23 CA ADC § 370.19
23 CCR s 370.19
Cal. Admin. Code tit. 23, s 370.19
CALIFORNIA CODE OF REGULATIONS
TITLE 23. WATERS
DIVISION 2. DEPARTMENT OF WATER RESOURCES
CHAPTER 1.6. RELOCATION ASSISTANCE PROGRAM
ARTICLE 2. RELOCATION PAYMENTS
This database is current through 05/26/06, Register 2006, No. 21.
s 370.19. Replacement Housing Payment to Owner-Occupant for Less Than 180
Days but Not Less Than 90 Days Who Purchases a Replacement Dwelling.
(a) General. A displaced owner-occupant otherwise eligible under Section
370.17 (a) except that he has owned and occupied the dwelling for less
than 180 days but not less than 90 days may receive an amount, not to
exceed $4,000.00, to enable him to make a downpayment on the purchase of a
replacement dwelling and reimbursement for actual expenses incident to
such purchase; or for additional costs to relocate his retained dwelling
in accordance with the following:
(b) Computation of Downpayment and Incidental Expenses.
(1) The amount of the downpayment shall be determined by the Department as
the amount required as a typical downpayment on a comparable dwelling if
such purchase was financed with a conventional loan, plus the amount
required to be paid by the purchaser as points and/or an origination or
loan services fee (not to exceed one percent of the probable replacement
cost of the acquired dwelling as determined by the Department or one
percent of the loan on the replacement dwelling whichever is less), if
such fees are normal to real estate transactions in the area.
(2) The expenses incident to the purchase of replacement housing as
provided in Section 370.17 (d);
(3) Upon purchase and occupancy of a decent, safe and sanitary dwelling by
the relocatee within the time limits specified by Section 370.16 (b) the
relocatee may be reimbursed:
(A) The amount of the downpayment determined in subsection (b) (1) of this
Section and the eligible incidental expenses if the total amount of both
does not exceed $2,000.00, or if more than $2,000.00;
(B) $2,000.00, plus 50 percent of the amount in excess of $2,000.00
providing the relocatee contributes 50 percent of the amount in excess of
$2,000.00. In no event may the combined payments exceed $4,000.00.
(4) The full amount of the downpayment must be applied to the purchase
price and eligible incidental costs, such downpayment and incidental costs
claimed must be shown in the closing statement.
(c) Owner Retention of Dwelling. The owner may retain his dwelling and the
replacement housing payment, if any, will be determined in accordance with
the provisions of Section 370.17 (e) (1) and (2) but in no event will such
payment exceed $4,000.00.
Note: Authority cited: Section 7267.8, Government Code. Reference: Section
7268, Government Code.
23 CA ADC s 370.19
END OF DOCUMENT
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