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206 S. Flower Acquisition and Relocation <br />Relocation Plan <br />received by the person who would not otherwise be able to seek employment in the absence <br />of such care. <br />Rental Assistance payment amounts are equal to 42 times the difference between the base <br />monthly rent and the lesser of: <br />(i) The monthly rent and estimated average monthly cost of utilities for a <br />comparable replacement dwelling; or <br />(ii) The monthly rent and estimated average monthly cost of utilities for the decent, <br />safe, and sanitary replacement dwelling actually occupied by the displaced person. <br />The base monthly rent for the displacement dwelling is the lesser of: <br />(i) The average monthly cost for rent and utilities at the displacement dwelling for <br />a reasonable period prior to displacement, as determined by the City; or <br />(ii) Thirty, percent (30%) of the displaced person's average, monthly gross <br />household income. If a displacee refuses to provide appropriate evidence of income <br />or is a dependent, the base monthly rent shall be determined to be the average <br />monthly cost 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 under State Regulations 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 Last Resort Housing 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 Last Resort benefits) to purchase a home, will have the <br />funds deposited in an open escrow account, provided that the entire amount is used for the <br />downpayment and eligible, incidental costs associated with the purchase of a decent, safe, <br />and sanitary replacement home. A provision shall be made in the escrow arrangements for <br />the prompt return of the City 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 />household is eligible will be determined upon verification of the household's occupants, <br />ages, length of occupancy and income. <br />City Council -- 25 — 19 4/4/2023 <br />