APHA board proposes switching unit appreciation to a flat 3%
The APHA board proposed amending ownership and rental appreciation calculations from a CPI-linked formula to a flat 3% simple appreciation to give homeowners predictability; staff said the change would be proactive and not retroactive for most deed restrictions.
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An APHA board representative briefed council on proposals to change unit-appreciation calculations for APHA ownership and rental units. Staff recommended moving from a formula of "3% or CPI, whichever is lower" to a flat 3% simple appreciation for calculating maximum sales price and rental increases. The board said that switch would align APHA practice with some neighboring housing programs and give homeowners a predictable appreciation rate.
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