60 King Street

Multifamily Housing

Property Info

60 King Street
60 King Street
3rd Floor
Providence Providence, RI 02909
(617) 398-2579

Property Info
Floor Plans
Programs
Income Limits
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60 King Street

Multifamily Housing

(Housing Choice Voucher Program (Section 8), Subsidized Housing, and Veterans Affairs Supportive Housing)

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Housing Choice Voucher Program (Section 8)

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Subsidized Housing

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Veterans Affairs Supportive Housing

The Veterans Affairs Supportive Housing Program (VASH) is a mix of housing choice voucher rental assistance and the services offered by the U.S. to the homeless veterans. The

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Last Updated: January 06, 2022

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Property Info

60 King Street

60 King Street
Providence, RI 02909

(617) 398-2579

Contracts associated with the property

Total number of active contracts associated with the property1
Total number of units across all the active contracts associated with the property20

Contract # 1RI43RDD1306
The maximum number of units available on the active contract # 12
The name of the program type for the active contract # 1811 PRA DEMO
The fiscal year quarter in which the overall active contract expires, for active contract # 131-OCT-38

Contract # 20
The maximum number of units available on the active contract # 20
The name of the program type for the active contract # 20
The fiscal year quarter in which the overall active contract expires, for active contract # 20

Total Affordable Units

Numbers below do not indicate vacancies

0 Bedroom Units
0
1 Bedroom Units
2
2 Bedroom Units
0
3 Bedroom Units
0
4 Bedroom Units
0
5 Bedroom Units
0

2 Total Assisted Units

Numbers below do not indicate vacancies

The total number of efficiencies for active contract #1
0
The total number of efficiencies for active contract #2
0
The total number of units with one bedroom for active contract #1
2
The total number of units with one bedroom for active contract #2
0
The total number of units with two bedrooms for active contract #1
0
The total number of units with two bedrooms for active contract #2
0
The total number of units with three bedrooms for active contract #1
0
The total number of units with three bedrooms for active contract #2
0
The total number of units with four bedrooms for active contract #1
0
The total number of units with four bedrooms for active contract #2
0
The total number of units with five or more bedrooms for active contract #1
0
The total number of units with five or more bedrooms for active contract #2
0

Household

Occupied units as the % of units available0
Average size of household0
Average gross household contribution towards rent per month (includes payment toward rent and utilities).0
Average federal spending per unit per month (not fully comparable across programs).0
Average total household income per year0
Average household income per person per year0
% of housholds with income below $5,000 per year.0
% of housholds with income between $5,000-$9,999 per year.0
% of housholds with income between $10,000-$14,999 per year.0
% of housholds with income between $15,000-$19,999 per year.0
% of housholds with income $20,000 or more per year.0
% of households where the majority of household income is derived from a source other than wage and welfare.0
Household income as a percent of local area median family income, as defined by HUD0
% of households with income below 50% of local area median family income0
% of households with income below 30% of local area median family income0
% with two spouses and 1 or more children under 18 years.0
% where spouse not present and 1 or more children under 18 years.0
% of households headed by a female.0
% of households headed by a female with children.0
% of households below age 62 where either household head or spouse (or cohead)has a disability.0
% of households age 62 or older where either household head or spouse (or cohead) has a disability.0
% of all persons in household with a disability.0
% 24 or less years: household head or spouse (whoever is older).0
% 25 to 50 years: household head or spouse (whoever is older).0
% 51 to 61 years: household head or spouse (whoever is older).0
% age 62 and older.0
% age 85 and older.0
% Minority.0
% Black, non-Hispanic.0
% Native American, non-Hispanic.0
% Asian or Pacific Islander, non-Hispanic.0
% Hispanic (of any race).0
Average number of months on waiting list among admissions.0
Average number of months since moved in.0
% with valid utility allowance ($1 to $1000).0
Average utility allowance among households who have it (in $ per month).0
% of reported households with 0-1 bedroom units0
% of reported households with 2 bedroom units.0
% of reported households with 3 or more bedroom units.0
% overhoused0
Minorities as % of total population in the census tract where HUD assisted0
Percent of the population below poverty level0
% of households who are owner-occupants of single-family detached0
Total Number of Children0
% of household members age 62 or older0
% of all household members below age 62 with a disability0
% of households with income below 80% of local area median family0
Median of Total Annual Income for the households served0

Please contact the management company for an application and/or vacancy information.

