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Long-term affordable rental homes developed by REACH, Inc. Funded in part through BHRI.
Permanent Supportive Housing
Permanent Supportive Housing

Central Falls at a Glance:

The city of Central Falls was incorporated in 1730 as a town, then in 1895 as a city. It is located in Providence County. It covers 1.3 square miles, 0.1 of which is water. Central Falls is Rhode Island’s smallest, yet most densely populated city. Central Falls’ governmental structure is composed of a five-member City Council and a Mayor.

Housing Facts: 2011

Typical monthly housing payment* for a $76,001 house $693
Household income required to afford a $76,001 house $27,726
Average monthly rent for a two-bedroom apartment $849
Household income required for that rent to be affordable $33,960
Average private-sector wage for jobs in Central Falls $33,020
Foreclosures in Central Falls  
Actual number of foreclosures 43
Total number of mortgaged housing units 1,157
Foreclosures as a percentage of mortgaged stock 3.70%
Housing Units in Central Falls  
Number of year-round housing units 7,473
Housing units that quality as affordable 859
Affordable housing units reserved for the elderly 632
Affordable housing units reserved for families 180
Affordable housing units reserved for persons with special needs 47
Homes funded through Building Homes Rhode Island 16
How much housing is needed?  
Additional housing units necessary to meet the 10% threshold established by the State's Low and Moderate Income Housing Act of 2004 0

*Calculated using a 30-year mortgage at 4.45% interest (2011 average rate) with a 3.5% down payment, property taxes (the state's median rate of $17.95 per the $1000 of the home's valuation), hazard insurance ($100/month), monthly mortgage insurance (1.25%/month).