FAQ

Answers to Frequently Asked Questions (FAQ).

Where is your office located?

Ferland Corporation is located in Pawtucket, Rhode Island at 558 Smithfield Avenue.  Our hours of operation are Monday through Friday, 8:00am to 4:30pm.

Do you manage vacation property?

No, Ferland Property Management, a division of Ferland Corporation, does not manage vacation properties.

Do I pay a finder's fee if I rent through you?

Ferland Corporation does not charge a finder's fee.  There is a $15.00 non-refundable application processing fee (per applicant) to apply for a Market Rent or Conventional housing unit.  There is no application processing fee to apply for a Subsidized housing unit.  Prior to move in at all properties, residents are required to pay the first month's rent and a security deposit.

What is "Market Rent or Conventional Housing"?

Market Rent or Conventional housing is a property in which the rents are determined based on the local rental market.  Applicants must meet eligibility guidelines indicated in the property's Resident Selection Criteria Policy, which can be found in the  Conventional Rental Application packet.  Residents are responsible for the full rental payment each month.

What is "Subsidized Housing"?

Subsidized Housing is the common name for any property with a Section 8 or Section 202 contract with HUD.  Residents pay 30% of their Adjusted Gross Income for rent and utilities, and HUD pays the remainder of the rent (or subsidy) directly to the landlord.

What is the contact information for a specific property?
What are the eligibility requirements for "Subsidized Housing for the Elderly / Disabled?"

These properties have a Section 8 contract with HUD and are designated for applicants in which the head of household, co-head or spouse is an elderly person (age 62 or older) or is permanently disabled AND meets the HUD income eligibility guidelines.  Properties that have adopted an "Elderly Preference" grants a preference on the waiting list when a unit becomes available to a household in which the head of household, co-head or spouse is at least sixty-two (62) years of age.

What are the eligibility requirements for "Subsidized Housing for Families?"

Some Section 8 contracts do not offer a preference for elderly or disabled applicants. These properties are commonly referred to as "Subsidized Housing for Families."  Applicants for these properties must meet the HUD income eligibility guidelines.

What is "Affordable Housing?"

Affordable Housing is a property that has mortgage restrictions that require the rents to be "Affordable."  The Affordability guidelines vary depending upon the financing of the particular property.  The rents are required to be determined in accordance with requirements of the mortgage agreement.  Applicants must meet income eligibility guidelines and must pay the full rent each month.

Rental Forms Downloads

Conventional Rental Application

Subsidized Rental Application

Subs & LIHTC Rental Application

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