About This Property
315 Park Avenue is a 71-unit residential community in Cranston, RI, with 70 units designated as low-income housing. The property serves elderly and disabled residents through a mix of 63 one-bedroom and 8 two-bedroom units. Placed in service in 2010, the community is financed through tax-exempt bonds and FHA funding and utilizes 4% LIHTC credits.
Waitlist Information
Waitlist managed by Cranston Housing Authority
The Public Housing waitlist is currently closed. Information regarding future openings is not available on the provided page.
The Housing Choice Voucher (HCV) program waitlist is currently closed. Information regarding future openings is not available on the provided page.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Providence County, RI
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,289 |
| 1 Bedroom | $1,398 |
| 2 Bedroom | $1,693 |
| 3 Bedroom | $2,047 |
| 4 Bedroom | $2,536 |
Income Limits - Providence County, RI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,200
- Very Low (50%)
- $30,300
- Low (80%)
- $48,450
- Extremely Low (30%)
- $20,800
- Very Low (50%)
- $34,600
- Low (80%)
- $55,400
- Extremely Low (30%)
- $23,400
- Very Low (50%)
- $38,950
- Low (80%)
- $62,300
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $43,250
- Low (80%)
- $69,200
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $46,750
- Low (80%)
- $74,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $50,200
- Low (80%)
- $80,300
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $53,650
- Low (80%)
- $85,850
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $57,100
- Low (80%)
- $91,350
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,200 | $30,300 | $48,450 |
| 2 Persons | $20,800 | $34,600 | $55,400 |
| 3 Persons | $23,400 | $38,950 | $62,300 |
| 4 Persons | $26,500 | $43,250 | $69,200 |
| 5 Persons | $31,040 | $46,750 | $74,750 |
| 6 Persons | $35,580 | $50,200 | $80,300 |
| 7 Persons | $40,120 | $53,650 | $85,850 |
| 8 Persons | $44,660 | $57,100 | $91,350 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Cranston, RI?+
The Fair Market Rent (FMR) for Providence County, RI is: $1289 (Studio), $1398 (1BR), $1693 (2BR), $2047 (3BR), $2536 (4BR). Actual rent at subsidized properties like 315 Park Avenue is typically 30% of household income or less.
What size apartments are available at 315 Park Avenue?+
315 Park Avenue offers the following unit types: 63 One-Bedroom, 8 Two-Bedroom units, for a total of 71 units.
Is there a waitlist for 315 Park Avenue?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What are the income limits for affordable housing in Providence County, RI?+
For a 4-person household in Providence County, RI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $43,250, Low Income (80% AMI): $69,200. These limits are set by HUD and updated annually.
Who manages 315 Park Avenue?+
315 Park Avenue is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at 315 Park Avenue?+
315 Park Avenue is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What is the price range for apartments in Cranston, RI?+
Based on Fair Market Rent for Providence County, the estimated price range is: 1-bedroom: $1398, 2-bedroom: $1693. Actual rent at 315 Park Avenue may be lower for income-eligible households.
Who is eligible to live at 315 Park Avenue?+
315 Park Avenue primarily serves elderly residents, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near 315 Park Avenue
Adelaide Apts
Providence, RI
36 UnitsBarbara Jordan I
Providence, RI
193 UnitsBarbara Jordan I
Providence, RI
193 UnitsPark West (Charlesgate Park)
Providence, RI
100 UnitsColony House
Providence, RI
101 UnitsCranston Commons East
Cranston, RI
19 Units