Maddy Vogel
@maddyvogel.bsky.social
Reporting on public education, local government, etc. for The Ithaca Times, big fan of local news & opinions are my own
Rent at Library Place currently ranges from $2,545 for a 1bed apartment to $5,935 a month for a 3bed, 2bath unit.
Even with the rent reduction, tenants will still need to make $91,620 annually ($7,635 per month) to ensure that no more than 30% of their income goes toward rent.
Even with the rent reduction, tenants will still need to make $91,620 annually ($7,635 per month) to ensure that no more than 30% of their income goes toward rent.
January 10, 2025 at 6:17 PM
Rent at Library Place currently ranges from $2,545 for a 1bed apartment to $5,935 a month for a 3bed, 2bath unit.
Even with the rent reduction, tenants will still need to make $91,620 annually ($7,635 per month) to ensure that no more than 30% of their income goes toward rent.
Even with the rent reduction, tenants will still need to make $91,620 annually ($7,635 per month) to ensure that no more than 30% of their income goes toward rent.
Previously, developers defended the rent prices at Library Place, which has a 10-year tax abatement, attributing the high price tag to rising costs during the project’s multi-year delayed construction and unexpected increases in debt service payments.
January 10, 2025 at 6:16 PM
Previously, developers defended the rent prices at Library Place, which has a 10-year tax abatement, attributing the high price tag to rising costs during the project’s multi-year delayed construction and unexpected increases in debt service payments.