§ 24-56-105 — Replacement housing for tenants and certain others

Colorado § 24-56-105

• Jurisdiction: Colorado
• Title 24: Government
• Art.: Relocation Assistance and Land Acquisition Policies

Text

(1) In
addition to amounts otherwise authorized by this article, a displacing agency shall
make a payment to or for any displaced person displaced from any dwelling who is
not eligible to receive a payment under section 24-56-104, which dwelling was
actually and lawfully occupied by such displaced person for not less than ninety
days prior to the initiation of negotiations for acquisition of such dwelling, or, in any
case in which displacement is not a direct result of acquisition, such other event as
the department of transportation may, within the purpose of this article, prescribe.
Payment authorized by this section shall be made only to such a displaced person
who leases and occupies a decent, safe, and sanitary replacement dwelling within
one year after the date that such displaced person vacates the acquired dwelling.
The payment shall consist of the amount necessary to enable the person to lease or
rent, for a period of no longer than forty-two months, a comparable replacement
dwelling, but no more than five thousand two hundred fifty dollars. At the discretion
of the displacing agency, a payment under this subsection (1) may be made in
periodic installments. Computation of a payment under this subsection (1) to or for a
low-income displaced person for a comparable replacement dwelling shall take into
account the person's income.

(2) Any person eligible for a payment under subsection (1) of this section may
elect to apply such payment to a down payment on, and other incidental expenses
for, the purchase of a decent, safe, and sanitary replacement dwelling. Any such
person may, at the discretion of the displacing agency, be eligible under this
subsection (2) for the maximum amount allowed under subsection (1) of this section;
except that, in the case of a displaced homeowner who has owned and occupied the
displacement dwelling for at least ninety days but not more than one hundred
eighty days immediately prior to the initiation of negotiations for the acquisition of
such dwelling, such payment shall not be greater than the payment such person
would otherwise have received under section 24-56-104 (1) had the person owned
and occupied the displacement dwelling one hundred eighty days immediately prior
to the initiation of such negotiations.

Legislative History

Source: L. 71: p. 675, � 1. C.R.S. 1963: � 69-10-5. L. 89: Entire section R&RE, p. 1080, � 7, effective March 31. L. 91: (1) amended, p. 1065, � 30, effective July 1.