Affordable Housing In Tiverton
Newport County, Rhode Island

5 Low Income Apartment Communities In Tiverton

Hancock Estates

Hancock St
Tiverton, Rhode Island
Subsidized
62+
Accessible
Elderly Supportive Housing

Bourne Mills

1 Mill St
Tiverton, Rhode Island

Sandywood Farms

43 Muse Way
Tiverton, Rhode Island

Stafford Point

40 Alicia Cir
Tiverton, Rhode Island
Subsidized

Tiverton Ha

99 Hancock St
Tiverton, Rhode Island
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Housing Authorities that serve Tiverton

Housing Authority Programs
Tiverton Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV)

Guide To Affordable Housing in Tiverton, Rhode Island

There are 5 low income housing apartment communities offering 336 affordable apartments for rent in Tiverton, Rhode Island.

Income Based Apartments in Tiverton, Rhode Island

Tiverton features 120 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Tiverton, Rhode Island

There are 216 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Tiverton.

Housing Choice Vouchers in Tiverton, Rhode Island

On average, Section 8 Housing Choice vouchers pay Tiverton landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Tiverton.

The maximum amount a voucher would pay on behalf of a low-income tenant in Tiverton, Rhode Island for a two-bedroom apartment is between $1,033 and $1,263.

2021 Tiverton, Rhode Island Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Tiverton, Rhode Island Fair Market Rent $848 $955 $1,148 $1,428 $1,714
Tiverton, Rhode Island Payment Standard Range $763 to $933 $860 to $1,051 $1,033 to $1,263 $1,285 to $1,571 $1,543 to $1,885

Sourced from federal housing data and AffordableHousingOnline.com research.

Tiverton, RI Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 336
Total Housing Units with Rental Assistance 120
Percentage of Housing Units Occupied By Renters 23.04%
Average Renter Household Size 1.89
Average Household Size 2.20
Median Household Income $69,054 ±$5,581
Median Rent $971 ±$102
Percentage Of Renters Overburdened 40.47% ± 10.46pp
Total Population 7,407

Population and Household Demographics

Tiverton is a city in Newport County, Rhode Island with a population of 7,407. There are 3,346 households in the city with an average household size of 2.20 persons. 23.04% of households in Tiverton are renters.

Income and Rent Overburden in Tiverton

The median gross income for households in Tiverton is $69,054 a year, or $5,755 a month. The median rent for the city is $971 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Tiverton, a household making less than $3,237 a month would be considered overburdened when renting an apartment at or above the median rent. 40.47% of households who rent are overburdened in Tiverton.

Area Median Income In Tiverton

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Tiverton, the AMI is calculated from all households within Newport County.

In Tiverton, HUD calculates the Area Median Income for a family of four as $86,500

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Tiverton

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Tiverton

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30% AMI Income Limits
Renters earning up to 30% of the Tiverton AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,200 $20,800 $23,400 $26,500 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Tiverton AMI may qualify for rental assistance programs that target Very Low Income households.
$30,300 $34,600 $38,950 $43,250 $46,750 $50,200 $53,650 $57,100
80% AMI Income Limits
Renters earning up to 80% of the Tiverton AMI may qualify for rental assistance programs that target Low Income households.
$48,450 $55,400 $62,300 $69,200 $74,750 $80,300 $85,850 $91,350