Broad Street Homes
509-511 & 524 Broad Street, Central Falls, RI, 02863
Proposal to build 47 affordable apartments by converting the former police station and by constructing new 30-unit, 4-story building on Broad Street in Central Falls.
The two-part development consists of:
- 17 apartments, including one studio, 15 one-bedroom, and 1 one-bedroom apartments in the rehabilitated former police station at 509-511 Broad Street. Two first-floor apartments will be ADA compliant with off-street parking.
- A new 30-unit, 4-story apartment building will be constructed across the street at 524 Broad Street. The units will include 4 one-bedroom, 20 two-bedroom, and 6 three-bedrooms apartments. Several nearby off-site locations are being explored to accommodate parking.
- All apartments will be affordable to residents earning not more than 60% of the area’s median income. For a two-bedroom unit, the income required must be no higher than $52,260. The maximum income to qualify for a 3-bedroom apartment at 60% AMI is $60,360.
The project also includes 17 studio, one- and two-bedroom apartments in the rehabilitated former police station at 509-511 Broad Street.