If the resource information above is incorrect, please notify your local HUD field office.

Multifamily Housing

The multifamily housing programs look after the overall management, development, direction, and administration of HUD Multifamily housing programs. The offices under the multifamily housing are mentioned as follows:

Deputy Assistant Secretary office
Field support and operations offices
Asset management and Portfolio oversight Offices
Recapitalization office
Multifamily production office

Let us learn about these offices at greater length in the sections mentioned below.

Office of Deputy Assistant Secretary

The office of the deputy assistant secretary is responsible for implementing the multifamily housing programs that are authorized by the National Housing Act. The main thing that the Deputy assistant secretary oversees is asset management, production, portfolio oversight, and recapitalization.

Its field operations consist of 5 Regional centers, 7 Regional Satellite offices, and asset management servicing offices worldwide. Some of the crucial activities of this office include:

Look after risk-sharing programs such as program compliance by housing finance agencies and government-sponsored enterprises.

Perform asset management & portfolio oversight of the multifamily housing projects that are developed under the Multifamily Mortgage Insurance.

It also preserves properties and checks affordability by restructuring rents and mortgages with the help of the programs.

Provides service to project-based rental subsidy programs that are operating in multifamily housing projects.

Programs

Housing Choice Voucher Program (Section 8)

HUD’s Housing Choice Voucher Program, also known as Section 8, is a government program that provides rental assistance to low-income families, elderly individuals, and persons with disabilities. The program helps eligible households afford safe and decent housing by providing vouchers that cover a portion of their rent. The vouchers are portable, which means that families can use them to rent homes in any neighborhood or city where a landlord is willing to accept them. The program aims to help families achieve economic stability and self-sufficiency by providing access to affordable housing, as well as a range of supportive services. After an eligible applicant applies, there is a waitlist that can be several months or even years depending on the location and demand for affordable housing. Housing Choice Voucher Program is a critical tool in the government’s efforts to reduce homelessness, promote economic opportunity, and ensure that every American has access to safe and affordable housing.

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Subsidized Housing

The HUD’s subsidized housing program is a government program that provides affordable housing to low-income families, elderly individuals, and those with disabilities. The program offers rental assistance to eligible residents, which helps them afford decent, safe, and sanitary housing in the private market. The program supports expanding the supply of affordable housing and provides a stable living environment for low-income households. Property owners who participate in the program receive rental subsidies from HUD, which they use to offset the cost of renting units to eligible residents. The program plays a critical role in the government’s efforts to reduce homelessness, improve access to affordable housing, and promotes fiscal opportunity for low-income individuals and families. It helps families sustain their stability, live with dignity, and access vital support services, such as healthcare and social services.

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Veterans Affairs Supportive Housing

The Veterans Affairs Supportive Housing Program (VASH) is a mix of housing choice voucher rental assistance and the services offered by the U.S. to the homeless veterans. The program provides vouchers to eligible veterans, which can be used to rent privately owned housing units. In addition to housing assistance, the program offers case management and clinical services to help veterans access healthcare, job training, and other supportive resources. The main objective of the program is to help homeless veterans to achieve stable housing and improve their overall well-being. Through its partnership with the VA, the VASH program addresses the unique needs of veterans, including those who may be struggling with mental health and substance abuse issues. This is an effort to help them successfully transition to independent living.

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Income Limits

Providence, Providence County, RI HUD Rental Assistance Income Qualifications

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 Miami but actual income limits may differ for units at Cutler Manor.