Shannock Falls

1639 Shannock Road, Charlestown, RI 02813

Waiting List Forecast: Likely Short or None

check_circleVerified for 2022 by Connor Bailey, Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	1 - 3 Beds	1 Bath	-

Call (401) 941-2900

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

Shannock Falls is a new affordable apartment development on two sites in Charlestown and Richmond. There are 11 units at Shannock Village, located at 1639 Shannock Road in Charlestown, and 32 units at Richmond Ridge, located on West Shannock Road in Richmond. These are 1, 2, and 3 bedroom townhouse apartments in the wooded setting of rural South County.

Applications are currently being accepted from qualified low-income individuals and families. Experience the best of South County in these professionally-managed units, just steps from the historic Shannock Village.

Dave's Thoughts On Shannock Falls

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Shannock Falls does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

~ Dave Layfield, Founder of Affordable Housing Online

Shannock Falls Amenities

Community Room
On-Site Manager
Close to Shopping
Nearby Parks and Recreation
On-Site Maintenance

Units at Shannock Falls

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	Call for Price^†
2 Bedroom (2/1)	-	Call for Price^†
3 Bedroom (3/1)	-	Call for Price^†

Income Qualification for Shannock Falls

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people
50% AMI for LIHTC Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year	$55,300 / year	$59,400 / year
50% AMI for LIHTC Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year	$55,300 / year	$59,400 / year
50% AMI for LIHTC Units	$38,900 / year	$44,450 / year	$50,000 / year	$55,550 / year	$60,000 / year	$64,450 / year
50% AMI for LIHTC Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year	$55,300 / year	$59,400 / year
50% AMI for LIHTC Units	$38,900 / year	$44,450 / year	$50,000 / year	$55,550 / year	$60,000 / year	$64,450 / year
50% AMI for LIHTC Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year	$55,300 / year	$59,400 / year
50% AMI for LIHTC Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year	$55,300 / year	$59,400 / year
50% AMI for LIHTC Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year	$55,300 / year	$59,400 / year
50% AMI for LIHTC Units	$38,900 / year	$44,450 / year	$50,000 / year	$55,550 / year	$60,000 / year	$64,450 / year
50% AMI for PBRA Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year	$55,300 / year	$59,400 / year
50% AMI for PBRA Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year	$55,300 / year	$59,400 / year
50% AMI for PBRA Units	$38,900 / year	$44,450 / year	$50,000 / year	$55,550 / year	$60,000 / year	$64,450 / year
50% AMI for PBRA Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year	$55,300 / year	$59,400 / year
50% AMI for PBRA Units	$38,900 / year	$44,450 / year	$50,000 / year	$55,550 / year	$60,000 / year	$64,450 / year
50% AMI for PBRA Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year	$55,300 / year	$59,400 / year
50% AMI for PBRA Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year	$55,300 / year	$59,400 / year
50% AMI for PBRA Units	$35,850 / year	$41,000 / year	$46,100 / year	$51,200 / year	$55,300 / year	$59,400 / year
50% AMI for PBRA Units	$38,900 / year	$44,450 / year	$50,000 / year	$55,550 / year	$60,000 / year	$64,450 / year
60% AMI for LIHTC Units	$43,020 / year	$49,200 / year	$55,320 / year	$61,440 / year	$66,360 / year	$71,280 / year
60% AMI for LIHTC Units	$43,020 / year	$49,200 / year	$55,320 / year	$61,440 / year	$66,360 / year	$71,280 / year
60% AMI for LIHTC Units	$46,680 / year	$53,340 / year	$60,000 / year	$66,660 / year	$72,000 / year	$77,340 / year
60% AMI for LIHTC Units	$43,020 / year	$49,200 / year	$55,320 / year	$61,440 / year	$66,360 / year	$71,280 / year
60% AMI for LIHTC Units	$46,680 / year	$53,340 / year	$60,000 / year	$66,660 / year	$72,000 / year	$77,340 / year
60% AMI for LIHTC Units	$43,020 / year	$49,200 / year	$55,320 / year	$61,440 / year	$66,360 / year	$71,280 / year
60% AMI for LIHTC Units	$43,020 / year	$49,200 / year	$55,320 / year	$61,440 / year	$66,360 / year	$71,280 / year
60% AMI for LIHTC Units	$43,020 / year	$49,200 / year	$55,320 / year	$61,440 / year	$66,360 / year	$71,280 / year
60% AMI for LIHTC Units	$46,680 / year	$53,340 / year	$60,000 / year	$66,660 / year	$72,000 / year	$77,340 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Shannock Falls

Does Shannock Falls have a waiting list?

Shannock Falls probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Shannock Falls?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges Shannock Falls?

Shannock Falls is managed by Housing Opportunity Development Corporation headquartered in Techny, IL.

In addition to Shannock Falls, how many other affordable housing properties (and units) are there in Washington County?

In addition to Shannock Falls, we list 38 other affordable properties in Washington County. Learn about these properties here. Our data research shows that there are a total of 1868 affordable units in Washington County.

Listings Near Shannock Falls

125 Cedar Rd

125 Cedar Rd, Charlestown, Rhode Island 02813

^† Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.