Section 17-2017-11 - Replacement housing payment to owner-occupants for less than one year but not less than ninety days who purchase(a) A displaced owner-occupant of a one, two, or three family dwelling, acquired by the State, who does not qualify for a replacement housing payment under section 17-2017-9 is eligible for a replacement housing payment in accordance with section 111-4(b), HRS; provided that the owner-occupant purchases a comparable dwelling not later than one year subsequent to the date on which the owner-occupant was required to move.(b) The payment, not to exceed $4,000, is the amount, if any, which is necessary to make a downpayment on a replacement dwelling. (1) The determination of the amount necessary for a downpayment shall be based on the amount a relocatee would have had to pay if the purchase of a comparable dwelling was financed with a conventional loan.(2) This payment shall not exceed the amount which the owner-occupant would have received had the owner-occupant been eligible for a payment under section 17-2017-9.(3) If the owner-occupant is otherwise qualified for payment under this section but has previously received a payment under section 17-2017-9, the amount of such payment previously received shall be deducted from the amount the owner-occupant is entitled to under this section. In no event shall the combined total payment exceed $4,000.Haw. Code R. § 17-2017-11
[Eff NOV 15 2004] (Auth: HRS § 111-9) (Imp: HRS § 111-4)