Search

All News & Events

rss

News & Events

News & Event

NK Standard Times: Planning commission supports affordable housing amendment

on September 27, 2018 in All News, North Kingstown by Amy Cola

ALEX TRUBIA | Sep 21, 2018 

atrubia@ricentral.com

NORTH KINGSTOWN – The planning commission voted to recommend the town council amend the town’s affordable housing ordinance and modify the area median income (AMI) threshold in the North Kingstown town ordinance to align with the state’s AMI, which is 120 percent AMI. The town’s affordable housing designation is currently 80 percent AMI. 

For a two-bedroom home, 120 percent AMI would be around $280,000 for the purchase price; for a three-bedroom home, 120 percent would be around $312,000. Under the current affordable housing designation of 80 percent AMI, a two bedroom home purchase price is around $181,000; while a three bedroom home is $203,000. 

Affordable housing indicates residential housing that has a sales price or rental amount within the means of a household that has moderate income or less. In the case of dwelling units for sale, housing that is affordable indicates housing in which principal, interest and taxes, which may be adjusted by state and local programs for property tax relief and insurance, constitute no more than 30 percent of the gross household income for a household with less than 120 percent AMI, adjusted for family size. 

Related Articles

  • NLIHC: Leading National Orgs in Education, Civil Rights, Healthcare and More Join in a Campaign to Increase Affordable Housing Across America

    The Opportunity Starts at Home campaign launched today at the National Low Income Housing Coalition’s (NLIHC’s) Housing Policy Forum in Washington, DC. With financial support from the Funders for Housing and Opportunity, NLIHC launched this new multi-sector affordable homes campaign together with the Center on Budget and Policy Priorities, Children’s HealthWatch, Make Room, and the National Alliance to End Homelessness, and with a steering committee that includes Catholic Charities USA, Children’s Defense Fund, Community Catalyst, Food Research and Action Center, NAACP, National Alliance on Mental Illness, National Association of Community Health Centers, National Education Association, and UnidosUS.

  • The Block Island Times: Housing Board looking ahead

    Pleased by the favorable reception the Planning Board gave the Cherry Hill Lane affordable housing development on May 9, the members of the Block Island Housing Board turned toward implementing that project and others at their May 15 meeting.

  • Governor's Office: Governor McKee, RIHousing Announce Historic $80M Investment for Affordable Housing Across Rhode Island

    Governor McKee, RIHousing Announce Historic $80M Investment for Affordable Housing Across Rhode Island

  • Office of Senator Jack Reed: After Delivering Federal Affordable Housing Funds, Reed Calls for Action to Help Build More Homes That RIers Can Afford

    After Delivering Federal Affordable Housing Funds, Reed Calls for Action to Help Build More Homes That RIers Can Afford

  • WhatsUpNewp: HousingWorks Fact Book provides data as conversation shifts to economic benefits of affordable housing

    Businesses and communities benefit when there’s adequate affordable housing for moderate- and low-income individuals and families, a message that affordable housing advocates believe will begin to get those who typically have ignored the issue, to begin taking it seriously.

  • Rhode Island Alliance for Healthy Housing: NELCC Conference

    New England Lead Conference Wednesday, November 1, 2017 Nashua Courtyard Marriott and Event Center 2200 Southwood Drive, Nashua, NH


Comments are closed.
2142 Views
Tagged With:

Stay in the loop by subscribing to our newsletter!

Newsletter Sign Up

Contact Us

401.276.4806
Email Us
Newsletter Sign Up

Visit

One Empire Plaza
Providence, RI 02903
Directions

RI Alliance for Healthy Homes

A project of
HousingWorks RI