Indian Rock relief approved by Board of Trustees

(February 2010) The Board of Trustees has raised the limit on approved capital improvements counted as a factor in determining the maximum resale price of an Indian Rock Affordable Housing Unit. The Board had last raised this cap in 2005 to $70,000. It is now raised to $80,000. The increase better allows residents who have invested in capital improvements to recoup their costs when they sell their units.