CATEGORY RATE Multiplier TOTAL
FAIR MARKET RENT* $3,604 4 $14,416
IMMEDIATE VACATION** $1,000 $1,000
MOVING EXPENSES*** $500 2 $1,000 50% Cap Amount for Temp. Relocation TOTAL DUE TO TENANT HOUSEHOLD $16,416 $8,208.00
**Applicable to displaced tenant households that are not given at least a 30 days' notice prior to displacement. ***Multiplied by number of bedrooms.
An additional $250 counseling fee will be due to the City for each rental housing unit from which tenants are displaced.
PROPOSED ORDINANCE - PERMANENT DISPLACEMENT EXAMPLES
Rent Based - Two Bedroom
Monthly Rent or FMR (x4)
*Based on four months HUD Fair Market Rate rent, example of two bedroom unit. Will cover potential costs including security deposit, first month's rent, and other housing costs.