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504PPT.R4.2014.09.02.0.0

Welcome to the International Right of Way Association ’ s. Course 504 Computing Replacement Housing Payments. 504PPT.R4.2014.09.02.0.0. Introductions. Who we are… What we do… Where we do it… How long we ’ ve been doing it… Our goals for the course.

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504PPT.R4.2014.09.02.0.0

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  1. Welcome to the International Right of Way Association’s Course 504Computing Replacement Housing Payments 504PPT.R4.2014.09.02.0.0

  2. Introductions Who we are… What we do… Where we do it… How long we’ve 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 paymentsfor less than 90 day occupants • Compute replacement housing paymentsfor 90 day occupants • Compute replacement housing paymentsfor 90 day homeowner occupants

  5. Housekeeping

  6. Schedule Day 1 8:00 - 8:30 Introductions, Etc. 8:30 - 9:45 The Project 9:45 - 4:45 Rental Assistance Calculations 4:45 - 5:00 Recap Day One Day 2 8:00 - 8:15 Recap Day One / Introduce Day Two 8:15 - 2:00 Price Differential Calculations for Owner Occupants 2:15 - 3:45 Other Replacement Housing Payment Calculations 3:45 - 4:00 Summary and Review 4:00 - 5:00 Exam

  7. The Uniform Relocation Assistance and Real Property Acquisition Actof 1970 and the Surface Transportation and Uniform Relocation Assistance Policies Act of 1987. • 49 Code of Federal Regulations, Part 24, Uniform Relocation Assistance and Real Property Acquisition for Federal and Federally Assisted Programs.

  8. 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. Determine the Campbell’s base monthly rent.

  9. Samantha (Sam) Collins 1. Discuss the various factors that determine the income (e.g., each source and whether or not it should be included in the monthly total). 2. Calculate the income you will use to prepare the rental assistance payment calculation. 3. Review the following subject dwelling grid and the only three similar dwellings that are currently available for rent in the area. Choose which of the three rentals you will use as your primary comparable (the one used to calculate the benefits). Write a brief but thorough paragraph to the agency justifying why you chose that dwelling and not one of the other two.

  10. Frank Carpenter 1. Calculate the base monthly rent you will use to prepare the rental assistance payment.

  11. Mabel Chinsky, et al 1. How many households will be entitled to benefits from this dwelling? 2. How does the daughter’s transportation issue affect the relocation calculation? 3. Does Moses Hubble’s situation affect Mabel’s calculation? (24.403(a)(5)) How many bedrooms must the comparable have?

  12. Steven Hamilton andSharon Cook 1. How many bedrooms is the comparable required to have? 2. What income will you use when applying a financial means test? 3. What would happenif you knew in advance that Sharon and Amy intended to move to a different replacement than the others?

  13. Gavin and Amanda Martin • 1. What replacement housing benefits are • Gavin and Amanda eligible to receive? • 2. Compute the rental assistance payment, based on a comparable that rents for • $875/month plus utilities of $160/month.

  14. 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 15

  15. Day Two Today, we will... Compute replacement housing payments for 90 day homeowner occupants

  16. Adam and Ashley Anders • 1. What benefits should be calculated for the Anders? • If the offer has not been made, does the amount of • time required to calculate, review and receive • approval influence your answer? • How does Ashley’s partial • interest in the subject affect • the calculation?

  17. Adam and Ashley Anders 4. Must the comparable have three bedrooms? Why or why not? Does the use of the dark room as an income generator influence the comparable selection? 5. Under what logic might you select each of the listings? 6. The recommended price differential calculation should be based on Listing No. ___

  18. Adam and Ashley Anders 7. Calculate the price differential payment based on Listing No. 2. 8. Based on your calculation, what must the Anders spend to receive the maximum price differential payment? 9. What happens if nothing D. S. S.is available for the amount theAnders must spend?

  19. Derek and Elizabeth Rush 1. The replacement housing payment calculation should be based on Listing No. __ 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?

  20. Derek and Elizabeth Rush 4. Calculate the maximum price differential for the Rush family. 5. If this parcel went to eminent domain and they received $100,000 just compensation, how does this effect the maximum price differential payment?

  21. Veronica and Samuel Goldman 1. What would you look for in a comparable from which to calculate the Goldmans’ maximum price differential? 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 Calculate the price differential for the Goldmans.

  22. Veronica and Samuel Goldman 3. Would you present the Goldmans with a maximum price differential that consisted of a single relocation amount (based on a combination of the price differential and the modifications) or two amounts (one for the price differential and a second for the modifications) or the price differential plus paying for the actual cost of modifications to the replacement?

  23. 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?

  24. Jorge and Maria Gomez 1. The most appropriate is Listing No. __ 2. How should you proceed?

  25. 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 calculation differ if the agency offered to acquire the entire lot and the owner did not wish to sell? Explain why or why not?

  26. Derek and Elizabeth Rush • Mortgage Interest Differential • A. Required Information • B. Development of Revised Principle Balance Figure • C. Development of Increased Interest Figure • D. Amount of Total Mortgage Interest Differential • Payment

  27. Isaac and Ruth Spellman Compute the incidental expenses

  28. 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.

  29. 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 paymentsfor 90 day occupants • Compute replacement housing payments for 90 day homeowner occupants

  30. Thank you! 504PPT.R4.2014.09.02.0.0

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