The University Housing Rental Rate Review Committee discussed major issues concerning housing changes Tuesday.
Due to the increased daily operational costs, facilities upgrades and the university securing additional mortgage for the renovations of Sampson and Young halls, the committee proposed a 4 percent increase on the rental rate.
“It is important for students to understand the logistics of the rental rate increase,” said Oscar Crumity, university housing director .
The increased rental rate is locked from 2010 to 2015.
The committee also addressed two potential significant projects for the year, including mildew treatment in Gibbs, Paddyfote and Palmetto South and Palmetto Phase III apartments twice during the year to improve the current standing of the buildings and the replacement of plumbing pipes in Palmetto South to alleviate future sewage problems within the complex.
Crumity thought more students would participate in the meeting.
“I anticipated more student questions like at last year’s rental rate informational, but I guess students understand it better this year,” Crumity said.
Although student attendance was scarce, some residents left content with the rental increase.
Jamerika Lindsey, first-year mathematics education student from Virginia Beach, Va., disagrees with the increase but understands why it’s necessary.
“No one is excited about extra housing expenses,” Lindsey said. “However, after hearing the payout, I know it’s needed.”
Upon the completion of the 2014-2015 fiscal year, Florida A&M’s housing will pay out $5,914,999.05 for Sampson and Young bond payments, FAMU Village and the refunding of the 1992 and 1996 bonds.
Phase III resident assistant Dymone Mincey, a fourth-year pre-physical therapy student from Jacksonville, understands why housing will increase and hopes it’s for the better.
“I know there is a lot of renovations and upfront costs needed,” she said. “Hopefully, the 4 percent increase will allow us to pay our bills.”