|
|
7/27/2008 5:02:17 AM |
What is "Affordable Housing"? Affordable Housing is housing that does not have a contract with HUD for a subsidy, but have mortgage restrictions that require the rents to be "Affordable". The Affordability guidelines vary depending upon the financing of the property, but the rents are required to be determined in accordance with requirements of the mortgaging company. In Rhode Island that mortgaging company is the Rhode Island Housing and Mortgage Finance Corporation. Applicants must meet income eligibility guidelines and must pay the full rent each month. Where is your office located? Ferland Property Management is located in Smithfield, Rhode Island at 85 Douglas Pike. Our hours are Monday through Friday, 8 to 5. How do I file a noise complaint? You can call your local property manager. To view a list of property managers, click on Resident Services. Do you manage vacation property No, Ferland does not manage any vacation property. Do I pay a finder's fee if I rent through you? Ferland does not charge a finder's fee. We ask for only your first month's rent and a security deposit. What is Subsidized Housing? Subsidized Housing is the common name for any property with a Section 8 or Section 202 Contract with HUD. Residents pay 30% of their adjusted Gross Income for rent and utilities, and HUD pays the rest of the rent (or subsidy) directly to the landlord What are the eligibility requirements for "Subsidized Housing for the Elderly"? There are two types of "Elderly Housing" in the Ferland Property Management portfolio. The first type is "Elderly Section 8" properties. These properties have Section 8 contracts with HUD that give a preference to households where the head of the household or the spouse is either elderly (age 62 or older) persons or who are permanently disabled AND meet the HUD income eligibility guidelines. The second type is"Elderly Section 202" properties. These properties can only accept households where the head of household or spouse is age 62 or older AND meet the HUD income eligibility guidelines. "The Governor" is a Section 202 Elderly property. What are the eligibility requirements for "Subsidized Housing for Families"? Some Section 8 Contracts do not have a preference for elderly or disabled applicants. These properties are commonly referred to as "Family Section 8 Developments". Applicants for these properties must meet the HUD income eligibility guidelines. En Español Return to Ferland Home |
|
© 1999-2004
Ferland Corporation | 401.233.8900 | 401.233.8930 (fax) | info@ferlandmgt.com |
