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Cosby: Case Has Problems
Cosby: Case Has Problems
Cosby: Case Has Problems
MARINIJ.COM | NEWS |
A 7
Rent
sidy agreement based on the
about 10 to 15 percent over- buron and the Preserve atbogged down in delays, to this wonderful town that
fair market rate, said Ed Ca-
priced, in my professional Marin, a luxury complex Mayor Diane Furst said she is highly desirable.
brera, regional public affairs
opinion, said Matt Prandi with bayside views in East
is happy to see the project The leasing office is open
FROM PAGE 1 officer for HUD. Borries, vice president of Corte Madera. is nearing an end and she is for tours Monday through
The tenant would pay athe San Rafael-based Prandi Serenity is advertising a
ready to welcome new resi- Sunday for market-rate
a gym and a yoga center, predetermined percentage Property Management. one-bedroom from $2,850 dents to Corte Madera. apartments. For more in-
among other amenities. The of the household income for A one-bedroom for to $3,350. Similarly, a one-The construction team formation, call 415-675-
retail space on the ground rent. A HUD-issued subsidy
$3,150 is similar to San bedroom apartment at the has worked very hard to- 1463 or visit tamridgema-
floor near Tamal Vista Bou- would pay for the difference,
Francisco, but its not in San Cove is advertised to start at
ward completion and Im rin.com.
levard and Wornum Drive he said. Francisco and youve got the $2,995, whereas a two-bed-
very pleased that theyve Applications for below-
will soon become Andys Fair-market rates in bridge and toll to pay if you room at the Preserve starts
been able to meet their goal market rate (BMR) homes
Market, a grocery store and Marin County are $2,411 for
work there, he said. at $4,295. to finish in early summer, begin June 14 and are open
cafe. a one-bedroom, $3,018 for He said theyre likely It looks like they took
she said. through July 12. There is a
Eighteen units will be of- a two-bedroom and $3,927 charging that much because the average so theyve Likewise, Chase said, we BMR open house scheduled
fered at a below-market rate for a three-bedroom apart-
theyre promoting these as done their research on that,
are pleased to finally have from 4 to 7 p.m. on June 22
determined by the U.S. De- ment. brand-new constructions. Borries said. hit this milestone and be and another from 10 a.m. to
partment of Housing and He compared Tam Ridge able to open the property 2 p.m. on July 10. For infor-
Urban Development, or Rents overpriced? to other apartment build- Many delays and start leasing. mation about the BMR pro-
HUD. The rates at Tam Ridge ings such as Serenity at After a rough start She said, this is an op- gram, email tamridgebmr@
That rent requires a sub- Residences appear to be Larkspur, the Cove at Ti- and construction process portunity for people to come greystar.com.