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SUBPART A Reference Section 24.2 (a)(9)(ii)(M)

American Dream Downpayment Initiative (ADDI)



SUBPART A Reference Section 24.2 (a)(9)(ii)(M)

American Dream Downpayment Initiative (ADDI)

As the result of Federal statutory authority, Federal agencies have determined that a tenant being displaced from a dwelling being purchased by a person utilizing funds from the American Dream Down Payment Initiative, can not attribute their displacement to a Federal action. The displaced tenant is therefore ineligible to receive relocation assistance under 49 CFR Part 24 as follows:

§24.2 (a)(9)(ii)(M)

Tenants required to move as a result of the sale of their dwelling to a person using downpayment assistance provided under the American Dream Downpayment Initiative (ADDI) authorized by section 102 of the American Dream Down Payment Act (Pub. L. 108-186; codified at 42 U.S.C. 12821).

This same interpretation would apply to a subsequent displacement resulting from the procurement of replacement housing or a replacement business site by an eligible relocatee using relocation assistance funds from a federally funded project.

Updated: 9/5/2014
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