As a result, the rent was set at $1,226 a month.
Then, the rent is set at no more than 30 percent of the resident's income.
The rent for these three islands was set at two pounds per year.
Where a household's income is relatively high the rents are set at the market rate.
The city also provides the money for the rehabilitation and sets rents.
That Federal program sets rents at 30 percent of household income.
He insisted on setting rents that were 40 percent higher than the average for the downtown market.
Under the proposed new system, the fair-market rent might be set at $800 a month.
Once this rent was set, it could not be altered, neither due to inflation or time.
Asking rents for the stores in the first phase of expansion have not yet been set.