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Blackstone Valley Gateway developed by Pawtucket Citizens Development Corporation. Funded in part through BHRI.
Callaghan Gardens developed by Pawtucket Citizens Development Corporation. Funded in part through BHRI.
Blackstone Valley Gateway developed by Pawtucket Citizens Development Corporation. Funded in part through BHRI.
Foreclosed property before and after. Developed by Pawtucket Citizens Development Corporation. Funded in part through BHRI.

Pawtucket at a Glance:

The city of Pawtucket is located in Providence County, Rhode Island. It is the fourth largest city in the state. It was founded as a town in 1671, and incorporated as a city in 1886. According to the United States Census Bureau, the city has a total area of 9.0 square miles, of which 0.3 square miles is water. Pawtucket's governmental structure is composed of a Mayor and a nine-member City Council, consisting ofthree Councilors-at-Large and six Disrict Councilors.

Housing Facts: 2011

Typical monthly housing payment* for a $129,950 house $1,068
Household income required to afford a $129,950 house $42,727
Average monthly rent for a two-bedroom apartment $990
Household income required for that rent to be affordable $39,600
Average private-sector wage for jobs in Pawtucket $41,652
Foreclosures in Pawtucket  
Actual number of foreclosures 168
Total number of mortgaged housing units 9,152
Foreclosures as a percentage of mortgaged stock 1.80%
Housing Units in Pawtucket  
Number of year-round housing units 31,979
Housing units that quality as affordable 2,758
Affordable housing units reserved for the elderly 1,351
Affordable housing units reserved for families 1,195
Affordable housing units reserved for persons with special needs 212
Homes funded through Building Homes Rhode Island 62
How much housing is needed?  
Additional housing units necessary to meet the 10% threshold established by the State's Low and Moderate Income Housing Act of 2004 440

*Calculated using a 30-year mortgage at 4.45% interest (2011 average rate) with a 3.5% down payment, property taxes (the state's median rate of $17.95 per the $1000 of the home's valuation), hazard insurance ($100/month), monthly mortgage insurance (1.25%/month).