Adm 92.70(3)(b)
(b) The cost of physical changes or improvements necessary to meet comparable standards in the selected comparable or the actual replacement shall be included in the maximum replacement payment.
Adm 92.70(3)(c)
(c) An agency shall select comparable dwellings from the neighborhood of a displaced person provided the area is not designated for governmental acquisition and displacement, or subject to adverse environmental conditions.
Adm 92.70(3)(d)
(d) An agency shall select comparable dwellings from adjacent or nearby neighborhoods in ascending order of cost when there are no comparable dwellings in the neighborhood of a displaced person.
Adm 92.70(3)(e)
(e) An agency, to promote racially integrated housing, may select comparable dwellings from an adjacent or nearby neighborhood having less concentrated racial composition, when desired by a displaced minority person.
Adm 92.70(3)(f)
(f) The selected comparable shall be equal to or better than the acquired property and a payment shall be based on new construction when there is no comparable dwelling available.
Adm 92.70(4)
(4) Revision to selected comparable amount. An agency, upon request of a displaced person, shall offer a comparable dwelling within the maximum differential amount determined. Another comparable study shall be made to determine a new replacement payment when there is no comparable dwelling available except the new replacement payment may not be less than the original payment.
Adm 92.70(5)(a)
(a)
General. An agency shall pay a displaced person for the increased interest expense and other debt service costs incurred in financing the purchase of a comparable replacement dwelling, if:
Adm 92.70(5)(a)1.
1. The acquired dwelling was encumbered by a bona fide mortgage or land contract;
Adm 92.70(5)(a)2.
2. The mortgage or land contract was executed in good faith not less than 180 days before initiation of negotiations to purchase the property;
Adm 92.70(5)(a)3.
3. All bona fide mortgages or land contracts that were valid liens on the displacement dwelling for at least 180 days before initiation of negotiations on the acquired dwelling shall be used to compute the increased interest payment.
Adm 92.70(5)(b)
(b)
Payment computation. The increased interest payment shall be computed as follows:
Adm 92.70(5)(b)1.
1. The interest payment shall be an amount which will reduce the mortgage balance on the replacement dwelling to an amount which could be amortized with the same monthly payment for principal and interest as that for the mortgage or mortgages on the displacement dwelling, except that the payment for a person obtaining a mortgage that is less than the mortgage balance computed in the buydown determination, shall be prorated and reduced accordingly. In the case of a home equity loan, the unpaid balance shall be that balance which existed 180 days before the initiation of negotiations or the balance on the date of acquisition, whichever is less.
Adm 92.70(5)(b)2.
2. The amount paid by a person as points, loan origination or assumption fees, but not seller's points, shall be based on the amount refinanced, not exceeding the amount which would have been paid had the original mortgage been refinanced, and shall be added to the amount as specified under subd.
1. The origination or assumption fee shall be limited to the fee normal for real estate transactions in the area.
Adm 92.70(5)(c)
(c)
Interest rate on replacement dwelling mortgage. The interest rate on the mortgage for a replacement dwelling used in the computation may not exceed the rate typically charged by mortgage lenders in the area.
Adm 92.70(5)(d)
(d)
Mortgage term. The payment shall be based on the remaining term of the mortgage or mortgages on the displacement dwelling regardless of the term on the new mortgage.
Adm 92.70(5)(e)1.1. Larger than typical size lot. The interest payment shall be reduced to the percentage ratio that the value of the typical residential portion is to the value of the entire property before acquisition, when a dwelling is located on a lot larger than typical for the area.
Adm 92.70(5)(e)2.
2. Multi-use property. The interest payment on multi-use property shall be reduced to the percentage ratio that the residential value of the multi-use property is to the value of the entire property before acquisition.
Adm 92.70(5)(e)3.
3. Dwelling on land with higher and better use. An agency shall compute an interest payment as specified under par.
(b) when a dwelling is located on land where the fair market value is established on a higher and better than residential use, and when the mortgage is based on residential value. The interest payment shall be reduced to the percentage ratio that the estimated residential value of the land is to the value of the entire property before acquisition, when the mortgage is based on the higher use.
Adm 92.70(5)(f)
(f)
Prompt payment. An agency shall advise a displaced person of the approximate amount of a refinancing payment as soon as the facts relative to a person's current mortgages are known. If requested by the displaced person, the refinancing payment shall be made available at or near the time of closing on the replacement to permit reduction of the new mortgage amount.
