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Image of Waters Edge
Image of Waters Edge

Waters Edge

130 Caswell Street, Narragansett, RI 02882

Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units

check_circleVerified for 2023 by Joshua Cappell
Rent Beds Baths SqFt
Call for Rents† Studio - 3 Beds 1 - 2 Baths 394 - 1,172 Sq Ft
check_circle  Project-Based Rental Assistance
Call (401) 783-8985 Email

Waitlist Forecast

Since this property is a LIHTC property that may have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. 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.

Waters Edge is located one block from the bay in Narragansett. This Family Development property includes a variety of apartment sizes, all with high-speed internet access and hook-ups for cable television. There are several wheelchair-accessible apartments, resident parking and public transportation and services nearby. Rent subsidies are available for income-qualified applicants; utilities are included in the rent. Professional management, with 24-hour emergency response, is provided by Preservation Housing Management (PHM).
Dave's Thoughts On Waters Edge

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. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since Waters Edge has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a longer waiting list.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Waters Edge Amenities

  • Near Hospital
  • Near Library
  • Near Park
  • Near Schools
  • Cable Ready
  • Window Coverings
  • Refrigerator

Units at Waters Edge

Unit (Bd/Ba) Ft2 Rent
Studio (Studio/1) 394ft2 Call for Price†
One Bedroom (1/1) 615ft2 Call for Price†
Two Bedroom (2/1) 766ft2 Call for Price†
Three Bedroom (3/2) 1172ft2 Call for Price†

Income Qualification for Waters Edge

*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
30% AMI for PBRA Units $21,500 / year $24,600 / year $27,650 / year $30,700 / year $35,140 / year $40,280 / year
30% AMI for PBRA Units $21,500 / year $24,600 / year $27,650 / year $30,700 / year $35,140 / year $40,280 / year
30% AMI for PBRA Units $23,350 / year $26,700 / year $30,050 / year $33,350 / year $36,050 / year $40,280 / year
30% AMI for PBRA Units $21,500 / year $24,600 / year $27,650 / year $30,700 / year $35,140 / year $40,280 / year
30% AMI for PBRA Units $23,350 / year $26,700 / year $30,050 / year $33,350 / year $36,050 / year $40,280 / year
30% AMI for PBRA Units $21,500 / year $24,600 / year $27,650 / year $30,700 / year $35,140 / year $40,280 / year
30% AMI for PBRA Units $21,500 / year $24,600 / year $27,650 / year $30,700 / year $35,140 / year $40,280 / year
30% AMI for PBRA Units $21,500 / year $24,600 / year $27,650 / year $30,700 / year $35,140 / year $40,280 / year
30% AMI for PBRA Units $23,350 / year $26,700 / year $30,050 / year $33,350 / year $36,050 / year $40,280 / 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 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
80% AMI for PBRA Units $57,350 / year $65,550 / year $73,750 / year $81,900 / year $88,500 / year $95,050 / year
80% AMI for PBRA Units $57,350 / year $65,550 / year $73,750 / year $81,900 / year $88,500 / year $95,050 / year
80% AMI for PBRA Units $62,200 / year $71,100 / year $80,000 / year $88,850 / year $96,000 / year $103,100 / year
80% AMI for PBRA Units $57,350 / year $65,550 / year $73,750 / year $81,900 / year $88,500 / year $95,050 / year
80% AMI for PBRA Units $62,200 / year $71,100 / year $80,000 / year $88,850 / year $96,000 / year $103,100 / year
80% AMI for PBRA Units $57,350 / year $65,550 / year $73,750 / year $81,900 / year $88,500 / year $95,050 / year
80% AMI for PBRA Units $57,350 / year $65,550 / year $73,750 / year $81,900 / year $88,500 / year $95,050 / year
80% AMI for PBRA Units $57,350 / year $65,550 / year $73,750 / year $81,900 / year $88,500 / year $95,050 / year
80% AMI for PBRA Units $62,200 / year $71,100 / year $80,000 / year $88,850 / year $96,000 / year $103,100 / year

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

FAQs for Waters Edge

Does Waters Edge have a waiting list?

Waters Edge probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Waters Edge?

We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.

What property management company manges Waters Edge?

Waters Edge is managed by Preservation Housing Management headquartered in Boston, Massachusetts.

In addition to Waters Edge, how many other affordable housing properties (and units) are there in Narragansett?

In addition to Waters Edge, we list 5 other affordable properties in Narragansett. Learn about these properties here. Our data research shows that there are a total of 169 affordable units in Narragansett.

When was the Waters Edge listing last updated?

Waters Edge listing on Affordable Housing Online was last updated on 01/03/2023 by Joshua Cappell. Remember, a property's status can change so you should contact the property to confirm.

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

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