NSP FAQ
Q

Tenants occupying a property at the Initiation of Negotiations (ION) date are eligible for relocation assistance under the URA. How is the ION determined?

Date Published: October 2012

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A

If a tenant is displaced as a direct result of privately undertaken rehabilitation, demolition, or acquisition, NSP uses the definition of ION in the CDBG program regulations at 24 CFR 570.606(b)(3): ION occurs upon the execution of the loan or grant agreement between the grantee (or State or state recipient, as applicable) and the person owning or controlling the real property. In the absence of a loan or grant agreement between the grantee and the person owning or controlling the property, NSP defaults to the definition of ION in the government-wide regulations at 49 CFR 24.2(a)(15)(iv) or 49 CFR 24.101(b)(1)-(5).  

Note: Relocation and tenant protection can be a difficult subject for many grantees and mistakes can lead to costly findings. It is recommended that grantees contact their regional relocation specialist or HUD field office for guidance.


Tags: NSP Real Estate Acquisition and Relocation (URA and Other Requirements)

FAQ ID:

885