On June 3, 2024, the Uniform Relocation Assistance and Real Property amended the regulations to increase the thresholds for property acquisitions in 49 CFR 24.102(c)(2)(ii)(C), Subpart B-Real Property Acquisition. The Waiver Valuation threshold was increased for property acquisitions with an estimated fair market value from $10,000 to $15,000 and Separation of Appraisal and Acquisition Functions from $10,000 to $25,000.
The informational link details the Federal Highway Administration (FHWA) final rule.
Local Assistance Procedures Manual (LAPM) Chapter 13, Section 13.8 is updated to increase the Appraisal Waiver Valuation and Separation of Appraisal and Acquisitions Functions threshold effective June 3, 2024.
Office Bulletin #24-05 can be accessed on the DLA Office Bulletin webpage.
For additional details refer to Section 7: Appraisals of the Right of Way Manual.
For questions regarding Office Bulletin #24-05, please contact Division of Local Assistance, Office of Local Right of Way Liaison, Mary Gutierrez.
