Southpoint Commons

Westerly, RI

Southpoint Commons will feature 72 mixed-income rental units in two three-story apartment buildings with a community building. All the buildings will be garden-style buildings with a mix of one-bedroom, one-bath, two-bedroom, one-bath units, and three-bedroom two-bath units. Sixteen units will be income restricted to households earning at or below 30% of AMI and will have a HPF Extremely Low-Income Operating Reserve, 41 units are self-pay and income restricted to households earning at or below 60% of AMI, and 15 units are unrestricted and priced at market rate.

The 7.5-acre site will include a total of 147 surface parking spaces, a playground, and a 2,800 square foot clubhouse building. Residents will also have access to common washer and dryers, as well as the benefit of a partnership with a local YMCA and supportive services provider.

Completion: 2025

Total Development Costs: $23.9 million

Project Highlights: 72 mixed-income rental units in two three-story apartment buildings with a community building

Financing Partners: RIHousing

Financing: LIHTC, HOME

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