Georgiaville Village Green is a 42-unit housing development located on Whipple Avenue in Smithfield, RI and offers one, two and three bedroom units, as well as ADA units, with on-site laundry and community room facilities. Applicant’s total household income may not exceed the Tax Credit income guidelines as published by HUD. Current Tax Credit Income Limits are as follows:
|1 Bedroom (1/1)||-||Call for Price|
|2 Bedroom (2/1)||-||$725|
|3 Bedroom (3/1)||-||$838|
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.
Georgiaville Village Green is managed by Smithfield Housing Authority.