HOUSING ALLOWANCE FOR FACULTY MEMBERS (Board of Trustees Meeting, February 8, 1976) The Board of Trustees approved an increase in the housing allowance for faculty members from $250 to $300 per month on the basis that the $250 figure had been in use for a period of 13 years and was badly in need of revision to make it more realistic in terms of the housing costs of faculty members. The effective date of the increase in the housing allowance was established as March 1, 1976. 93