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[deleted] t1_itge7wk wrote

Reply to comment by PipeLayer2016 in Why doesn't the state build housing? by AbigailFlippinfloppn

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dc_dobbz t1_itgf5qf wrote

I don’t know the specifics of this development, but “Affordable” in gov parlance typically is “income restricted” not below market rate. You have to make below a certain amount of money to get one of the affordable units, unusually through a lottery, and then you’re guaranteed the rate you pay will no more than 30% of your income

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HistoricalDocument11 t1_itggw9j wrote

There was one of these buildings in my neighborhood with open units when I had to move last year. I made far below the maximum income for 1 person (but couldn’t afford the rent for the 1 bedroom). My roommate and I could afford the cost of splitting the 2 bedroom rent, but we make more than the maximum income for 2 people. The 30% of your income thing would make sense, but I don’t recall that being true of this income-restricted building.

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dc_dobbz t1_itgkxof wrote

I’ve worked on income-restricted developments in MA and DC, but never in RI, so maybe the system is different. But in those jurisdictions they use the HUD rules, which is what I described above.

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PipeLayer2016 t1_itgmzkh wrote

That's market rate. The affordable units are less. Look at the income guidelines on the website. They don't advertise the rental costs on the affordable units, but 1,465 would be too much for most of the incomes shown. I really want a top floor unit 2 bed 2 bath overlooking the river, but I don't think they have secured parking.

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evillordsoth t1_ith5ywb wrote

For a 875sq ft 2 bed in providence? Yeah, thats pretty affordable.

Same sq ft on mineral spring ave is 1875. Im sure it would be more on wickenden or east side

Is it adorable? Uh, maybe?

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