Section 15-24-32 - Replacement housing payment to owner-occupants for less than one year but not less than ninety days who purchase(a) A displaced owner-occupant of a one-, two-, or three-family dwelling acquired by any governmental agency, who does not qualify for a replacement housing payment under § 15-24-30 shall be eligible for a replacement housing payment; provided that the dwelling was actually and lawfully occupied by the owner-occupant for less than one year but not less than ninety days prior to the first written offer for acquisition of the property; and provided further that the owner-occupant purchases a comparable dwelling not later than one year subsequent to the date on which the owner-occupant was required to move.(b) The payment, not to exceed $1,500, is the amount, if any, which is necessary to make a down payment on a replacement dwelling. The determination of the amount necessary for a down payment shall be based on the amount a relocatee would have had to pay if the purchase of a comparable dwelling was financed with a conventional loan.[Eff 2/11/91] (Auth: HRS §§ 206E-4, 206E-10.5) (Imp: HRS §§ 206E-4, 206E-10.5)
§ 15-24-32 is based substantially upon § 15-18-11. [Eff 9/22/84; R 2/11/91]