Form HUD-40061 Comparable Replacement Dwelling for Computing a Replacement Housing Payment

What Is Form HUD-40061?

This is a legal form that was released by the U.S. Department of Housing and Urban Development on April 1, 2005 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form HUD-40061?
A: Form HUD-40061 is a document used for computing a replacement housing payment.

Q: What is a replacement housing payment?
A: A replacement housing payment is a benefit provided to individuals who are displaced from their homes due to certain government actions, such as urban renewal projects or highway construction.

Q: Who uses Form HUD-40061?
A: Form HUD-40061 is used by the Department of Housing and Urban Development (HUD) and local public agencies to determine the amount of the replacement housing payment.

Q: What information is required on Form HUD-40061?
A: Form HUD-40061 requires information about the displaced person's current housing situation, including the cost of comparable replacement housing.

Q: How is the replacement housing payment calculated?
A: The replacement housing payment is calculated based on the difference between the cost of the displaced person's current housing and the cost of comparable replacement housing.

Q: Who is eligible for a replacement housing payment?
A: Eligibility for a replacement housing payment depends on the specific government program and the individual's circumstances.