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ARE YOU SMARTER THAN THE IRAC? Are You Smarter Than The IRAC 1,000,000 5th Grade Benefits 5th Grade Fed Guidance 4th Grade History 4th Grade Regulations.

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Presentation on theme: "ARE YOU SMARTER THAN THE IRAC? Are You Smarter Than The IRAC 1,000,000 5th Grade Benefits 5th Grade Fed Guidance 4th Grade History 4th Grade Regulations."— Presentation transcript:

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2 ARE YOU SMARTER THAN THE IRAC?

3 Are You Smarter Than The IRAC 1,000,000 5th Grade Benefits 5th Grade Fed Guidance 4th Grade History 4th Grade Regulations 3rd Grade Definitions 3rd Grade Notices 2nd Grade Math 2nd Grade Legislation 1st Grade Regulations 1st Grade Acronyms 500, , , ,000 50,000 25,000 10,000 5,000 2,000 1,000

4 5th Grade Benefits If the Agency determines that a person occupying property adjacent to the real property acquired for the project is caused substantial injury because of such acquisition, it may offer these to such person.

5 5th Grade Benefits Answer Advisory Services.

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7 5th Grade Federal Guidance This Federal Agency annually issues their Public Housing and Section 8 Annual Program Income Limits documents, which is what agents use to test the “financial means” of a 90 day occupant when computing their base for Rental Assistance Payment.

8 5th Grade Federal Guidance Answer The US Department of Housing and Urban Development (HUD)

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10 4th Grade History The first comprehensive revision to the Uniform Act regulation since its initial publication in 1989 was published in the federal register as the final rule to 49 CFR Part 24 on January 4 th of this year.

11 4th Grade History Answer 2005

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13 4th Grade Regulations Under (d), Time for filing, all claims for a relocation payment, made by a tenant shall be filed with the Agency no later than 18 months after this date.

14 4th Grade Regulations Answer The date of displacement

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16 3rd Grade Definitions When determining an RHP for a residential owner occupant who lives in part of a multi-use property, this is what the agent must first do to separate the amount the displacee is being paid for the dwelling portion of the property from the total amount the displacee is being paid for the property.

17 3rd Grade Definitions Answer A carve–out

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19 3rd Grade Notices This is how all required notices SHALL be provided to a property owner or occupant under Section 24.5.

20 3rd Grade Notices Answer Personally served or sent by certified or registered first class mail, return receipt requested.

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22 2nd Grade Mathematics The minimum number of days a homeowner /occupant must have owned and occupied the property before the initiation of negotiations in order to be eligible for the price differential payment.

23 2nd Grade Mathematics Answer 180 days

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25 2nd Grade Legislation This Amendment to the U.S. Constitution states that private property shall not be taken for public use without just compensation.

26 2nd Grade Legislation Answer The Fifth Amendment

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28 1st Grade Regulations The regulatory citations for the Uniform Act are found where?

29 1st Grade Regulations Answer 49 CFR Part 24

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31 1st Grade Acronyms What does RAP stand for?

32 1st Grade Acronym Answer Rental Assistance Payment

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34 Graduation Question Computations This amount is the highest monthly supplement for rent and utilities that a 90 day occupant can receive and still have a total tenant payment which does not exceed the maximum RHP under 49 CFR

35 Graduation Answer $125 per month ($125 X 42 = $5, or $5, / 42 = $125) $125 per month ($125 X 42 = $5, or $5, / 42 = $125)

36 Thanks for Playing YOU ARE SMARTER THAN THE IRAC!!!!


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