner who rents

Eligible for Purchase RHP 19,500
Market Rental Computation 12,500
Prior Limit 5,250
NEW LIMIT
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Lets See How it Works

• Please refer to example entitled
• 180-day Owners Who Rent

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Last Resort

• Payment limits (5,250 - 22,500) are set aside.
• Less than 90 day occupants could receive rental
  assistance.

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Lets See How it Works

• Please refer to example entitled
• Less Than 90-Day Tenant