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37.0107 Replacement housing for tenants and certain others.

Cite as [A.S.A.C. § 37.0107]

In addition to amounts otherwise authorized by this chapter, the Governor shall make a payment to or for any displaced person displaced from any dwelling not eligible to receive a pay- men t under 37.0106, which d welling was actually and lawfully occupied by the displaced person for not less than 90 days prior to the initiation of negotiations for acquisition of such dwelling. The payment shall be either:

(1) the amount necessary to enable the displaced person to lease or rent for a period not to exceed 4 years, a decent, safe, and sanitary dwelling of standards adequate to accommodate the person in areas not generally less desirable in regard to public utilities and public and commercial facilities, and reasonably accessible to his place of employment, but not to exceed $4, 000; the payment shall be determined by subtracting from the amount the tenant actually pays for replacement dwelling or, if lesser, the amount determined by the territory necessary to rent a comparable dwelling for the next 4 years, the following amount:

(A) Forty-eight times the average monthly rental paid by the relocated individual or family during the last 3 months;

(B) If such average monthly rental is not reasonably equal to market rentals for similar dwellings, the economic rent as established by the territory shall be used;

(C) The "rent being paid" shall include any rent supplements supplied by others except when, by law, such supplement is to be discontinued upon vacation of the property; or

(2) the amount necessary to enable the person to make a down payment, including incidental expenses described in 37.0106 (a)

(3) on the purchase of a decent, safe, and sanitary dwelling of standards adequate to accommodate such person in areas not generally less desirable in regard to public utilities and public and commercial facilities, but not to exceed $4, 000, except that if the amount exceeds $2, 000, the person must equally match any amount in excess of $2, 000, in making the down payment.

History: Relocation Asst. and Prop. Acq. Regs. eff prior to 1975, Reg. 2.03.