24 Va. Admin. Code § 30-41-630
Current through Register Vol. 40, No. 22, June 17, 2024
Section 24VAC30-41-630 - Replacement housing payments; 90-day owner-occupantA. General. A displaced owner of a mobile home who has occupied the home and site for at least 90 days is eligible for the following as a replacement housing benefit: 1. The additional cost necessary to purchase replacement housing as specified in subsections B, C, D, and E of this section, and in accordance with the provisions of Part VIII (24VAC30-41-390 et seq.) of this chapter;2. Compensation for the loss of favorable financing on the existing mortgage in the financing of such replacement housing, under the provisions of 24VAC30-41-500; and3. An amount to reimburse the owner for incidental expenses incident to the purchase of such replacement housing in accordance with the provisions of 24VAC30-41-510. A displaced owner-occupant of a mobile home eligible for a replacement housing payment as shown above who elects to rent is eligible for a rental replacement housing payment, in accordance with 24VAC30-41-510.
B. Acquisition of mobile home and site from owner-occupant.1. The purchase supplement payment will be an amount, if any, which when added to the amount for which VDOT acquired the mobile home and site equals the lesser of: a. The amount the owner is required to pay for a decent, safe and sanitary replacement mobile home and site; orb. The amount determined by the district office as necessary to purchase a comparable mobile home and site in accordance with the provisions of 24VAC30-41-430.2. Rental replacement housing payment. If the owner elects to rent, the rent supplement will be determined by subtracting 42 times the economic rent of the mobile home and site from the lesser of:a. The amount determined by the district office necessary to rent a comparable mobile home and site for a period of 42 months; orb. Forty-two times the monthly rent paid for the replacement mobile home and site.C. Acquisition of site only-owner-occupant retains mobile home. 1. Upon acquisition of the site but not the home situated upon the site and the mobile home is required to be moved, the replacement housing payment will be the amount, if any, which when added to the amount for which VDOT acquired the mobile home site equals the lesser of: a. The amount the owner is required to pay for a comparable site; orb. The amount determined by the district office as necessary to purchase a comparable mobile home site.2. If the owner elects to rent, the rent supplement shall be determined by subtracting 42 times the economic rent of the mobile home site from the lesser of:a. The amount determined as necessary to rent a comparable mobile home site for 42 months; orb. Forty-two times the monthly rent paid at the replacement mobile home site.D. Acquisition of mobile home only-owner-occupant rents site.1. The replacement housing payment is to be the amount, if any, which when added to the amount for which VDOT acquired the mobile home equals the lesser of: a. The actual amount the owner is required to pay for a replacement dwelling; orb. The amount determined as necessary to purchase a comparable mobile home, plus the difference in the amount determined by the district office as necessary to rent a comparable mobile home site for a period of 42 months and 42 times the rent being paid on the site acquired. The entire computed amount may be applied toward the purchase of a comparable mobile home site, if so desired.
2. If the owner elects to rent a replacement mobile home, the rent supplement payment shall be determined by subtracting 42 times the economic rent of the mobile home and the actual rent of the site from the lesser of:a. The amount determined by the district office as necessary to rent a comparable mobile home and site for 42 months; orb. Forty-two times the monthly rent paid for the replacement dwelling.E. Acquisition of rental site only-mobile home not acquired. When the site is acquired but not the mobile home, which must be moved, the owner-occupant of the mobile home is eligible for up to $7,200 as a rent supplement for a comparable replacement site. This rent supplement payment shall be the difference determined by subtracting 42 times the rent on the site being acquired from the lesser of: 1. The amount determined as necessary to rent a comparable home site for 42 months; or2. Forty-two times the monthly rent paid for the replacement site. The entire computed amount may be applied toward the down payment and incidental expenses on a comparable home site.
24 Va. Admin. Code § 30-41-630
Derived from Virginia Register Volume 18, Issue 3, eff. November 21, 2001; Amended, Virginia Register Volume 30, Issue 26, eff. 10/1/2014.Statutory Authority: § 25.1-402 of the Code of Virginia; 42 USC § 4601 et seq.; 49 CFR Part 24.