Residents at Trinity Park in Livonia are preparing for higher rents after the complex announced it will end its income-based rent program next year. WXYZ Channel 7 reported that Dolores Pollington was notified of a $163 monthly increase, while fellow resident Janice Dixon is facing an $86 increase.
Pollington told WXYZ Channel 7 that the added cost would consume half of her Social Security income. She said she chose Trinity Park because of its income-based rent structure and left another senior-housing waitlist a year earlier to move there. She now is unsure how she will cover the additional expense on a fixed income.
Dixon also told the station that managing her bills on a fixed income is difficult and that finding another home may not be easy. WXYZ reported that Trinity Park’s board attributed the switch to flat-rate rents to higher utility, insurance and maintenance costs, along with inflation.
A HUD Loan and a Shift Away From Federal Financing
An email from state Representative Stephanie Young suggested Trinity Park may be moving away from federal financing after paying back a HUD loan, per the same account. The loan’s conditions had required the property to offer rental rates matching apartments that received HUD subsidies, a requirement that would presumably lift once the debt is retired…