Wish I could interest him in a new rental.

Some of the new rentals are the result of the building boom of the 1980's.

The new rental is the first project the Calder Group has designed, developed and built.

It will include nearly 2,400 new mixed-income rental and home ownership units.

The new rentals in that area are primarily investor-owned condominiums.

Avalon initially proposed its new rental to include 525 apartments in three 10- to 14-story buildings.

That rate is expected to continue because the supply of new rentals has slowed, he said.

Much interest has focused, however, on who the beneficiaries of the new rentals will be.

In the West 40's average rents for new rentals are usually $2.50 to $3 a square foot per month.

Even doubled, the housing budget would not produce many new low-income rentals.