Affordable Housing In Coventry
Kent County Rhode Island

5 Low Income Apartment Communities In Coventry

Woodland Apartments

20 Woodland Dr ive
Coventry, RI
Call For Rent
1-2 BR
Subsidized

Golden Ridge

14 Manchester Cir
Coventry, RI
62+
Accessible
Elderly Supportive Housing
Subsidized

Coventry Meadows

25 Edith St
Coventry, RI
HCV Welcome

Knotty Oak Village

1202 Carley Dr
Coventry, RI

The Crossroads

111 Lacolle Ln
Coventry, RI
HCV Welcome
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There are 5 low income housing apartment complexes which contain 581 affordable apartments for rent in Coventry. Many of these rental apartments are income based housing with 505 apartments that set rent based on your income. In Coventry, HUD housing programs support 276 rental assistance apartments through programs like Project-based Section 8. There are 76 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Coventry

Housing Authority Programs
Coventry 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 Coventry, Rhode Island

Coventry, RI Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 581
Total Rent Assisted Apartments 505
Percentage of Housing Units Occupied By Renters %
Average Renter Household Size 0.00
Total Population 0
Housing Units 0
Average Household Size 0.00
Median Household Income $0 ±$0
Median Rent $0 ±$0

Population and Household Demographics

Coventry is a City in Kent County, Rhode Island with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Coventry are renters.

Income and Rent Overburden in Coventry

The median gross income for households in Coventry is $0 a year, or $0 a month. The median rent for the city is $0 a month.

Area Median Income In Coventry

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 Coventry, the AMI is calculated from all households within Kent County.

In Coventry, 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 Coventry

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 Coventry HUD Rental Assistance in Coventry

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 Coventry

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

From 2003 to 2012, 2 low income apartment communities containing 76 rental apartments have been constructed and made affordable to low income persons in Coventry 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 Coventry

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
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 Coventry 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 Coventry

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$786 $889 $1,060 $1,328 $1,565