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Highway 61 correspondence and documents, 1968-1974

1971-01-02 Iowa State Highway Commission Relocation Assistance Advisory Program Page 6

$4,000 towards the down payment of a replacement dwelling to include certain incidental expenses incurred in purchasing replacement housing such as evidence of title, recording fees and other closing costs.

Owner Occupant
An individual or family who has owned and occupied a dwelling for less than 180 days but at least 90 days and who elects to purchase a replacement dwelling is eligible for a payment up to but not exceed an amount of $4,000 towards the down payment of a replacement dwelling to include certain incidental expenses incurred in purchasing replacement housing such as evidence of title, recording fees and other closing costs.
Any individual or family who has owned and occupied a dwelling for less than 180 days but at least 90 days may also elect to rent a replacement dwelling. Such eligible for a rental replacement housing payment not to exceed $4,000. This payment shall be determined by the difference of the amount necessary to rent a comparable dwelling for the next four years and the amount of economic rent as determined by the State from market data.
An individual or family who has owned and occupied a dwelling for at least 180 days prior to the start of negotiations for the property may be entitled to an additional payment to purchase replacement housing. The amount of this payment is the amount necessary, if any, which must be added to the amount paid for the swelling taken to enable the owner to purchase a comparable decent, safe and sanitary replacement dwelling. To be entitled to this payment the replacement dwelling must be adequate to accomodate the individual.

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$4,000 towards the down payment of a replacement dwelling to include certain incidental expenses incurred in purchasing replacement housing such as evidence of title, recording fees and other closing costs. Owner Occupant An individual or family who has owned and occupied a dwelling for less than 180 days but at least 90 days and who elects to purchase a replacement dwelling is eligible for a payment up to but not exceed an amount of $4,000 towards the down payment of a replacement dwelling to include certain incidental expenses incurred in purchasing replacement housing such as evidence of title, recording fees and other closing costs. Any individual or family who has owned and occupied a dwelling for less than 180 days but at least 90 days may also elect to rent a replacement dwelling. Such eligible for a rental replacement housing payment not to exceed $4,000. This payment shall be determined by the difference of the amount necessary to rent a comparable dwelling for the next four years and the amount of economic rent as determined by the State from market data. An individual or family who has owned and occupied a dwelling for at least 180 days prior to the start of negotiations for the property may be entitled to an additional payment to purchase replacement housing. The amount of this payment is the amount necessary, if any, which must be added to the amount paid for the swelling taken to enable the owner to purchase a comparable decent, safe and sanitary replacement dwelling. To be entitled to this payment the replacement dwelling must be adequate to accomodate the individual.