Deerfield Commons I

190 Saint Paul St, North Smithfield, Rhode Island 02896

Deerfield Commons I, located at 190 Saint Paul St in North Smithfield, has one bedroom apartments. Deerfield Commons I participates in the Low-Income Housing Tax Credit (LIHTC) and Section 515 Rural Rental Housing programs.

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Call for Price

Deerfield Commons I Details

  • 80 one bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Community Room
  • 24hr Emergency Maintenance
  • On-Site Parking
  • Laundry Facility

About Deerfield Commons I

ffordable housing for the elderly and disabled.

Deerfield Commons Apartments are located in the town of North Smithfield, R.I.

Applicants have to meet the Low Income Housing Tax Credit guidelines and residents pay 30% of their adjusted gross income for rent which includes heat.

There is a utility allowance and residents pay their own electric bill.

Low-Income Housing Tax Credit (LIHTC)

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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

North Smithfield Low-Income Housing Tax Credit Income Limits

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 North Smithfield but actual income limits may differ for units at Deerfield Commons I.

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

Deerfield Commons I 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.

Nearby Low Income Apartment Communities

The Meadows

2 Village Way
North Smithfield, RI
Call For Rent
1-2 BR
HCV Welcome