October 11. 2004
Income limits lifted for Laureate Court buyers;
information session scheduled
By Louise Donahue
Thirteen Laureate Court Apartments--just across from the main
campus entrance--will be sold by UCSC as condo units without
The Housing Office will have
a briefing on Laureate Court sales from noon to 2 p.m.
on Tuesday, October 12. Photo
by Louise Donahue
UCSC bought the Laureate Court Apartments in 2002, and has
been renting them out exclusively to faculty and staff.
The campus had planned to have income restrictions on the buyers,
so that UCSC would be in compliance with city ordinances, said
Steve Houser, faculty and staff housing manager. Setting aside
some units for low-income people was part of the agreement with
the city when Laureate Court was built as a private apartment
complex, Houser explained.
Lenders were reluctant to face restrictions by both the university
and city, however, so 13 rental units will be made available
to low-income renters instead, Houser said.
A briefing on Laureate Court sales and other new housing will
be held from noon to 2 p.m. on Tuesday, October 12, at the Women's
Center near the base of campus.
The Laureate Court condos have two bedrooms and two baths,
and include carports, decks, and a common swimming pool. Built
in 1992, they are the newest UCSC faculty/staff housing units.
Prices are expected to be from $262,000 to $272,000.
Houser said he is anticipating considerable interest in Laureate
Staff and non-senate academics hired after July 15, 2003, are
eligible to sign up for for-sale housing at any time. Those
hired before July 15, 2003, were required to have enrolled for
a campus housing lottery, but this requirement has temporarily
Through November 30, these employees may apply for for-sale
housing and have their names appended to a waiting list. Senate
faculty may apply for the waiting list at any time.
Interested persons should contact email@example.com for
more information. (For details, see August 9 Currents
In the longer term, the campus will offer additional for-sale
housing at Ranch View Terrace--originally called "Inclusion
Area D." Ranch View Terrace, with 80 three- and four-bedroom
homes, was approved by the UC Regents over the summer. (See
article) Construction is scheduled to begin this year, and
is expected to take about 16 months.
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