Lead Stories, Week of Apr 18, 2006
April 21, 2006
Higher Rent in Public Housing
The city's housing authority is planning to raise the rents of 27 percent of public housing tenants, the first significant increase since 1989. The change would affect all households making over $19,800 annually, and would raise rents between10 percent to 40 percent, depending on income. The change goes into effect in September, pending federal approval. The authority says it must confront a budget gap caused by higher costs and dwindling federal subsidies, and predicts that higher rents will generate $60.8 million by fiscal 2009. The authority also recently raised various fees for tenants of public housing.