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Amherst Garden Apartments

198 Amherst Street, Providence, Rhode Island 02909

Amherst Gardens is a 36-unit affordable rental development completed in October 2017 and now fully occupied. Located in the residential core of the neighborhood, focused on Amherst Street, this cluster of homes was among the most devastated by the foreclosure crisis. The project transforms 14 formerly foreclosed and blighted properties into attractive, stable and affordable rental housing for 36 families who are invested in contributing to a healthy community.

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Amherst Garden Apartments Details

  • 36 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

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.

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