Between 12 and 19 percent of the apartments are priced based on the tenants' income level, Mr. Middleton said, although the Presidio Landmark units will be market-rate rentals.
In the residential space, for example, topline gains include revenue maximization (either through price discrimination or greater tenant retention levels).
He announced changes to the social housing system: for existing social tenants, rent levels will remain unchanged, but new tenants will be offered intermediate rents at around 80% of the market rent.
The program gives tenants an increased level of police protection, and in the Bronx at least 5,000 buildings have posted blue Clean Halls signs.
The Housing Act 1988 replaced the rent acts – which gave tenants a high level of security – with two new types of tenancies: assured tenancies and assured shorthold tenancies.
Residents of the Waterside Plaza housing complex have approved an agreement that would give their landlord a multimillion-dollar tax break while preventing the rents on their apartments from being raised to market levels, tenant leaders said yesterday.
Tenants such as Level 3 Communication, and MCI/Worldwide have leased a significant amount of space in the building over the last 18 months, according to Cushman & Wakefield's year-end 1999 market report.
The biggest tenant, a street-level health club, couldn't pay at all but was allowed to stay partly because it livened up the neighbourhood, partly because nobody was rushing to fill the space.At least two reorganisation plans were submitted to ORIX, the first in February when conditions were especially dire, the second in April when things were somewhat better.
The increase was granted a year later, and the development was also granted, as of 1982, the unusual right to raise the rent after the first vacancy -- but not after subsequent vacancies -- for incoming tenants to a level based on 1982 market rents.
