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Current as of March 08, 2022 | Updated by FindLaw Staff
A. In addition to amounts otherwise authorized by this article, a displacing agency shall pay to or for a person who is displaced from a dwelling and who is not eligible to receive a payment under § 28-7144 if the dwelling was actually and lawfully occupied by the displaced person for at least ninety days immediately before either:
1. The initiation of negotiations for acquisition of the dwelling.
2. In a case in which displacement is not a direct result of acquisition, another event as the department prescribes.
B. Payment under subsection A of this section consists of the amount necessary to enable the person to lease or rent for a period of not more than forty-two months a comparable replacement dwelling but not more than seven thousand two hundred dollars. At the discretion of the displacing agency, a payment under this subsection may be made in periodic installments. Computation of a payment under this subsection to a low income displaced person for a comparable replacement dwelling shall take into account the person's income.
C. A person who is eligible for a payment under subsection A of this section:
1. May elect to apply the payment to a down payment on and other incidental expenses relating to the purchase of a decent, safe and sanitary replacement dwelling.
2. At the discretion of the displacing agency, may be eligible under this subsection for the maximum payment allowed under subsection B of this section, except that the payment to a displaced homeowner who has owned and occupied the displacement dwelling for at least ninety days immediately before the initiation of negotiations for the acquisition of the dwelling shall not exceed the payment the person otherwise would have received under § 28-7144, subsection A if the person had owned and occupied the displacement dwelling ninety days immediately before the initiation of the negotiations.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 28. Transportation § 28-7146. Replacement housing for tenants - last updated March 08, 2022 | https://codes.findlaw.com/az/title-28-transportation/az-rev-st-sect-28-7146/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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