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Rent board approves modest increase for 221 Woodford after capitalizing flooring costs, removing contributions
2158912 · January 22, 2025
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Summary
After capitalizing hardwood floor refinishing and removing contribution items from expenses, the board approved a rent increase for 221 Woodford; the allowable increase is $16.11 per unit per month.
The Portland Rent Board approved a recalculated rent increase for 221 Woodford Street (9 units) after board members agreed to capitalize several flooring/refinishing items and to exclude contribution/donation expenses from allowable costs.
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