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Morrisville staff recommend 60% AMI for rental-assistance pilot, 80% for security deposits
Summary
Staff proposed a pilot rental-assistance program using small-area fair market rent for Morrisville and recommended limiting rental-assistance eligibility to households at or below 60% AMI and security-deposit help at or below 80% AMI, with a three-month post-launch review.
Morrisville officials on Feb. 26 reviewed details of a planned rental-assistance and security-deposit pilot that staff will administer with NeighborUp, and recommended starting eligibility at 60% of area median income for rental assistance and 80% for security deposits.
Planner II Josh Mekel, who presented follow-up information from a Jan. 27 work session, said the town will use small-area fair market rent (SAFMR) targeted to Morrisville'7560 ZIP code so subsidy levels reflect local rents rather than broader Raleigh MSA averages. "We are going to use the small area fair market rent," Mekel said. "Those numbers…
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