Newport Comprehensive Land Use Plan - Existing Conditions | Page 75

5 Housing

Development
Name

Owner

Taxes as
Tax
Tax
Annual
Assess- Assessed
% of
Estimate Estimate Taxes Per
Potential ment in
Value Per
Potential at Res
at Com Affordable
Taxes
Units
Rent
thousands
Unit
Assessed
Rent
Rate
Rate
Apartment

Housing
Festival Field
Friendship
Street
Rolling Green
Village
Chapel Manor

Chapel Terrace

Coddington
Manor
Deblois Street

Donovan
Manor
Earl Avenue

Edgar Court

Park Holm

Pond Avenue

FF Apartments
LLC
Church
Community
Housing
Rolling
Green
Associates
Housing
Authority
of
Newport
Housing
Authority
of
Newport
Housing
Authority
of
Newport
Housing
Authority
of
Newport
Housing
Authority
of
Newport
Housing
Authority
of
Newport
Housing
Authority
of
Newport
Housing
Authority
of
Newport
Housing
Authority
of
Newport

202

$2,933,592

$11,832

$58,573

$192,028

6.55%

1

$28,116

$286

$285,900

$3,348

11.91%

201

$6,777

$33,714

$109,984

24

$14,750

68

$8,468

36

$3,421

8

$480

85

Com-bined
with Chapel
Manor

20

2,759

37

3,279

258

32,321

39

3,128

$192,028

$3,348

$950.64

$3,347.89

$109,984

$5,47.19

Light Blue — Tax stabilization agreement already in place
Light Green — Expired deed restrictions, not eligible for 8% cap
Light Orange — Owned by Housing Authority of Newport, payment in lieu of taxes agreement in place with City of Newport

Draft Existing Conditions (March 2016)

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