Affordable Housing Price Calculator

Notice

The Purchase Price Calculator is now maintained by the Executive Office of Housing and can be accessed on their website at https://housing.ri.gov/resources/developers.

Determine the maximum sales price of a deed restricted affordable home.

RIHousing provides a purchase price calculator to help determine the maximum sales price of a deed-restricted affordable home. If you are unable to access this purchase price calculator, please contact Lauren Farley at 401-429-1412 or lfarley@rihousing.com.

Instructions for using the Purchase-price Calculator

  • Select property type (non-condo or condo)
  • Choose the municipality your project is located in.
  • Under ‘Gross Monthly Income,’ insert the appropriate monthly income from the Gross Monthly Income chart  (Please note: the household size used should include one more person than the number of bedrooms (e.g.: the purchase price for a two-bedroom home should be calculated using a three-person household median income).
  • If applicable, insert the proposed monthly condo fee for the deed-restricted homes.
  • Enter the current interest rate: Click here for current Freddie Mac Primary Mortgage Market Survey 30-year fixed-rate average
  • The maximum purchase price will automatically calculate.

* The shaded content is calculated automatically based on current rates and regulations.

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Healthy Housing, Healthy Communities (H3C) Initiative

RIHousing Healthy Housing, Healthy Communities (H3C) Plan
Rhode Island Health and Housing Tool Kit
Rhode Island Health and Housing Took Kit – Appendix A-K

Are you a Newport resident?

Check whether your current residence is located within an eligible census tract.

Newport-Census-Map

Only residents of census tract 405 are eligible for the FirstGenHomeRI pilot program.

The map on the left shows the approximated eligible region.

Unsure if your address is part of the eligible region?

Type in your address below to find out (Include street #, street name, Newport, RI).

Data mapped by PolicyMap, an online GIS mapping tool.

Do you live in Central Falls, Pawtucket, Newport or East Providence?

Check whether your current residence is located within an eligible census tract for application prioritization.

Applications from residents who live in the census tract listed below are prioritized.

Central Falls 44007010900, 44007010800, 44007011100, 44007011000
Pawtucket 44007016000, 44007015300, 44007015100, 44007015200, 44007015500, 44007016600, 44007016700, 44007017000, 44007017100, 44007016100, 44007016400
Newport 44005040500, 44005041100
East Providence 44007010100, 44007010501

Type in your address below to learn if you are in the targeted area. (Include street #, street name, city, RI).