August TEFRA
NOTICE OF PUBLIC HEARING ON MULTIFAMILY HOUSING REVENUE BONDS OR
March 31st, 2022 | Rental Property Owners, Cost Recovery Programs| dwong
The rent for units subject to the Rent Stabilization Ordinance may be increased or decreased for several allowable reasons. Some methods allow for temporary rent surcharges and other methods allow for permanent rent increases. Permanent rent increases (such as Primary Renovations and Just & Reasonable) become part of the Maximum Adjusted Rent of a rental unit, whereas the temporary rent surcharges (such as Capital Improvements) are added on after the Maximum Adjusted Rent is computed. Below is an example of the correct way to do this.
BASE RENT | = $800.00 |
---|---|
Primary Renovation permanent rent increase | + 20.00 |
Subtotal: | = $820.00 |
Annual Allowable Rent Increase ($820 x 3%) | + 24.60 |
Maximum Adjusted Rent: | = $844.60 |
Temporary Surcharges added to Total Rent: | |
SCEP Fee monthly passthrough | + 2.83 |
Capital Improvement temporary surcharge | + 55.00 |
Total Rent Due: | $902.33 |
Allowable Percentage Annual Rent Increase Calculate my rent increase Surcharges
Last modified: March 31, 2022
NOTICE OF PUBLIC HEARING ON MULTIFAMILY HOUSING REVENUE BONDS OR
LAHD is seeking proposals for the provision of Urgent Repair
The 2025 Fast Track Loan Solutions Loan Program (Fast Track)
LAHD is seeking proposals for the provision of financial advisor
NOTICE OF PUBLIC HEARING ON MULTIFAMILY HOUSING REVENUE BONDS OR
This Request For Proposals (RFP) is to solicit proposals from
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NOTICE OF PUBLIC HEARING ON MULTIFAMILY HOUSING REVENUE BONDS OR