The following paper is related to a research project that intends to analyze, from a broad comprehensive and complex look at the concepts of habitat, development, and sustainability, the official process of relocation of urban vulnerable populations in the context of natural hazards. After contextualizing and conceptually reflecting, from a normative point of view, about official relocation efforts, the article presents and analyses specific resettlement cases. It looks specifically at the city of Manizales 20 years after the development of the first project of this kind in the city. Furthermore, the analysis adopts a comparative focus, in the context of relocations, because it not only considers the new place of relocation, but also the original one. The aim of the study is to produce an analysis matrix model for relocation processes, previously identifying and building indicators.