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a. Recommend setting rents for tenants at Kents Court at 30% of income for households earning up to 110% of Area Median Income, adjusted for household size, or 35% income for households earning more than 110% of AMI, adjusted for household size, based on annual tenant certified incomes, less a reasonable utility allowance.
b. Authorize staff to amortize rent increases over a four-year period for tenants of Kents Court that will experience rent increases greater than 15% due to the rent policy based on certified household incomes.
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It is recommended that the Board of Supervisors:
a. Recommend setting rents for tenants at Kents Court at 30% of income for households earning up to 110% of Area Median Income, adjusted for household size, or 35% income for households earning more than 110% of AMI, adjusted for household size, based on annual tenant certified incomes, less a reasonable utility allowance.
b. Authorize staff to amortize rent increases over a four-year period for tenants of Kents Court that will experience rent increases greater than 15% due to the rent policy based on certified household incomes.
SUMMARY:
The recommended change to the Kents Court rent structure will bring rents into alignment with the requirements of Section 50052(b) of the California Health and Safety Code. If approved by the Board of Supervisors, rents at Kents Court will increase by an average of 51%, spread out over four calendar years (2026 through 2029). Because there are income restrictions recorded on the individual Kents Court units, changes to maximum rents are exempt from the limits imposed by AB1482.
DISCUSSION:
Kents Court is a 19-unit manufactured home community owned by the County and located in Pajaro. The County took ownership of the community in 2010, in-lieu of foreclosing on a loan by the Redevelopment Agency of the County of Monterey (the Agency) to South County Housing (SCH). The Agency loan and California Housing Finance Agency (Ca...
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