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Highway 61 correspondence and documents, 1968-1974

1971-01-02 Iowa State Highway Commission Relocation Assistance Advisory Program Page 7

and his family. The replacement dwelling must also be reasonably accessable to public services and places of employment and available on the private market. This payment may not exceed a maximum payment of $15,000 and includes the replacement housing supplement; increased interest cost on a new mortgage; and certain incidental expenses incurred in purchasing replacement housing. These incidental expenses include costs of obtaining evidence of title, recording fees and other closing costs.
An individual or family who owns and occupies a dwelling for at least 180 days prior to the start of negotiations but elects to rent a replacement dwelling is eligible for a rental replacement housing payment not to exceed $4,000; and shall be determined by the difference of the amount necessary to rent a comparable dwelling for the next four years and amount of economic rent as determined by the state from market data.
Pursuant to Department of Transportation order number 5620.1 no person shall be displaced by construction projects unless and until adequate replacement housing has already been provided or is built.

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and his family. The replacement dwelling must also be reasonably accessable to public services and places of employment and available on the private market. This payment may not exceed a maximum payment of $15,000 and includes the replacement housing supplement; increased interest cost on a new mortgage; and certain incidental expenses incurred in purchasing replacement housing. These incidental expenses include costs of obtaining evidence of title, recording fees and other closing costs. An individual or family who owns and occupies a dwelling for at least 180 days prior to the start of negotiations but elects to rent a replacement dwelling is eligible for a rental replacement housing payment not to exceed $4,000; and shall be determined by the difference of the amount necessary to rent a comparable dwelling for the next four years and amount of economic rent as determined by the state from market data. Pursuant to Department of Transportation order number 5620.1 no person shall be displaced by construction projects unless and until adequate replacement housing has already been provided or is built.