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The Trust approved annual affordable rents at The Bradford, including net rents of $2,489 per month for one-bedroom units and $2,700 for two-bedroom units. The rents increased by approximately 3.6% and reflect 80% of area median income.
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The approved Bradford rents apply to units intended for households earning up to about 80% of area median income, with no additional subsidy included. The Trust also approved a $500 payment for Fair Housing Training, to be reimbursed from HOME Administration funds. The Trust moved its next meeting to June 16 so members could attend a June 9 Planning Board hearing on proposed zoning and inclusionary zoning changes.
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