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The affordability target is set at no higher than 80 per cent of the city’s average market rent – a calculation done by the.
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Choppin’s plan is to sell the buildings to investor buyers who will be able to rent the buildings. Beach would have a monthly mortgage payment of a little more than $2,700 a month, according to.
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His startup, called Mortgauge, developed a calculator to help consumers assess. It applies to buyers with a maximum.