Fieldstone Apartments

125 Knowlesway Extension, Narragansett, Rhode Island 02882

Contact Fieldstone Apartments

Fieldstone Apartments are located almost equidistant between Point Judith Pond and Ocean Road in the scenic beachside town of Narragansett. All of the apartments (two bedroom units only) at this Family Development were completely renovated in the spring of 2008, and include high speed internet access and cable television hook-ups. There is parking on-site, and shopping and town services are close by. Rent subsidies are available for income-qualified applicants. Professional management, including 24-hour emergency response, is provided by Preservation Housing Management (PHM).

Unit (Bd/Ba)	Ft²	Rent
Two Bedroom (2/1)	832	Call for Price

Eligibility for Fieldstone Apartments

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Narragansett but actual income limits may differ for units at Fieldstone Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
30%	$21,500	$24,600	$27,650	$30,700
50%	$35,850	$41,000	$46,100	$51,200
80%	$57,350	$65,550	$73,750	$81,900

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Narragansett but actual income limits may differ for units at Fieldstone Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$35,850	$41,000	$46,100	$51,200
Low Income (60%)	$43,020	$49,200	$55,320	$61,440

Fieldstone Apartments Details

24 two bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)

Unit Amenities

Cable Ready
Window Coverings
Carpet
Refrigerator

Nearby Amenities

Near Park

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

Low-Income Housing Tax Credit (LIHTC)

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.