FORT WAYNE, Ind. (WANE) – Some Fort Wayne residents may be forced out of their homes after their property management company raises their rent.
CIM Living also plans to refuse to accept assisted housing checks from the fall.
A resident of Black Pine Flats says her rent was increased by $200 recently after CIM Living acquired the property.
Fort Wayne Housing Authority officials say they are working with the company to help residents who may not be able to afford to live there when vouchers are no longer accepted at CIM Living-owned properties.
Vouchers are income-based and can pay up to 100% of residents’ rent.
Housing Authority chief executive George Guy said the company made the decision based on what was best for its bottom line.
“They believe, based on their interpreter, that they should be able to get a better market rate unit than what we are allowed to pay in terms of the housing choice voucher program, as you know the program from the l 8, so in their minds it’s not commercially feasible for them to do it when they think they can get more money on the rent from the private side” , Guy said.
WANE15 contacted CIM Living and they did not return calls. We will bring you their response if they do.