27.14.010 RELOCATION ASSISTANCE.

The following requirement for relocation assistance payments shall be applied to applicants within the downtown redevelopment project area:

(a) Relocation assistance payments shall be made to low and moderate income households within the downtown redevelopment project area who are displaced after having received a notice to vacate or a rent increase rendering their unit not affordable, such notice or increase being within 90 days of the filing of an application to proceed with (1) the demolition of residential units; (2) the rehabilitation of residential units when such rehabilitation exceeds 25% of the market value of the unit as determined by the building official; (3) the conversion of residential units into non-residential units; or (4) the conversion of rental units into owner occupied units.

(b) Relocation assistance payments shall be made to low and moderate income households within the downtown redevelopment project area who are displaced after having received a notice to vacate or a rent increase rendering their unit not affordable, such notice or increase being subsequent to the filing of an application to proceed with the activities listed as subsections (a)(1)—(4) of this section; provided, however, that such displacement occurs within one year of completion of the development for which the application is filed.