C.B. Mattson Properties
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Special Market Rate (SMR) rents are the same as basic rent except there is a limit to the high end of the rent. So if 30% of the gross household income is above the "SMR" the rent will be the SMR rate. SMR rates vary with the project but are generally: 1 bedroom - basic (no less than) $453 SMR (no more than) $485 2 bedroom - basic (no less than) $501 SMR (no more than) $600 As with basic rents, SMR tenants pay his/her own utilities. |
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