Harvard Real Estate Services (HRES) has announced the approval of the new rent schedule for approximately 2,500 Harvard-owned apartments rented by graduate students and other University affiliates. The new rents will take effect July 1, when the 2003-04 rental season begins.
The Faculty Advisory Committee on Affiliated Housing has endorsed the new rents that were proposed in the Harvard University Gazette Feb. 20. This year, there will be no increase for the majority of affiliates currently residing in Harvard’s Affiliated Housing. The mailing of lease renewal packages detailing residents’ specific rents commenced in March. For new affiliates who sign leases beginning July 1, the overall market rent on average will not increase. However, to support the fair-market rent policy on a unit-by-unit basis, some unit types will increase, some will decrease, and some will stay at current rates.
Rent increases for continuing former-rent-control residents who reside in Harvard’s properties will be announced in early April.
“Affiliated Housing remains an excellent housing choice for affiliates,” said Susan Keller, HRES’s director of Residential Real Estate. “All complexes are conveniently located near the University and have 24-hour emergency maintenance service. There is a broad range of apartment types and a range of rents.”
Affiliates who are not currently residents in Affiliated Housing but who are interested in renting an Affiliated apartment in 2003-04 should visit http://www.hpre.harvard.edu/RRE/affiliate/appproc/index.html.
The Web site describes the broad range of apartments available at affiliated complexes; provides information on the rental process; and includes sample floor plans, estimated rents, and instructions on how to apply.