Laserfiche WebLink
<br />Relocation Plan for the OlIDC 1501 North Ross Street Rehabilitation Project <br /> <br />The Developer will make Last Resort rental assistance payments on a periodic basis. <br />Recipients of Last Resort assistance who intend to purchase rather than re-rent <br />replacement housing, have the right to request a lump sum payment of all benefits for the <br />purpose of making a downpayment and paying standard, non-recurring closing costs. <br />Displacee households receiving periodic payments may elect, at any time, to request a <br />lump sum payment of all remaining benefits to assist with the purchase of a decent, safe, <br />and sanitary dwelling. <br /> <br />F. IMMIGRATION STATUS <br /> <br />Federal legislation (PL 105-117) prohibits the payment of relocation assistance benefits <br />under the Uniform Act to any alien not lawfully present in the United States unless such <br />ineligibility would result in an exceptional and extremely unusual hardship to the alien's <br />spouse, parent, or child any of whom is a citizen or an alien admitted for permanent <br />residence. Exceptional and extremely unusual hardship is defined as significant and <br />demonstrable adverse impact on the health or safety, continued existence of the family <br />unit, and any other impact determined by the Developer to negatively affect the alien's <br />spouse, parent or child. The Developer may elect to authorize the payment of relocation <br />assistance benefits to any otherwise eligible displacee from non-federally authorized <br />reimbursable funds. <br /> <br />In order to track and account for relocation assistance and benefit payments, relocation <br />staff will be required to seek immigration status information from each displacee 18 years <br />and older. <br /> <br />G. RELOCATION TAX CONSEQUENCES <br /> <br />In general, relocation payments are not considered income for the purpose of the Internal <br />Revenue Code of 1968, or the Personal Income Tax Law, Part 10 of the Revenue and <br />Taxation Code. Displaced persons are encouraged, however, to consult with personal tax <br />advisors concerning the tax consequences or social service providers to obtain information <br />concerning the tax consequences associated with relocation payments. <br /> <br />Prepared by Overland, Pacific & Cutler, Inc. <br /> <br />Page 21 <br /> <br />80A-31 <br />