City of Ledyard CT header
File #: 24-0376    Version: 1 Name:
Type: General Discussion Status: Passed
File created: 4/30/2024 In control: Housing Authority
On agenda: 5/6/2024 Final action: 5/6/2024
Title: Discussion and Possible Action to adjust the maximum monthly rent charged at King's Corner Manor to be based on 2022 HUD's (Housing and Urban Development) Office of Policy Development and Research, current Fair Market Rent for a one bedroom, $1263 in Ledyard/Gales Ferry.

AGENDA REQUEST

GENERAL DISCUSSION ITEM

 

Subject:

title

Discussion and Possible Action to adjust the maximum monthly rent charged at King’s Corner Manor to be based on 2022 HUD’s (Housing and Urban Development) Office of Policy Development and Research, current Fair Market Rent for a one bedroom, $1263 in Ledyard/Gales Ferry.

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Background:

Income limits for a single person $63,950 (30% of income would be $1534 after the $65 utility allowance), for a couple $73,100 (30% of income would be $1763 after $65 utility allowance).  The recommendation is to keep the maximum monthly rent at the 2022 approved rate of $1006 a month and adjust yearly.

 

 

 

Department Comment/Recommendation: