Affordable Housing In Central Falls
Providence County, Rhode Island

15 Low Income Apartment Communities In Central Falls

Aime J Forand Manor

30 Washington St
Central Falls, RI

Izannah Walker

1065 Dexter St
Central Falls, RI
HCV Welcome

Centennial House

27 Darling St
Central Falls, RI
HCV Welcome

Rhode Island ( Fka )

Cogswell Homes
Central Falls, RI
HCV Welcome

Rhode Island

Scaterred Sites
Central Falls, RI
HCV Welcome

Housing Authorities that serve Central Falls

Housing Authority Programs
Central Falls Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Rhode Island Housing Choice Voucher Program Centralized Wait List Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Central Falls, Rhode Island

There are 15 low income housing apartment communities offering 800 affordable apartments for rent in Central Falls, Rhode Island. Central Falls features 661 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 139 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Central Falls.

Sourced from federal housing data and AffordableHousingOnline.com research.

Central Falls, RI Affordable Housing Snapshot

Total Affordable Apartment Properties 15
Total Low Income Apartments 800
Total Housing Units with Rental Assistance 661
Percentage of Housing Units Occupied By Renters 75.32%
Average Renter Household Size 2.93
Average Household Size 2.98
Median Household Income $29,108 ±$2,076
Median Rent $815 ±$23
Percentage Of Renters Overburdened 58.39% ± 5.36pp
Total Population 19,378

Population and Household Demographics

Central Falls is a City in Providence County, Rhode Island with a population of 19,378. There are 6,413 households in the city with an average household size of 2.98 persons. 75.32% of households in Central Falls are renters.

Income and Rent Overburden in Central Falls

The median gross income for households in Central Falls is $29,108 a year, or $2,426 a month. The median rent for the city is $815 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Central Falls, a household making less than $2,717 a month would be considered overburdened when renting an apartment at or above the median rent. 58.39% of households who rent are overburdened in Central Falls.1

Area Median Income In Central Falls

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Central Falls, the AMI is calculated from all households within Providence County.

In Central Falls, HUD calculates the Area Median Income for a family of four as $81,900

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Central Falls

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Central Falls HUD Rental Assistance in Central Falls

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $17,200 $19,650 $22,100 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $28,700 $32,800 $36,900 $40,950 $44,250 $47,550 $50,800 $54,100
80% of Median $45,850 $52,400 $58,950 $65,500 $70,750 $76,000 $81,250 $86,500
Low Income Housing Tax Credits in Central Falls

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1992 to 2005, 5 low income apartment communities containing 231 rental apartments have been constructed and made affordable to low income persons in Central Falls by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Central Falls

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $28,700 $32,800 $36,900 $40,950 $44,250 $47,550 $50,800 $54,100
60% of Median $34,440 $39,360 $44,280 $49,140 $53,100 $57,060 $60,960 $64,920

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Central Falls is $44,280 a year, or $3,690 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,690 by 30% to get a maximum rent of $1,107 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $718 $769 $923 $1,065 $1,189 $1,311
60% $861 $923 $1,107 $1,278 $1,427 $1,574
Fair Market Rents in Central Falls

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$794 $898 $1,075 $1,340 $1,591