Haw. Code R. § 15-24-31 - Replacement housing payment to owner-occupants who rent

Current through February, 2022

(a) A displaced owner-occupant of a one-, two- or three-family dwelling acquired by any governmental agency who elects to rent shall be eligible for a replacement housing payment; provided that the dwelling was actually and lawfully occupied by the owner-occupant for not less than one year prior to the first written offer for acquisition of the property; and provided further that the owner-occupant has rented a comparable dwelling not later than one year subsequent to the date on which the owner-occupant was required to move.
(b) The payment shall be equal to the difference, if any, between the cost of renting a comparable dwelling for the next two years and twelve per cent of the acquisition price of the property taken, not to exceed $1,500.

Notes

Haw. Code R. § 15-24-31
[Eff 2/11/91] (Auth: HRS §§ 206E-4, 206E-10.5) (Imp: HRS §§ 206E-4, 206E-10.5)
§ 15-24-31 is based substantially upon § 15-18-10. [Eff 9/22/84; R 2/11/91]

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