Owner Retention of Displacement Dwelling

If the owner elects to retain ownership of his/her dwelling, move it from the displacement site, and reoccupy it on a replacement site, then the purchase price of the replacement dwelling is the sum of:
  • cost of moving and restoring the dwelling to a condition comparable to that before the move;
  • costs to make the unit a DSS replacement dwelling;
  • fair market value of the replacement site for residential use unless the displacee
    rented
     the displacement site and there is a reasonable opportunity for the displacee to rent a suitable replacement site; and
  • retention value (cost) of the dwelling if such retention value is reflected in the acquisition cost (parcel appraisal) used in computing the replacement housing supplement.
Typically, cost of retaining and relocating a dwelling is less than the acquisition cost of the parcel, and the displacee is not eligible to receive any part of an approved supplement.