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Long-term affordable rental homes developed by Operation Stand Down. Funded in part through BHRI.

Johnston at a Glance:

Johnston is a town in Providence County, Rhode Island. It was incorporated in 1759. According to the United States Census Bureau, the town has a total area of 24.4 square miles, of which 0.7 square miles is water. The neighborhoods of Thornton (which includes part of Cranston), Graniteville, Hughesdale, Morgan Mills, Manton, Simmonsville, Pocasset, West End, Belknap, and Frog City are located in Johnston. Johnston's governmental structure is composed of a five-member Town Council and a Mayor.

Housing Facts: 2011

Typical monthly housing payment* for a $155,000 house $1,345
Household income required to afford a $155,000 house $53,794
Average monthly rent for a two-bedroom apartment $1,150
Household income required for that rent to be affordable $46,000
Average private-sector wage for jobs in Johnston $41,132
Foreclosures in Johnston  
Actual number of foreclosures 94
Total number of mortgaged housing units 5,961
Foreclosures as a percentage of mortgaged stock 1.60%
Housing Units in Johnston  
Number of year-round housing units 12,381
Housing units that quality as affordable 1,007
Affordable housing units reserved for the elderly 737
Affordable housing units reserved for families 154
Affordable housing units reserved for persons with special needs 116
Homes funded through Building Homes Rhode Island 9
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 231

*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).