§ 11-966 Replacement housing for tenants

AZ Rev Stat § 11-966 (2019) (N/A)
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11-966. Replacement housing for tenants

A. In addition to amounts otherwise authorized by this article, a displacing agency shall make a payment to or for any person who is displaced from any dwelling and who is not eligible to receive a payment under section 11-964 if the dwelling was actually and lawfully occupied by the displaced person for at least ninety days immediately before the initiation of negotiations for acquisition of the dwelling, or if displacement is not a direct result of acquisition as the lead agency prescribes. This payment consists of the amount necessary to enable the person to lease or rent a comparable replacement dwelling for a period of not more than forty-two months 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.

B. A person who is eligible for a payment under subsection A of this section may elect to apply the payment to a down payment on, and other incidental expenses pursuant to, the purchase of a decent, safe and sanitary replacement dwelling. The person, at the discretion of the displacing agency, may be eligible under this subsection for the maximum payment allowed under subsection A of this section.