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 Cranston Housing Authority operates public housing for elderly and disabled residents; pre-applications are accepted at the program level, and declining two invitations will purge an application from the waitlist.
Selected applicants were placed on the waiting list by random lottery, by order of preferences; preferences have not been confirmed; maximum income limits apply.
Waitlist data provided by section8waitlist.org
Updated October 18, 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 |
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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.
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 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.
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.
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.
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.
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