Submitted by AbigailFlippinfloppn t3_ybg3ci in RhodeIsland
dc_dobbz t1_itgf5qf wrote
Reply to comment by [deleted] in Why doesn't the state build housing? by AbigailFlippinfloppn
I don’t know the specifics of this development, but “Affordable” in gov parlance typically is “income restricted” not below market rate. You have to make below a certain amount of money to get one of the affordable units, unusually through a lottery, and then you’re guaranteed the rate you pay will no more than 30% of your income
HistoricalDocument11 t1_itggw9j wrote
There was one of these buildings in my neighborhood with open units when I had to move last year. I made far below the maximum income for 1 person (but couldn’t afford the rent for the 1 bedroom). My roommate and I could afford the cost of splitting the 2 bedroom rent, but we make more than the maximum income for 2 people. The 30% of your income thing would make sense, but I don’t recall that being true of this income-restricted building.
dc_dobbz t1_itgkxof wrote
I’ve worked on income-restricted developments in MA and DC, but never in RI, so maybe the system is different. But in those jurisdictions they use the HUD rules, which is what I described above.
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