Rates

Where does your rent dollar go?

The great services and programs that make living in the Department of Housing such a huge success take a great deal of resources. Not only in dedicated staff, both student and professional, but also in supplies, materials, utilities and a myriad of other areas. If you have ever wondered where your rent dollars go, here is an illustration of how each and every penny is utilized. Where does your Rent Dollar Go pie chart

  • 23% Personal Services
    Personal Services accounts for the salaries, wages and benefits of Department of Housing staff; including but not limited to: Maintenance, Custodians, Shops (HVAC, electrical, lock, carpentry), RAs and PLs, Central Staff, ResNet, etc.
  • 24% Debt Services
    In select cases, we have borrowed money and have to pay it back - just like a mortgage. Paying off long term debt associated with past large scale capital improvements, for example the halls that were built for Olympic Housing in 1996 were funded by Georgia Tech and are still being paid off (Sixth Street, Maulding, Crecine, Eighth Street, Center Street, Fourth Street), as well 10th and Home Family Housing (2005) and the acquisition of the North Ave Apartments (2007).
  • 16% Utilities
    The luxury of having all utilities included in rent comes at a significant portion of the rent dollar. For instance last year alone, Georgia Tech Housing paid over $8 Million dollars in utilities alone. We are adding new systems and doing our best to conserve, and all residents must pitch in to bring this cost down.
  • 23% Capital Improvements and Routine Replacements
    In order to keep the buildings operating and as up-to-date as possible, all halls are on a constant maintenance and renovation cycle. For instance this past year Harrison and Howell got new HVAC, Smith received new carpeting, and HVAC units, and many units were completely re-carpeted and painted, new and newly reupholstered furniture was placed in several halls, over 750 new mattresses were brought in, and many more projects were undertaken. Residence hall renovations, as opposed to new construction which falls under "debt service", also must be funded from this area. Freeman (2009), Montag (2010) and Fitten (2011) are being planned and executed now.
  • 4% Technology
    The high-speed internet, and expansive cable TV services, as well as keeping up to speed with modern technology advancements can be a significant portion of the rent dollar for Department of Housing residents. Completing the 100% wi-fi of all halls came from this area of the budget.
  • 10% Other Expenses
    The remaining portion of the rental income goes to pay for other services such as insurance, administrative overhead and supplies and materials to keep it all running. Repairs of damages and vandalism, as well as the supplies custodians use daily, are housed in this budget section.

It is easy to see that operating a safe and educationally supportive housing enterprise can be very costly. However, we in the Department of Housing are working very hard to run as efficiently and effectively as possible, to spend our resources wisely, and to continue to meet your needs! You can help by reducing your energy consumption and recycling, as well as letting us know who vandalizes and damages our buildings.