Affordable Housing In Woonsocket
Providence County, Rhode Island

31 Low Income Apartment Communities In Woonsocket

Blackstone Terrace

182 Cumberland Street
Woonsocket, RI
Income Based
1-4 BR
Subsidized

Constitution Hill IV

719 Front St
Woonsocket, RI
$525-874
Studio-4 BR
HCV Welcome

St. Ann's Apartment

114-120 Gaulin Ave
Woonsocket, RI
Income Based
1-3 BR
HCV Welcome

Walnut Hill Apartments

2305 Diamond Hill Rd
Woonsocket, RI
Subsidized

Mt Vernon Temple North Apartments

939 Bernon St
Woonsocket, RI
Subsidized

Chateau Clare Apartments

16 Greene Street
Woonsocket, RI
Subsidized

Blackstone Apartments

23 Clinton St
Woonsocket, RI
Subsidized

Willow House

444 Willow St
Woonsocket, RI
Accessible
Disabled Supportive Housing
Subsidized

Plaza Village

180 Village Rd
Woonsocket, RI
Subsidized

Hanora Lippitt Mills Apartments

1 Main St
Woonsocket, RI
Subsidized

Housing Authorities that serve Woonsocket

Housing Authority Programs
Woonsocket Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Rhode Island Housing Choice Voucher Program Centralized Wait List Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Woonsocket, Rhode Island

According to federal housing data and AffordableHousingOnline.com research, there are 31 low income housing apartment communities offering 2,911 affordable apartments for rent in Woonsocket, Rhode Island. Woonsocket features 2,579 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 332 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Woonsocket.

Woonsocket, RI Affordable Housing Snapshot

Total Affordable Apartment Properties 31
Total Low Income Apartments 2,911
Total Housing Units with Rental Assistance 2,579
Percentage of Housing Units Occupied By Renters 61.66%
Average Renter Household Size 2.25
Average Household Size 2.33
Median Household Income $36,420 ±$2,028
Median Rent $821 ±$16
Percentage Of Renters Overburdened 45.11% ± 3.84pp
Total Population 41,213

Population and Household Demographics

Woonsocket is a City in Providence County, Rhode Island with a population of 41,213. There are 17,324 households in the city with an average household size of 2.33 persons. 61.66% of households in Woonsocket are renters.

Income and Rent Overburden in Woonsocket

The median gross income for households in Woonsocket is $36,420 a year, or $3,035 a month. The median rent for the city is $821 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Woonsocket, a household making less than $2,737 a month would be considered overburdened when renting an apartment at or above the median rent. 45.11% of households who rent are overburdened in Woonsocket.1

Area Median Income In Woonsocket

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 Woonsocket, the AMI is calculated from all households within Providence County.

In Woonsocket, HUD calculates the Area Median Income for a family of four as $81,900

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 Woonsocket

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 Woonsocket HUD Rental Assistance in Woonsocket

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $17,200 $19,650 $22,100 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $28,700 $32,800 $36,900 $40,950 $44,250 $47,550 $50,800 $54,100
80% of Median $45,850 $52,400 $58,950 $65,500 $70,750 $76,000 $81,250 $86,500
Low Income Housing Tax Credits in Woonsocket

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1990 to 2012, 17 low income apartment communities containing 1,078 rental apartments have been constructed and made affordable to low income persons in Woonsocket by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Woonsocket

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

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Woonsocket is $44,280 a year, or $3,690 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,690 by 30% to get a maximum rent of $1,107 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $718 $769 $923 $1,065 $1,189 $1,311
60% $861 $923 $1,107 $1,278 $1,427 $1,574
Fair Market Rents in Woonsocket

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$794 $898 $1,075 $1,340 $1,591