Adm 92.70(6)
(6) Incidental expense payment. An agency shall pay a person for actual and reasonable expense incurred incidental to the purchase of a replacement dwelling. The payment shall include the following:
Adm 92.70(6)(a)
(a) Legal, closing and related cost including title search, preparing conveyance contracts, notary fees, surveys, preparing drawings or plats and recording fees;
Adm 92.70(6)(b)
(b) Lender, appraisal or application fees, and loan origination or assumption fees that do not represent prepaid interest;
Adm 92.70(6)(e)
(e) Owner or mortgagee title insurance policy or abstract of title;
Adm 92.70 Note
Note: The payment may not include a prepaid expense (e.g. taxes, water, fuel) or fee, cost, charge or expense which is part of a debt service or finance charge under
15 USC 1631-1641 and Regulation Z issued pursuant thereto by the board of governors of the federal reserve system.
Adm 92.70(7)
(7) Owner-occupant retains dwelling. An owner-occupant may purchase the property back from an agency and move it to another location following receipt of payment for the acquired property, and when not inconsistent with project development. The replacement payment shall be determined as follows:
Adm 92.70(7)(a)
(a)
Amount payable. The payment shall be the amount, if any, between the acquisition price and the cost to relocate the dwelling. The cost to relocate shall include the purchase-back price, the cost to acquire and develop a new site, or when moved to retained land, the market value of the residential lot, installing utility service, constructing a foundation, moving the dwelling, restoring it to comparable standards and other moving costs.
Adm 92.70(7)(b)
(b)
Limitation. The differential payment under this subsection may not exceed the amount necessary to purchase a comparable replacement dwelling as specified under sub.
(3), plus any increased interest or incidental expense payment due under subs.
(5) and
(6).
Adm 92.70(8)
(8) Replacement payment conversion. An agency shall pay a person as specified under this section. A replacement payment for a prior move to a rental unit shall be deducted from the amount payable under this section. The combined payment may not exceed $25,000, unless a person is eligible for a payment in excess of $25,000 under s.
Adm 92.68 (9).
Adm 92.70 History
History: Cr.
Register, March, 1986, No. 363, eff. 4-1-86; am. (1) (b) (intro.), (5) (a) and (b) and (6) (b), r. and recr. (5) (d), cr. (5) (f),
Register, November, 1989, No. 407, eff. 12-1-89; correction in (8) made under s. 13.93 (2m) (b) 7., Stats.,
Register, April, 1996, No. 484; correction in (8) made under s. 13.92 (4) (b) 7., Stats.,
Register December 2011 No. 672.
Adm 92.72(1)(1)
General. An agency shall pay a person who rents a replacement dwelling, and is eligible for a replacement payment as specified under s.
Adm 92.68 (1), a rental assistance payment not to exceed $8,000 for 4 years.
Adm 92.72(2)
(2) Computation of payment. The payment shall be computed as specified under s.
Adm 92.78, except the economic rent of the acquired dwelling shall be used to compute the payment.
Adm 92.72 History
History: Cr.
Register, March, 1986, No. 363, eff. 4-1-86; am. (2),
Register, November, 1989, No. 407, eff. 12-1-89; corrections made under s. 13.93 (2m) (b) 7., Stats.,
Register, April, 1996, No. 484; correction in (1), (2) made under s. 13.92 (4) (b) 7., Stats.,
Register December 2011 No. 672.
Adm 92.74
Adm 92.74
90-day owner or tenant who purchases. Adm 92.74(1)(1)
General. An agency shall pay a person who has occupied a dwelling for not less than 90 days before initiation of negotiations, an amount up to $8,000 for a downpayment on the purchase of a replacement dwelling and reimbursement for expenses incidental to purchase.
Adm 92.74(2)
(2) Computation of down payment and incidental cost. Adm 92.74(2)(a)(a) An agency shall pay a person a downpayment assistance payment equal to a rental assistance payment computed as specified under s.
Adm 92.78.
Adm 92.74(2)(b)
(b) An amount required to be paid by a person for incidental cost as specified under s.
Adm 92.70 (6), shall be added to the amount as specified under par.
(a).
Adm 92.74(2)(c)
(c) An agency shall pay a person who purchases and occupies a decent, safe and sanitary dwelling within one year after the date the person moves from the dwelling or the date the person receives payment for the acquired property, whichever is later. The agency may extend this period for good cause.
Adm 92.74(3)(a)
(a) An agency may require that the full amount of the downpayment assistance payment be applied to the purchase price of the replacement dwelling or related incidental expenses, except that an agency may pay the downpayment assistance directly to a displaced person upon reasonable assurance that the displaced person will apply the payment toward replacement housing costs.
