Marvin Gardens I

21 Marvin St, Providence, Rhode Island 02909

Contact Marvin Gardens I

Affordable housing for the elderly.

Marvin Gardens I Apartments (MGA) are located in the historic Armory district of Providence, RI. Surrounded by 19th and early 20th century buildings, the Marvin site was integrated into the neighborhood with low profile buildings on neighborhood streets. MGA has just completed a substantial renovation which included both interior and exterior enhancements including roofing, windows, floors and in-unit cabinetry.

Applicants have to meet the Low Income Housing Tax Credit guidelines and residents pay 30% of their adjusted gross income.

Tenants receive a utility allowance and pay their own electric bills.

Eligibility for Marvin Gardens I

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 Providence but actual income limits may differ for units at Marvin Gardens I.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$21,500	$24,600	$27,650	$30,700	$35,140	$40,280	$45,420	$50,560
50%	$35,850	$41,000	$46,100	$51,200	$55,300	$59,400	$63,500	$67,600
80%	$57,350	$65,550	$73,750	$81,900	$88,500	$95,050	$101,600	$108,150

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 Providence but actual income limits may differ for units at Marvin Gardens I.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$35,850	$41,000	$46,100	$51,200	$55,300	$59,400	$63,500	$67,600

Marvin Gardens I Details

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

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.