Lincoln Lofts is managed by Maloney Properties Inc.
Spacious one and two bedroom apartments in a beautifully designed community offering modern amenities, including a community space and onsite laundry. What's not to love!
Located in the heart of the Saylesville Historic District of Lincoln, RI. Convenient access to public transportation, State Route 122 and 126, recreation and community resources. Make Lincoln Lofts your new home today!
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | 782 | Call for Price |
2 Bedroom (2/1) | 1060 | Call for Price |
This property is currently under construction.
Construction is anticipated to begin early 2019 with a targeted completion for winter 2019.
Some of the units at this property have received funding through HUD's Section 811 Project Rental Assistance (PRA) Program. For these PRA funded units, tenants must be extremely low-income (at or below 30% of Area Median Income) and at least one adult member of the household must have a disability. The person with the disability must be eligible for community-based, long-term services as provided under the state’s plan for medical assistance under Title XIX of the Social Security Act (Medicaid), state funded services or other appropriate services defined in the written partnership agreement.
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.