Adm 92.74(3)(b)
(b) A downpayment assistance payment to a 90-day owner may not exceed the amount the owner would have received if eligible under the 180-day occupancy provisions.
Adm 92.74(3)(c)
(c) An owner eligible for a payment as a 180-day owner under s.
Adm 92.70 is ineligible for a downpayment assistance payment under this section.
Adm 92.74(4)
(4) Owner retains dwelling. An agency shall pay a person who retains and moves an acquired dwelling, a replacement payment as specified under s.
Adm 92.70 (7), except the amount may not exceed $8,000.
Adm 92.74(5)
(5) Replacement payment conversion. An agency shall pay a person as specified under this section. A replacement payment for a prior move to a rental unit shall be deducted from the amount payable under this section. The combined payment may not exceed $8,000, unless a person is eligible for a payment in excess of $8,000 under s.
Adm 92.68 (9).
Adm 92.74 History
History: Cr.
Register, March, 1986, No. 363, eff. 4-1-86; am. (1), (2) (a) and (3), r. (2) (b), renum. (2) (c) and (d) to be (2) (b) and (c) and am.,
Register, November, 1989, No. 407, eff. 12-1-89;
corrections made under s. 13.93 (2m) (b) 7., Stats.,
Register, April, 1996, No. 484; correction in (2) (a), (b), (3) (c), (4), (5) made under s. 13.92 (4) (b) 7., Stats.,
Register December 2011 No. 672.
Adm 92.76(1)(1)
General. An agency shall pay a person who has occupied a dwelling for not less than 90 days before initiation of negotiations, a rental assistance payment not to exceed $8,000 for 4 years.
Adm 92.76(2)
(2) Computation of payment. The payment shall be computed as specified under s.
Adm 92.78, except the economic rent of the acquired dwelling shall be used to compute the payment.
Adm 92.76 History
History: Cr.
Register, March, 1986, No. 363, eff. 4-1-86; corrections in (2) made under s. 13.93 (2m) (b) 7., Stats.,
Register, April, 1996, No. 484; correction in (2) made under s. 13.92 (4) (b) 7., Stats.,
Register December 2011 No. 672.
Adm 92.78
Adm 92.78
90-day tenant who rents. An agency shall pay a person who has occupied a displacement dwelling for not less than 90 days before initiation of negotiations, for the increased cost to rent a comparable dwelling as specified under this section. A rental assistance payment shall not exceed $8,000 unless a person is eligible for a greater payment under s.
Adm 92.68 (9).
Adm 92.78(1)
(1) Eligibility requirement. A person shall be eligible for a payment when the person:
Adm 92.78(1)(a)
(a) Occupies a dwelling for not less than 90 days immediately before the date of initiation of negotiations for a property which is subsequently acquired or affected by displacement and;
Adm 92.78(1)(b)
(b) Rents and occupies a decent, safe and sanitary replacement dwelling within one year of the date of vacation. The agency may extend this period for good cause.
Adm 92.78(2)
(2) Rent differential payment. An agency shall pay a person who rents a replacement dwelling, a payment equal to the difference for 48 months, if any, between the monthly rent for the displacement unit and the lesser of the monthly rent for a comparable dwelling or the actual replacement rent.
Adm 92.78(3)
(3) Preferred replacement housing tenure. The agency shall assist a person relocate to original tenancy status or, at a person's option, purchase a replacement using the downpayment assistance provisions under s.
Adm 92.80.
Adm 92.78(4)
(4) Payment computation. To compute a payment, an agency shall determine the base monthly rent, the rent of a comparable dwelling and the rent paid for the replacement as follows:
Adm 92.78(4)(a)1.
1. The average monthly rent and utilities paid by the tenant-occupant, including a rent supplement provided by another person except when the supplement will be discontinued after relocation, for a 3 month period before initiation of negotiations, or a more representative period; or
Adm 92.78(4)(a)2.
2. The economic rent when the actual rent is insignificant in relation to market rents for similar dwellings in the area.
Adm 92.78(4)(a)3.
3. The agency may establish the base monthly rent by using a person's financial means as specified under s.
Adm 92.01 (20) in lieu of the rent specified in subd.
1. or
2. If the person refuses to provide appropriate evidence of income or is a dependent, the base monthly rent shall be established as specified in subd.
1. or
2. A full time student or resident of an institution may be assumed to be a dependent, unless the person demonstrates otherwise.
Adm 92.78(4)(b)
(b)
Determine rent of a comparable dwelling. The agency shall determine the rent of a comparable dwelling using the selection procedures specified under s.
