State Codes and Statutes

Statutes > Arizona > Title11 > 11-966

11-966. Replacement housing for tenants

A. In addition to amounts otherwise authorized by this article, a displacing agency may make a payment to or for any person who is displaced from any dwelling and who is not eligible to receive a payment under section 11-964 if the dwelling was actually and lawfully occupied by the displaced person for not fewer than ninety days immediately before the initiation of negotiations for acquisition of the dwelling, or if displacement is not a direct result of acquisition ninety days immediately before such other event as the lead agency prescribes. This payment shall be an amount necessary to enable the person to lease or rent a comparable replacement dwelling, for a period of not more than forty-two months, but shall not exceed five thousand two hundred fifty dollars, as determined by the acquiring agency. At the discretion of the displacing agency, a payment under this subsection may be made in periodic installments. Computation of a payment under this subsection to a low income displaced person for a comparable replacement dwelling shall take into account the person's income.

B. A person who is eligible for a payment under subsection A of this section may elect to apply the payment to a down payment on, and other incidental expenses pursuant to, the purchase of a comparable replacement dwelling. The person, at the discretion of the displacing agency, may be eligible under this subsection for the maximum payment allowed under subsection A of this section, except that, in the case of a displaced homeowner who has owned and occupied the displacement dwelling for at least ninety days but not more than one hundred eighty days immediately before the initiation of negotiations for the acquisition of the dwelling, the payment shall not exceed the payment the person otherwise would have received under section 11-964, subsection A if the person had owned and occupied the displacement dwelling one hundred eighty days immediately before the initiation of the negotiations.

State Codes and Statutes

Statutes > Arizona > Title11 > 11-966

11-966. Replacement housing for tenants

A. In addition to amounts otherwise authorized by this article, a displacing agency may make a payment to or for any person who is displaced from any dwelling and who is not eligible to receive a payment under section 11-964 if the dwelling was actually and lawfully occupied by the displaced person for not fewer than ninety days immediately before the initiation of negotiations for acquisition of the dwelling, or if displacement is not a direct result of acquisition ninety days immediately before such other event as the lead agency prescribes. This payment shall be an amount necessary to enable the person to lease or rent a comparable replacement dwelling, for a period of not more than forty-two months, but shall not exceed five thousand two hundred fifty dollars, as determined by the acquiring agency. At the discretion of the displacing agency, a payment under this subsection may be made in periodic installments. Computation of a payment under this subsection to a low income displaced person for a comparable replacement dwelling shall take into account the person's income.

B. A person who is eligible for a payment under subsection A of this section may elect to apply the payment to a down payment on, and other incidental expenses pursuant to, the purchase of a comparable replacement dwelling. The person, at the discretion of the displacing agency, may be eligible under this subsection for the maximum payment allowed under subsection A of this section, except that, in the case of a displaced homeowner who has owned and occupied the displacement dwelling for at least ninety days but not more than one hundred eighty days immediately before the initiation of negotiations for the acquisition of the dwelling, the payment shall not exceed the payment the person otherwise would have received under section 11-964, subsection A if the person had owned and occupied the displacement dwelling one hundred eighty days immediately before the initiation of the negotiations.


State Codes and Statutes

State Codes and Statutes

Statutes > Arizona > Title11 > 11-966

11-966. Replacement housing for tenants

A. In addition to amounts otherwise authorized by this article, a displacing agency may make a payment to or for any person who is displaced from any dwelling and who is not eligible to receive a payment under section 11-964 if the dwelling was actually and lawfully occupied by the displaced person for not fewer than ninety days immediately before the initiation of negotiations for acquisition of the dwelling, or if displacement is not a direct result of acquisition ninety days immediately before such other event as the lead agency prescribes. This payment shall be an amount necessary to enable the person to lease or rent a comparable replacement dwelling, for a period of not more than forty-two months, but shall not exceed five thousand two hundred fifty dollars, as determined by the acquiring agency. At the discretion of the displacing agency, a payment under this subsection may be made in periodic installments. Computation of a payment under this subsection to a low income displaced person for a comparable replacement dwelling shall take into account the person's income.

B. A person who is eligible for a payment under subsection A of this section may elect to apply the payment to a down payment on, and other incidental expenses pursuant to, the purchase of a comparable replacement dwelling. The person, at the discretion of the displacing agency, may be eligible under this subsection for the maximum payment allowed under subsection A of this section, except that, in the case of a displaced homeowner who has owned and occupied the displacement dwelling for at least ninety days but not more than one hundred eighty days immediately before the initiation of negotiations for the acquisition of the dwelling, the payment shall not exceed the payment the person otherwise would have received under section 11-964, subsection A if the person had owned and occupied the displacement dwelling one hundred eighty days immediately before the initiation of the negotiations.