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FRIDAY, DECEMBER 28, 1984
AT PRESENT, HE SAID, RATES INCREASES WERE INITIALLY ABSORBED BY THE AUTHORITY AND NOT RECOVERED FROM TENANTS.
*THE EFFECT OF THE INCREASES IS TAKEN INTO CONSIDERATION AS
A FACTOR ONLY AT THE NEXT RENT REVIEW, VERY OFTEN UP TO 18 TO 20 MONTHS AFTER THE RATES INCREASES HAVE TAKEN EFFECT.
+ IF THIS IS TO CONTINUE, THE FINANCIAL LOSS TO THE AUTHORITY WILL BE VERY SUBSTANTIAL. +
THE SPOKESMAN SAID THE REVISED POLICY TO RECOVER RATES INCREASES WAS DECIDED AT THE LAST MEETING OF THE HOUSING AUTHORITY'S MANAGEMENT COMMITTEE,
+TENANTS WILL IN FUTURE BE INFORMED WHENEVER THERE ARE INCREASES IN RATES, ALTHOUGH THEY WILL NOT BE EXPECTED TO PAY THE INCREASES IMMEDIATELY.
+WHEN RENTS ARE REVIEWED, THE NEW RATES PAYABLE, AS WELL AS THE AMOUNT OF RATES ALREADY PAID BY THE AUTHORITY ON BEHALF OF TENANTS FOR THE INTERVENING PERIOD BETWEEN RATES INCREASES AND THE RENT INCREASE, WILL BE PASSED ONTO THE TENANTS.
+THIS INFORMATION WILL BE CLEARLY SET OUT IN THE RENT INCREASE NOTICE TO TENANTS.+
WHILE IT WAS OBVIOUSLY IMPOSSIBLE TO INDICATE ACCURATELY THE EFFECT OF FUTURE RATES INCREASE TO THE TENANTS, THE SPOKESMAN CITED AS AN ILLUSTRATION A 33-SQUARE-METRE PUBLIC HOUSING FLAT IN URBAN KOWLOON WHERE RENTS WERE REVISED LAST SEPTEMBER.
+ON BEHALF OF THE TENANT, THE HOUSING AUTHORITY ABSORBED $235 IN RATES FOR THE TWO YEARS PRIOR TO THE RECENT RENT REVISION.
+ IF THIS RATES INCREASE WAS TO BE RECOVERED OVER A PERIOD OF 24 MONTHS, THE ADDITIONAL AMOUNT TO BE CHARGED TO THE TENANT PER MONTH WOULD BE $9.8 OR 2.1 PER CENT OF THE OLD MONTHLY RENT.+'
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