.jpg?crop=(0,0,300,59)&cropxunits=300&cropyunits=59&width=75){kind=logo}
Current Resident
Aug 29, 2024 • Seraphine
I do like living here. I’ve been here for over 5 years. However, the annual rent increases, in this area, are not only unfair, but not feasible if you’re a retired senior, subsisting solely on SS income, which most of the tenants are. (Some tenants are on Title 8, and I honestly think, that this is the only way to be able to withstand the rent increases.) According to FPI management, they are doing what the law “permits them to do”. However, because we are in Elk Grove, & the calculation for rent increases takes into account the average median income (AMI) of the area, which is approximately $120,000 (with so many of these people living in homes, where starting prices are well over a half a million dollars), our rent increases are calculated based on this AMI, which is *extremely unbalanced* for seniors trying to get by on SS retirement income, that does not increase anywhere near the rate of the AMI of the area.
Because of this, our rent increases are approximately 10% each year, which calculates to over $100….and this 10%, keeps increasing every year, as the rent prices are higher every year. (This year my rent increase was close to $150, but my annual SS income increase, was only a few dollars.) If this continues, and the laws do not change, these apartments can no longer be considered “senior apartments”, because there won’t be any seniors left who will be able to live here….especially if the former “president” gets in the WH again, where their playbook for his administration, Project 2025, details cutting SS for seniors by 25%.
.jpg?width=360&quality=80)
.jpg?width=360&quality=80)
.jpg?width=360&quality=80)
.jpg?width=360&quality=80)
