Laserfiche WebLink
14 <br />(ii) Thirty percent (30%) of the displaced <br />average, monthly gross household <br />income. If a tenant refuses to provide appropriate evidence of income or is a <br />dependent, the base monthly rent shall be determined to be the average monthly cost <br />for rent and utilities at the displacement dwelling; or <br />(iii) The total of the amount designated for shelter and utilities if receiving a welfare <br />assistance payment from a program that designated the amounts for shelter and <br />utilities <br />3. Downpayment Assistance to Tenants Who Choose to Purchase <br />The displaced household may opt to apply the entire benefit amount for which they are <br />eligible toward the purchase of a replacement unit. <br />Residential tenants, who are otherwise eligible to receive the rental assistance payment <br />described above, may choose to receive a lump sum payment equal to forty-two months of <br />rental subsidy (including LRH benefits) to purchase a new home. <br />A displaced household, who chooses to utilize up to the full amount of their rental <br />assistance eligibility (including any LRH benefits) to purchase a home, will have the funds <br />deposited in an open escrow account, provided that the entire amount is used for the down <br />payment and eligible, incidental costs associated with the purchase of a decent, safe, and <br />sanitary replacement home. A provision shall be made in the escrow arrangements for the <br />prompt return of the Developer funds, in the event escrow should fail to close within a <br />reasonable period of time. <br />Final determination about the type of relocation benefits and assistance for which the <br />length of occupancy and income. <br />4. One-for-One Replacement Unit Requirement <br />The Housing Crisis Act of 2019 (SB 330) and SB 8 dictates replacement requirements for <br />. <br />controlled units, units occupied by low-income tenants, units with low-income rent <br />levels, units where an Ellis Act eviction has taken place in the last 10 years, and units <br />with BMR rents instituted as part of a deed restriction or covenant. <br />Developers are required to replace all units fitting these descriptions as part of any <br />housing development on a site with existing housing. All Protected Units that existed on <br />site within the last five years must be replaced with equivalent sized units in the new <br />development. For the purposes of SB 330 obligations, both Project residential dwellings are <br />. <br />Existing tenants to be permanently displaced from a Protected Unit must be offered the <br />Right of First Refusal as follows: <br />A right of first refusal for a comparable dwelling unit available in the new development <br />affordable to the household at an affordable rent or affordable housing cost based on <br />household income. <br />ATTY/RESO.0024/PC RESO 901 EL CAMINO <br />REV: 04-11-25 VR