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utilities of $_______ (rent of $________ and utilities of $______) was the most representative of your <br />current dwelling. <br /> <br />Base monthly rent is defined as the lesser of: <br /> <br />(1) $_________, which represents the average monthly rent ($_______) and average monthly <br />utilities ($____) at your displacement dwelling (if you are paying little or no rent, the amount is <br />based on the economic rental value of your dwelling); or <br />(2) $_______, which represents thirty (30) percent of your gross monthly adjusted household income <br />it has been determined the income <br />information provided was insufficient evidence of income.) <br /> <br />Based on the above, your base monthly rent amount is $________ and your maximum rental assistance <br />payment is calculated below: <br /> <br />Maximum Rental Assistance Payment Calculation <br />1 Comparable Dwelling Cost $ <br /> <br />2 Base Monthly Rent $ <br /> <br />3 <br /> <br />Monthly Difference (Line 1 minus Line 2) $ <br />4 Maximum payment (difference times 42 months) $ <br /> <br />Your actual payment depends on the cost of the replacement dwelling you decide to rent. If you <br />rent and occupy a replacement dwelling that rents for less than the comparable dwelling, your rental <br />assistance payment will be based on the actual cost of your replacement dwelling. If you rent and occupy a <br />replacement dwelling that rents for more than the comparable dwelling, your rental assistance payment will <br />be limited by the cost of the comparable dwelling. <br /> <br />If you BUY replacement housing (Downpayment Assistance) <br /> <br />You may use the amount of your rental assistance payment under Title 25 for down payment assistance. <br />Should you choose to buy (rather than rent) a decent, safe and sanitary replacement home under Title 25, <br />you may use the full amount of your rental assistance payment ($____________), as calculated above <br />purchase of a replacement dwelling. Under Title 25, you are not limited in the type of home you choose. <br /> <br />If you have received any amount as rental supplements, then those amounts will be deducted from all eligible <br />down payment calculations. Let us know if you would prefer to buy a replacement home, and we will help <br />you find such housing. <br />To be eligible for a replacement housing payment described above, you must rent or purchase and occupy a <br />decent, safe and sanitary replacement dwelling within 12 months, as well as file claims for replacement <br />housing or moving payments within 18 months from the date you move from your displacement dwelling. <br />Failure to occupy the replacement dwelling or to submit claims within the above time limits could <br />result in loss of moving and/or replacement housing benefits. <br />You do not have to accept any dwelling referred to you by <<NAME>>. You may choose your own replacement, <br />but to qualify for relocation assistance payments it must first be inspected to assure that it meets the decent, <br />safe and sanitary standards. For this reason, DO NOT MOVE from your home and DO NOT CONTRACT to <br />rent or purchase a replacement dwelling without first contacting your relocation agent <br />not a substitute for a professional housing inspection. <br />ATTY/RESO.0024/PC RESO 901 EL CAMINO <br />REV: 04-11-25 VR