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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: 2009

Typical monthly housing payment* for a $90,000 house $634
Household income required to afford a $90,000 house $25,345
Average monthly rent for a two-bedroom apartment $902
Household income required for that rent to be affordable $36,080
Average private-sector wage for jobs in Central Falls $30,784
Housing Units in Central Falls  
Number of year-round housing units 7,264
Housing units that quality as affordable 862
Affordable housing units reserved for the elderly 632
Affordable housing units reserved for families 167
Affordable housing units reserved for persons with special needs 63
Homes funded through Building Homes Rhode Island 5
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 5.04% interest (2009 average rate) with a 5.75% down payment (which includes a 3.5% down payment and a 2.25% one-time mortgage insurance fee), property taxes (the state's average rate of $14.36 per $1,000 of the home's valuation), hazard insurance ($60/month), and monthly mortgage insurance (0.6%/month).