The Most Northeastern City in the United States.

Rent Reasonableness

Caribou Municipal Building
25 High St
Caribou, Maine 04736
Lisa Plourde, Executive Director
Sue Ouellette, FSS/Homeownership
Phone: (207) 493-4234
Fax: (207) 376-0178


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How to Submit Your Request for Tenancy Approval

Rent Reasonableness

40% Affordability Process

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Equal Housing Opportunity

The Housing Agency will conduct a rent reasonableness study to determine and document whether the requested rent is reasonable compared to similar units in the market place and not higher than those paid by tenants living in unassisted units.

In comparing units, the agency will consider the items listed below.

  • Location
  • Qualityapplication_process02
  • Size
  • Unit Type
  • Amenities
  • Housing Services
  • Age of unit
  • Utility Responsibility
  • Maintenance

If the requested rent is not approvable based on the Rent Reasonableness study, a Housing Agency staff person will propose a contract rent to the owner.  The contract rent is the maximum monthly rental amount which includes the tenant’s portion and the Housing Agency’s portion. If the proposed contract rent is approved by the owner/agent, processing will continue.