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Comparability:
New definition of dwelling site:
In § 24.2(a)(11) a land area that is typical in size for similar dwellings located in the same neighborhood or rural area.
Reason - to clarify what to look for when looking for comparable properties, what to compare the displacement dwelling to.
Notes:
With regard to computation of a replacement housing payment, one new and two revised definitions are related to the computation process. The new definition in § 24.2(a)(11) for a dwelling site complements the guidance provided for residential carve outs. For additional information, see Appendix A, § 24.2(a)(11).
EXAMPLE: A dwelling is located on a site of ten acres. The typical residential sites in the area are one acre. Therefore, one acre would be the "dwelling site".
To provide feedback, suggestions or comments for this page, contact Arnold Feldman arnold.feldman@fhwa.dot.gov
