About This Property
Gatewood Apts is a 60-unit residential community in North Smithfield that has served elderly and disabled residents since 2010. The property includes 58 low-income units with a mix of 56 one-bedroom and four two-bedroom apartments. Funding includes tax-exempt bonds and FHA financing, with the property utilizing 4% Low-Income Housing Tax Credits.
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
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 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in North Smithfield, 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 Gatewood Apts is typically 30% of household income or less.
What size apartments are available at Gatewood Apts?+
Gatewood Apts offers the following unit types: 56 One-Bedroom, 4 Two-Bedroom units, for a total of 60 units.
Who is eligible to live at Gatewood Apts?+
Gatewood Apts 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.
What is the HUD inspection score for Gatewood Apts?+
Gatewood Apts has a HUD inspection score of 97 out of 100, which is considered excellent. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
Who manages Gatewood Apts?+
Gatewood Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in North Smithfield, RI?+
Based on Fair Market Rent for Providence County, the estimated price range is: 1-bedroom: $1398, 2-bedroom: $1693. Actual rent at Gatewood Apts may be lower for income-eligible households.
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.
How do I apply for housing at Gatewood Apts?+
Gatewood Apts 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.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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