Newport Heights is a mixed-income development located on Aquidneck Island, where beautiful beaches reign and shorelines enchant. It is near the Newport Naval Base and just minutes away from the famed “Summer Cottages” built in the 19th century on Bellevue Avenue — The Breakers, The Elms, Chateau-sur-Mer, Marble House, and more.
In total, there are 49 market-rate apartments and 250 affordable apartments that have various layers of subsidy available to tenants. There are 54 one-bedroom, 110 two-bedroom, 103 three-bedroom, 22 four-bedroom and 10 five-bedroom apartments. There are washer/dryer hookups in the townhouses and there are laundry rooms in the mid-rise building. One dog or cat per household is allowed, although there are weight and breed restrictions for dogs. Smoking is allowed in apartments only.
Applications will be accepted for all waitlists except the waitlist for PHA units, which is closed at this time.
|1 Bedroom (1/1)||-||Call for Price|
|2 Bedroom (2/1)||-||Call for Price|
|3 Bedroom (3/1)||-||Call for Price|
|4 Bedroom (4/1)||-||Call for Price|
|5 Bedroom (5/1)||-||Call for Price|
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.
Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Newport but actual income limits may differ for units at Newport Heights.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$30,450||$34,800||$39,150||$43,500||$47,000||$50,500||$53,950||$57,450|
|Low Income (60%)||$36,540||$41,760||$46,980||$52,200||$56,400||$60,600||$64,740||$68,940|
Newport Heights was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.
Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.
Newport Heights is managed by Trinity Management.