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Neighborhood Opportunities Program housing for low-wage families
Albion Place developed by Mark Kuhar. Funded in part through BHRI.

Lincoln at a Glance:

The town of Lincoln is located in Providence County, Rhode Island. Lincoln was a part of the town of Smithfield until 1871, when it was split off and named in honor of Abraham Lincoln. Lincoln's villages include Manville, Albion, Lime Rock, Londsdale, Fairlawn, Quinnville, and Saylesville. According to the United States Census Bureau, the town has a total area of 18.9 square miles, of which 0.7 square miles is water. Lincoln's governmental structure is composed of a five-member Town Council and a Town Administrator.

Housing Facts: 2011

Typical monthly housing payment* for a $222,500 house $1,829
Household income required to afford a $222,500 house $73,179
Average monthly rent for a two-bedroom apartment $1,085
Household income required for that rent to be affordable $43,400
Average private-sector wage for jobs in Lincoln $46,072
Foreclosures in Lincoln  
Actual number of foreclosures 28
Total number of mortgaged housing units 4,484
Foreclosures as a percentage of mortgaged stock 0.60%
Housing Units in Lincoln  
Number of year-round housing units 9,015
Housing units that quality as affordable 604
Affordable housing units reserved for the elderly 366
Affordable housing units reserved for families 176
Affordable housing units reserved for persons with special needs 63
Homes funded through Building Homes Rhode Island 2
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 298

*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).