Adm 92.70 (3) and
(4).
Adm 92.78(5)
(5) Comparability of rent factors. Rental cost factors such as utilities, furnishings, parking and others, shall be the same for the acquired dwelling and the comparable or replacement dwelling. However, rental factors in the comparable property which must be paid by the displaced person shall be included in the payment regardless of whether or not they existed in the acquired dwelling.
Adm 92.78(6)
(6) Change of occupancy. A person who, after moving to a decent, safe and sanitary dwelling, moves to a higher rent dwelling within one year, may be eligible for an amount in excess of the original claim but not to exceed the amount necessary to rent a comparable replacement dwelling.
Adm 92.78 History
History: Cr.
Register, March, 1986, No. 363, eff. 4-1-86; am. (intro.) (1) (a) and (b), (2) and (4) (intro.), cr. (4) (a) 3.,
Register, November, 1989, No. 407, eff. 12-1-89;
corrections made under s. 13.93 (2m) (b) 7., Stats.,
Register, April, 1996, No. 484; correction in (intro.), (3), (4) (a) 3., (b) made under s. 13.92 (4) (b) 7., Stats.,
Register December 2011 No. 672.
Adm 92.80
Adm 92.80
90-day tenant who purchases. Adm 92.80(1)(1)
General. An agency shall pay a tenant occupant of a dwelling who purchases a replacement and who is eligible under s.
Adm 92.78 (1) (a), a payment not to exceed $8,000 for a downpayment on the purchase of a comparable replacement dwelling plus incidental expenses under s.
Adm 92.70 (6).
Adm 92.80 History
History: Cr.
Register, March, 1986, No. 363, eff. 4-1-86; am. (1),
Register, November, 1989, No. 407, eff. 12-1-89; corrections made under s. 13.93 (2m) (b) 7., Stats.,
Register, April, 1996, No. 484; correction in (1), (2) made under s. 13.92 (4) (b) 7., Stats.,
Register December 2011 No. 672.
Adm 92.82
Adm 92.82
Mobile home — general. A person who is a tenant or an owner of a mobile home shall meet the same eligibility requirements and is entitled to the same replacement payment provisions applicable for a person displaced from a conventional dwelling, except as specified under this section. The ownership or tenancy of the mobile home, not the land on which it is located shall determine a person's status as an owner or tenant occupant. The length of ownership and occupancy of the mobile home in a mobile home park, or on the site, determines a person's status as an 180-day owner or a 90-day owner or tenant.
Adm 92.82(1)
(1) Permanent foundation. An agency shall treat a person who owns and occupies a mobile home on a permanent foundation the same as a person displaced from a conventional dwelling, except the selected comparable shall be a mobile home and site.
Adm 92.82(2)(a)
(a) An agency shall treat a person who owns and occupies a mobile home not on a permanent foundation on land a person owns or rents, the same as a person displaced from a conventional dwelling, provided one of the following conditions exist:
Adm 92.82(2)(a)2.
2. The mobile home, because of its condition, cannot be moved without substantial damage or cost;
Adm 92.82(2)(b)
(b) The acquisition price for the purpose of computing a replacement housing payment shall be the trade-in or salvage value of the mobile home, when the mobile home is not acquired by the agency.
Adm 92.82(3)
(3) Combined purchase and site rental payment. An agency shall pay a person who owns and occupies a mobile home and rents the site, a payment for the increased cost to rent a comparable mobile home site or the necessary downpayment on the purchase of a comparable mobile home site, in addition to the amount necessary to purchase a comparable mobile home as specified under this chapter.
Adm 92.82(4)
(4) Mobile home park fee. An agency shall include a fee in the replacement or rental assistance payment, when a person is required to pay a fee to enter a mobile home park provided the fee is legally permitted and is not returnable to a person.
Adm 92.82(5)
(5) Partial acquisition of mobile home park. A person occupying a mobile home who is required to move from the mobile home park as a result of partial acquisition and displacement of the park operator, shall be a displaced person under this section.
Adm 92.82(6)
(6) Comparable based on conventional housing. A replacement payment shall be based on a conventionally built comparable dwelling when there is no comparable mobile home available.
Adm 92.82 History
History: Cr.
Register, March, 1986, No. 363, eff. 4-1-86; correction in (2) (a) 1., made under s. 13.93 (2m) (b) 7., Stats.,
Register, April, 1996, No. 484; correction in (2) (a) 1. made under s. 13.92 (4) (b) 7., Stats.,
Register December 2011 No. 672.
Adm 92.84
Adm 92.84
180-day mobile home owner.
