Payment Standards - Salem Housing Authority

Date of Notice: October 24, 2024

Notice of Meeting of the Board of Directors of Housing Opportunities of Salem, Inc.

Meeting Details: Tuesday, October 29, 2024 at 5:00 p.m. This meeting will take place via Zoom Webinar.

Invitees: Veronica Miranda, Carly McClain, Aaron Paternoster, Romell Kidd and Doneeca Thurston-Chavez, Cathy Hoog, Anne Cameron and Theresa Santalucia, Esq.

Agenda Items: Theresa Santalucia, Esq. will be giving a presentation on general nonprofit corporate compliance and governance and then answering questions of board members.

Discussion: Administrative Services Agreement

Election of Officers and any other unforeseen business that may lawfully come before the board of directors.

Note: Three or more Salem Housing Authority Board Members will be in attendance.

Effective 10/01/2024 (With all Utilities Included)

	0 BR	1 BR	2 BR	3 BR	4 BR
Beverly	$ 2271	$ 2402	$ 2846	$ 3429	$ 3773
Lawrence	$ 1346	$ 1498	$ 1963	$ 2365	$ 2603
Lynn	$ 2271	$ 2402	$ 2846	$ 3429	$ 3773
Marblehead	$ 2271	$ 2402	$ 2846	$ 3429	$ 3773
Nahant	$ 2271	$ 2402	$ 2846	$ 3429	$ 3773
Peabody	$ 2271	$ 2402	$ 2846	$ 3429	$ 3773
Salem	$ 2271	$ 2402	$ 2846	$ 3429	$ 3773
Swampscott	$ 2271	$ 2402	$ 2846	$ 3429	$ 3773

Payment Standards Reflect the following:

Payment Standards for Beverly, Lynn, Marblehead, Nahant, Peabody, Salem, and Swamptscott are set at 105% of the FMR-Boston-Cambridge-Quincy, MA-NH HMFA.

Payment Standards for Lawrence is set at 100% of the FMR-Lawrence, MA-NH HMFA.

These new payment standards will be utilized for new lease-ups, moves, and annual re-exams effective October 1, 2024.

Adopted by the Salem Housing Authority Board of Directors on September 11, 2024.