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Long-term affordable homes developed by BIED, Inc. Funded in part through BHRI.

New Shoreham at a Glance:

New Shoreham is the town located on Block Island in Washington County, Rhode Island. According to the United States Census Bureau, the town has a total area of 109.5 square miles, of which 99.8 square miles is water. It was established in 1664 and incorporated by Home Rule Charter on October 30, 1672. New Shoreham's government is composed of a Town Council and a Town Manager. The Town Council is comprised of a First Warden, Second Warden and three Town Councilors, elected each even numbered year for a two-year term.

Housing Facts: 2013

Typical monthly housing payment* for a $1,100,000 house $6,960
Household income required to afford a $1,100,000 house $278,406
Average monthly rent for a two-bedroom apartment $1,154
Household income required for that rent to be affordable $46,160
Average private-sector wage for jobs in New Shoreham $34,008
Foreclosures in New Shoreham  
Actual number of foreclosures 0
Total number of mortgaged housing units 290
Foreclosures as a percentage of mortgaged stock 0.00%
Housing Units in New Shoreham  
Number of year-round housing units 555
Housing units that quality as affordable 57
Affordable housing units reserved for the elderly 0
Affordable housing units reserved for families 57
Affordable housing units reserved for persons with special needs 0
Homes funded through Building Homes Rhode Island 11
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