University Senate Proposed: May 4, 2007

Approved:

Resolution to Limit Rent Increases

for Columbia Apartments in 2007-2008

WHEREAS the administration has not made public any long-term financial plan for university housing, and 

WHEREAS there are significant questions about the appropriate allocation of capital expenditures for university housing, and

WHEREAS there are significant questions about the financial efficiency of covering rent increases with salary increases, and

WHEREAS the administration raised rents in university housing by five per cent in 2006-07, and plans to raise them by five per cent again in 2007-08, 

THEREFORE BE IT RESOLVED that the University Senate call on the administration to limit annual percentage rental increases in university housing (including the increase for 2007-08) to no more than the median annual percentage salary increase (retention increases excluded) -- until the administration presents a long-term financial plan for university housing to the University Senate. 

Proponent: Housing Policy Committee