THE CROTON CHRONICLE: DEVELOPER OF MAPLE COMMONS AFFORDABLE APARTMENTS RAISES RENTS BY 8%

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Developer of Maple Commons affordable apartments raises rents by 8%.

Regan Development Corporation vice-president says the increases are necessary to cover rising expenses and they are permitted by New York State.

THE CROTON CHRONICLE, MICHAEL BALTER

The developer of Maple Commons, the Regan Development Corporation, has confirmed reports the Chronicle received earlier this week that rents will be going up 8% on the 32 apartments occupied by tenants who won their places in the affordable complex via a housing lottery.

Tenants have begun receiving notices of the increase over the past several weeks.

Today we spoke to two tenants, who asked not to be identified, about the effects the increase would have on them financially. Both told us that they were not expecting such a big rise after just having moved in last summer, and that it would pose a definite hardship for them. These tenants moved into the complex from some distance away after giving up their previous accommodations. READ MORE AT Developer of Maple Commons affordable apartments raises rents by 8%.