Section 10-B2230. COMPUTATION OF PAYMENTS FOR REPLACEMENT HOUSING

 

2230.1A claimant who is eligible for a replacement housing payment for rental or sales housing, may have the computation of his payment based upon either of the following:

 

(a)A schedule of the average sale or rental prices for comparable dwellings; or

 

(b)The sale or rental prices of three (3) comparable dwellings available on the market.

 

2230.2The schedule under §2230.1(a) shall be determined in accordance with the following method:

 

(a)The Relocation Office shall establish a schedule of probable selling prices of dwelling comparable to the various types of dwelling being acquired and a schedule of probable rental prices of dwelling units comparable to the various types of rented dwellings being vacated;

 

(b)The schedules will be prepared from an analysis of the various selling and rental prices of dwelling available on the market and shall be updated periodically; and

 

(c)To the extent possible, the schedules shall be the same as those utilized for other programs in the District.

 

2230.3The schedule under §2230.1(b) shall be determined in accordance with the following method:

 

(a)The Relocation Office shall analyze the sale or rental prices of at least three (3) dwelling comparable to the acquired dwelling unit which are available on the market and which meet the criteria for a comparable dwelling as defined in this chapter;

 

(b)Less than three (3) comparables may be used when sufficient comparable dwellings are not available and the files are documented to this effect; and

 

(c)An adjustment of asking prices to selling prices shall be determined by comparing the asking prices and actual sale prices of recently sold dwellings, and a factor or percentage shall be developed representing the average difference between the asking price and actual sale price. This factor or percentage shall be kept current.

 

source

§503(f) of the Relocation Regulations, Regulation No. 73-4, 19 DCR 599, 627 (February 21, 1973).