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Exhibit 2 <br />A study was completed to determine the cost of comparable replacement housing in proximity to <br />where you live. The study indicated that the comparable available housing has a monthly rent and <br />estimated utilities of $ (rent of $ and utilities of $ ). <br />Base monthly rent is defined as the lesser of: <br />(1) $ , which represents the average monthly rent ($ ) and average <br />monthly utilities ($ ) at your displacement dwelling (if you are paying no rent, the <br />amount is based on the economic rental value of your dwelling); or <br />(2) $ , which represents thirty (30) percent of your gross monthly adjusted <br />household income (If "N/A", income was not used in the calculation because it has been <br />determined the income information provided was insufficient evidence of income.) <br />Based on the above, your base monthly rent amount is $ and your maximum rental <br />assistance payment is calculated below: <br />Maximum Rental Assistance Payment Calculation <br />1 <br />Comparable Dwelling Cost <br />$ <br />2 <br />Base Monthly Rent <br />$ <br />3 <br />Monthly Difference (Line 1 minus Line 2) <br />$ <br />4 <br />Maximum payment (difference times 42 months) <br />$ <br />Your actual payment depends on the cost of the replacement dwelling you decide to <br />rent. If you rent and occupy a replacement dwelling that rents for less than the comparable <br />dwelling, your rental assistance payment will be based on the actual cost of your replacement <br />dwelling. If you rent and occupy a replacement dwelling that rents for more than the comparable <br />dwelling, your rental assistance payment will be limited by the cost of the comparable dwelling. <br />If you BUY replacement housing (Downpayment Assistance) <br />You may use the amount of your rental assistance payment for down payment assistance. Should <br />you choose to buy (rather than rent) a decent, safe and sanitary replacement home, you may use <br />the full amount of your rental assistance payment ($ ), as calculated above for a <br />down payment and incidental expenses (typically known as "closing costs") associated with the <br />purchase of a replacement dwelling. You are not limited in the type of home you choose. <br />If you have received any amount as rental supplements, then those amounts will be deducted from <br />all eligible down payment calculations. Let us know if you would prefer to buy a replacement home, <br />and we will help you find such housing. <br />To be eligible for a replacement housing payment described above, you must rent or purchase and <br />occupy a decent, safe and sanitary replacement dwelling within 12 months, as well as file claims for <br />replacement housing or moving payments within 18 months from the date you move from your <br />displacement dwelling. Failure to occupy the replacement dwelling or to submit claims within <br />the above time limits could result in loss of moving and/or replacement housing benefits. <br />You do not have to accept any dwelling referred to you by the Owner. You may choose your own <br />replacement, but to qualify for relocation assistance payments it must first be inspected to assure that <br />it meets the "decent, safe and sanitary" standards. <br />