Wis. Admin. Code Department of Administration Adm 92.74 - 90-day owner or tenant who purchases

(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.

(2) COMPUTATION OF DOWN PAYMENT AND INCIDENTAL COST.

(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.

(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). (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.

(3) LIMITATION.

(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.

(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.

(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.

(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.

(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).

Notes

Wis. Admin. Code Department of Administration Adm 92.74

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.