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EDA approves $50 monthly rent increase at Sunshine Terrace
Summary
The East Grand Forks Economic Development Authority approved a $50-per-month rent increase at the city-owned Sunshine Terrace, citing rising maintenance and aging building systems; many tenants are income-based, so the actual increase for most will be limited.
The East Grand Forks Economic Development Authority voted to raise rents by $50 per month at Sunshine Terrace, the agency’s director reported at the board’s Dec. 10 meeting.
Staff presented three options and recommended the $50-per-month flat increase as the clearest way to align rents with rising maintenance costs and aging building systems. Staff said the property’s leases are one-year terms and that many residents pay on an…
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