NeighborWorks Blackstone River Valley

  • HomeOwnership Center
  • About Us
  • Rent/Lease
  • Current Residents
  • Youth Programs
Home / Affordable Housing

Affordable Housing

Infographic from HousingWorks RI

Infographic from HousingWorks RI

Whether you rent or own, the federal government considers your housing expenses “affordable” if they comprise less than 30% of your income. At this level, you can afford food, transportation, clothing, and medical expenses. You may even have a little money left over for retirement or a child’s education.

NWBRV provides affordable rental housing and home ownership opportunities across Northern RI. We work closely with state and regional partners to dispel myths about affordable housing and develop quality, affordable homes.

What is the difference between “affordable housing” and other housing assistance programs?

Section 8 and public housing are both considered affordable housing options. However, homes do not need to be part of these assistance programs to be considered affordable.  Section 8 and public housing are federally-funded (HUD) assistance programs assisting low-income households in affording decent rentals. Affordable housing encompasses any rental or home ownership opportunity costing 30% or less than the area median income (AMI).

Do nonprofit developers, like NWBRV, pay property taxes?

NWBRV pays property taxes at the lawful local rate and consider this practice good stewardship.  Funding sources for our housing often place limits on rental rates. Because of this restriction, State Law caps our property tax rates for affordable units are at 8%. Additionally, any commercial spaces developed by the organization pay the full commercial tax rate just like any other commercial business.

For More Information

For more information about affordable housing and each of the cities and towns we serve, visit our partners at HousingWorks RI.

Search

Translate:

All About Us

  • Who We Are
    • History of NWBRV
    • Awards and Recognition
    • Our Financials
  • Mission and Vision
  • What We Do
    • Affordable Housing
    • Community Engagement
    • HomeOwnership Center
    • Property Development
  • Our Board of Directors
  • Our Team

Solar Panels lowering energy costs

green building using solar panels

Solar panels power our community room and site lighting at Marshfield Commons in North Smithfield.

See more of our green practices on Pinterest.

Contact

NeighborWorks Blackstone River Valley
719 Front Street, Suite 103
Woonsocket, Rhode Island 02895
(401) 762-0993
info@neighborworksbrv.org

Sign Up Now

Stay Connected

facebooktwitteryou-tube

Initiatives

  • Accessing Home
  • Millrace Kitchen
  • Self Help Housing
  • Woonsocket Home Repair Program

NeighborWorks Blackstone River Valley © 2025