Bourne Mills

1 Mill St, Tiverton, Rhode Island 02878

Bourne Mill has passed into history, transformed from an historic Cotton Mill to an upscale apartment community offering a chic, contemporary lifestyle. These distinctive apartment homes mix materials in creative and unexpected ways, adding visual interest with arched doorways, high ceilings & expansive historic windows.

This new classic takes shape boasting features such as original hardwood and new bamboo flooring, fine cabinetry, tile baths and a sleek appliance package. Those who enjoy an active lifestyle will feel right at home with the fully equipped gym, community room with billiards table, reading room and the great outdoors. The private courtyard is yours to enjoy along with a pet park area and spectacular views of Cook Pond.

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom Townhouse (1/1) 603 Call for Price
1 Bed (1/1) 614-868 Call for Price
Loft (1/1) 672 Call for Price
2 Bedroom Interior (2/2) 1058 Call for Price
2 Bedroom Interior (2/2) 1123 Call for Price
2 Bedroom Townhouse (2/2) 751-819 Call for Price
2 Loft (2/1) 941 Call for Price
1 Bedroom and Loft (2/1) 979 Call for Price
2 Bed Exterior (2/1) 997-1065 Call for Price
2 Bedroom and Loft (3/2) 1140 Call for Price

Bourne Mills Details

  • 166 1, 2 and 3 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Community Room
  • On-Site Manager
  • 24hr Emergency Maintenance
  • Smoke Free
  • Pet Friendly
  • Pool Table

Unit Amenities

  • Central Air
  • Cable & Internet Ready

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.

Tiverton 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 Tiverton but actual income limits may differ for units at Bourne Mills.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $33,850 $38,700 $43,550 $48,350 $52,250 $56,100 $60,000 $63,850
Low Income (60%) $40,620 $46,440 $52,260 $58,020 $62,700 $67,320 $72,000 $76,620

Bourne Mills is managed by Peabody Properties, Inc..

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