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Welcome to the International Right of Way Associations Course 504 Computing Replacement Housing Payments 504-PT – Revision 2 – 10.03.06.USA.

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Presentation on theme: "Welcome to the International Right of Way Associations Course 504 Computing Replacement Housing Payments 504-PT – Revision 2 – 10.03.06.USA."— Presentation transcript:

1 Welcome to the International Right of Way Associations Course 504 Computing Replacement Housing Payments 504-PT – Revision 2 – USA

2 Introductions Who we are… What we do… Where we do it… How long weve been doing it… Our goals for the course...

3 Objectives (1) At the conclusion of the two days, you will be able to... Understand better the processes involved in computing various replacement housing payments using realistic, complex situations Build on current knowledge and implement better the Uniform Act provisions; specifically:

4 Objectives (2) recognize the importance of collecting the pertinent information at the interview stage compute replacement housing payments for less than 90 day occupants compute replacement housing payments for 90 day occupants compute replacement housing payments for 180 day homeowner occupants

5 Housekeeping

6 Schedule 8:00 - 8:30Introductions, Etc. 8:30 - 9:45The Project 9:45 - 4:45Rental Assistance Calculations 8:00 - 8:15Recap and Introduction 8:15 - 2:00Replacement Housing Payments 2:15 - 3:45Other Payments 3:45 - 4:00Summary and Review 4:00 - 5:00Exam

7 The Uniform Relocation Assistance and Real Property Acquisition Act of 1970 and the Surface Transportation and Uniform Relocation Assistance Policies Act of Code of Federal Regulations, Part 24, Uniform Relocation Assistance and Real Property Acquisition for Federal and Federally Assisted Programs.

8

9 Gregg and Betty Campbell 1. Does the comparable have to contain at least four bedrooms? 2. Does the comparable have to be in the Hutchinson School District? 3. Compute the rental assistance payment.

10 Samantha (Sam) Collins 1. Calculate the income you will use to prepare the rental assistance payment. 2. Discuss the various factors that determine the income (e.g., sources and whether or not they should be included in the monthly total). 3. Which of the three rentals you will use as your primary comparable.

11 Frank Carpenter 1. Calculate the base monthly rent you will use to prepare the rental assistance payment. 2. Did you use fair market rent or actual rent? Did Franks in kind services influence your answer?

12 Mabel Chinsky, et al 1. How many households will be entitled to benefits? 2. Who should determine the number of calculations required? 3. How does the daughters transportation issue affect the calculation? 4. Does Moses situation affect Mabels calculation?

13 Steven Hamilton and Sharon Cook 1.How many bedrooms must the comparable have? 2.What income will you use when testing for financial means? 3.What would happen if you knew that Sharon and Amy intended to move to a different replacement than the others?

14 Gavin and Amanda Martin 1. What benefits are Gavin and Amanda entitled to receive? 2. Compute the rental assistance payment, based on a comparable that rents for $675 plus utilities of $160.

15 Day One Recap We... looked at the importance of collecting the pertinent information at the interview stage spent most of the day working on a case study and computing replacement housing payments for less than 90 day occupants and for 90 day occupants

16 Day Two Today, we will... Compute replacement housing payments for 180 day homeowner occupants

17 Adam and Ashley Anders 1. What benefits should be calculated for the Anders? 2. Does the amount of time required to calculate, review and receive approval influence your answer? 3. Assume the owners will be 180 day homeowner occupants by the initiation of negotiations, which is the most appropriate listing for use in calculating the price differential payment?

18 Adam and Ashley Anders 4. How does Ashleys partial interest in the subject affect the calculation? 5. Must the listing have three bedrooms? Why? Why not? 6. Does the use of the dark room as an income generator influence the comparable selection? 7. Under what logic might you select each of the listings?

19 Adam and Ashley Anders 8. Calculate the price differential payment based on Listing No Based on your calculation, what must the Anders spend to get the maximum price differential payment? 10. What happens if nothing D. S. S. is available for the amount the Anders must spend?

20 Derek and Elizabeth Rush 1. Which is the best comparable? 2. What factors did you consider most important when making your selection? 3. How many bedrooms must the selected comparable have to calculate the price differential payment?

21 Derek and Elizabeth Rush 4. Three bedroom houses in the area are selling for 6% less than listing prices. Four bedroom houses are selling for 4% less than listing prices. Is this information relevant to the calculation? If so, how? 5. What is the maximum price differential payment for the Rush family.

22 Veronica and Samuel Goldman 1. What would you look for in a comparable? 2. The relocation agent could not find a handicap accessible home. The agent received the following contractor estimates: Acme Remodeling $5,800 Able Home Repair $6,500 Fix It Quick $7,500

23 Veronica and Samuel Goldman 3. What is the price differential for the Goldmans? 4. How would you handle the contractors estimates? 5. What is the maximum payment?

24 Isaac and Ruth Spellman 1. Discuss the concept of major exterior attributes. When should an item be carved out? What are reasonable trade offs? 2. Is the kitchen in the garage or the alarm system an exterior attribute? If not, can they be carved out if they are not contained in any of the available listings?

25 Jorge and Maria Gomez 1. Which is the most appropriate listing? 2. How should you proceed?

26 Jeff and Pamela Gordon 1. Determine the fair market value you would use to calculate the price differential payment if the agency did not offer to acquire the entire property. 2. Would the fair market value used in the price differential payment calculation differ if the agency offered to acquire the entire lot and the owner did not wish to sell? Why?

27 Objectives (1) Now, you are able to... Understand better the processes involved in computing various replacement housing payments using realistic, complex situations Build on current knowledge and implement better the Uniform Act provisions; specifically:

28 Objectives (2) recognize the importance of collecting the pertinent information at the interview stage compute replacement housing payments for less than 90 day occupants compute replacement housing payments for 90 day occupants compute replacement housing payments for 180 day homeowner occupants

29 Thank you! 504-PT – Revision 2 – USA


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