Section 340. Fully eligible occupants

A. A fully eligible owner-occupant of 90 days or more may receive either a purchase supplement payment plus increased mortgage interest costs and incidental costs not to exceed $31,000 or a rent supplement subject to the conditions set forth in 24VAC30-41-510.

A fully eligible tenant-occupant of at least 90 days may receive either a down payment supplement including closing costs, not to exceed $7,200 and subject to the conditions set forth in 24VAC30-41-570, or a rent supplement, not to exceed $7,200.

B. The above limits of $31,000 and $7,200 do not apply if a displacee's circumstances with regard to available replacement housing require the use of last resort housing provisions. It is VDOT's obligation to enable the displacee to relocate to comparable replacement housing while retaining original status as either an owner or a tenant. This obligation overrides any monetary limit, which would otherwise apply. Refer to Part XI (24VAC30-41-650 et seq.) of this chapter for last resort housing provisions.

Historical Notes

Derived from Volume 18, Issue 03, eff. November 21, 2001; amended, Virginia Register Volume 30, Issue 26, eff. October 1, 2014.

Statutory Authority

§ 25.1-402 of the Code of Virginia; 42 USC § 4601 et seq.; 49 CFR Part 24.