38 Greene ST #6A East Greenwich, RI 02818

In accordance with Rhode Island State Law Chapter 45-53, this property is subject to a Deed Restriction on initial sale and all resales. Subsequent sales of this property shall be at price that not exceed that which is affordable to a household whose gross annual income does not exceed 80 percent of the median income (adjusted for household size) for the Metropolitan Statistical Area published from time to time by the United States Department of Housing and Urban Development and certified by the Monitoring Agent named in the Deed Restrictions. In order to be considered affordable under Rhode Island Law and HUD regulations, the total housing cost of the perspective purchaser, including mortgage principal and interest, taxes, insurance and condominium fees, if applicable, may not exceed 30% of the gross family income.

Please note: There is a balance on the "special assessment" in the amount of $1873.76 that the Buyer will assume. The Seller currently pays $156.15 per month.