Section 17-2017-14 - Replacement housing payment to tenant-occupants for not less than ninety days who purchase(a) A displaced tenant of property required by the State is eligible for a replacement housing payment in accordance with section 111-4(b), HRS; provided that tenant has purchased and occupied a comparable dwelling not later than one year subsequent to the date on which the tenant was required to move from the dwelling unit required.(b) The payment shall be the amount necessary to make a downpayment on a, comparable dwelling. Determination of the amount necessary for such downpayment shall be based on the amount that the relocatee would have had to pay if the purchase of a comparable dwelling was financed by a conventional loan.(c) The full amount of the replacement housing payment must be applied to the downpayment, including closing costs.(d) If a tenant who otherwise qualifies for a payment under this section has previously received a payment under section 17-2017-13, the amount of such prior payment shall be deducted from the amount the tenant is otherwise eligible for under this section.Haw. Code R. § 17-2017-14
[Eff NOV 15 2004] (Auth: HRS §§ 111-4, 111-9) (Imp: HRS §§ 111-4, 111-9)