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RIHousing is a self-supporting public agency created by the General Assembly in 1973 to provide financing to increase the supply of affordable housing for families with low or moderate incomes.
Pursuant to its enabling legislation, RIHousing is authorized to issue bonds and other obligations to fulfill its corporate purpose. In addition to its bond programs, the corporation administers the Section 8 Housing Assistance Program, the HOME Investments Partnership Program, the federal Low-Income Housing Tax Credit, as well as other state and federal programs.
The corporation supports its staff and operating expenses through bond fund earnings, federal grant administration fees and interest income. RIHousing does not receive state appropriations for its operating budget.
Learn about our environmental, social, and governance program, and how we bring those values to life with green bonds, sustainable projects, and more.View Program Details
Providence, RI – The U.S. Department of Housing and Urban Development (HUD) awarded $354,369 to Rhode Island Housing and Mortgage Finance Corporation to assist youth with a history of foster care involvement who are homeless or at risk of homelessness and families whose lack of adequate housing is the primary reason their children are in foster care. This funding, offered through HUD’s Family Unification Program (FUP), will provide 28 housing vouchers to youth and families in Rhode Island.
“Rhode Island is fortunate to have excellent and dedicated service providers working with families and youth in the state,” said HUD New England Regional Administrator Juana Matias. “HUD is proud to partner with such strong allies for this important program that will assist youth and families with housing and critical services. We look forward to our continued collaboration with Rhode Island Housing, the continuum of care, state and nonprofit partners to increase access to resources and ensure we are placing families on a path towards permanent housing.”
As part of FUP, public housing authorities (PHA) partner with public child welfare agencies (PCWAs), and Continuums of Care (CoC) to offer Housing Choice Vouchers (HCVs) to two groups:
PHAs administer the FUP in partnership with PCWAs, which are responsible for referring FUP families and youths to the PHA for the determination of eligibility for rental assistance. After the PCWA makes the referral, the PHA places the FUP applicant on its waiting list, assesses whether the family or youth meets HCV program eligibility requirements, and manages all other processes related to voucher issuance and administration.
“Ensuring every family and child has a safe and stable place to call home is a basic, core community commitment that helps give our youth the best possible chance to succeed. With these new federal housing vouchers, more Rhode Island families will be able to live together and thrive together and youth aging out of foster care will be better supported as they enter adulthood,” said Senator Jack Reed, a senior member of the Banking, Housing and Urban Affairs Committee. “I look forward to seeing these vouchers helping our most vulnerable Rhode Islanders.”
“These federal vouchers will help youth and families who have been through a difficult time get safe, supportive housing and most importantly, stay together with loved ones, as they regain their footing,” said** Senator Sheldon Whitehouse**. “Well done to RIHousing and DCYF on securing these vouchers, as this is the first time in years that Rhode Island has received them.”
“Every young person deserves a loving family and a stable home,” said Congressman Seth Magaziner. “I am excited that Rhode Island is receiving a federal Family Unification Voucher award, and am committed to working with my colleagues to ensure that all young Rhode Islanders can have a happy and safe childhood.”
“I am excited that our state has received over $350,000 in critical federal funds from the U.S. Department of Housing and Urban Development’s Family Unification Program to support our youth and families’ efforts to access more permanent and stable housing,” said Congressman Gabe Amo. “This program is vital to ensuring that families and children have the resources to remain together. I am eager to see the positive impact that these funds will have on the lives of Rhode Islanders and our critical mission to reduce and ultimately end homelessness.”
“Addressing family homelessness is a key area of focus, and through HUD’s Family Unification Program, we are providing essential support to Rhode Island’s vulnerable youth and families,” said Secretary of Housing Stefan Pryor. “This creative partnership will change lives and use resources more efficiently. We thank the collaboration of our federal partners, our congressional delegation, RIHousing, Department of Children Youth and Families, Foster Forward, Family Services of RI, and others.”
“RIHousing is proud to be an implementer and administrator of the federal Department of Housing and Urban Development’s Family Unification Program, in partnership with the state Department of Children, Youth and Families,” said Carol Ventura, CEO of RIHousing. “This program will provide crucial housing and supportive services to Rhode Island’s most vulnerable youth, ensuring families stay together. We look forward to administering and expanding this important program to provide Rhode Island youth and families with stability and opportunities for growth.”
“These FUP vouchers are critical to families and young people legally involved with DCYF who face housing instability challenges. This is a key step forward in DCYF efforts to ensure children are reunited with their parents when the only challenge is lack of housing,” said DCYF Director Ashley Deckert. “This also supports our efforts to ensure young people leaving our Voluntary Extension of Care (VEC) Program are able to continue to have a safe place to live. We appreciate the Governor and Secretary Pryor’s leadership on finding solutions to Rhode Island’s housing crisis and our ongoing partnerships with RIHousing, Family Services of RI and Foster Forward in addressing these needs.”
“A safe and affordable home is the cornerstone of stability and well-being for children and families,” said Family Service of RI CEO Margaret Holland McDuff. “These FUP vouchers are a tool to help families access a home and the support they need, so they can remain together or achieve reunification. I cannot think of more heartwarming news this holiday season! FSRI is truly excited and so thankful to HUD, RIHousing, DCYF and Foster Forward for their partnership that made this possible.”
“These federally funded vouchers are a transformational resource in our work to end homelessness for youth and families who are currently unhoused,” said Lisa Guillette, Executive Director of Foster Forward. “The vouchers make housing affordable, and our ability to couple this with comprehensive services to support their self-sufficiency strengthens our work with youth and families as well as all of our communities.”
Providence, RI – RIHousing, the principal housing finance agency (HFA) for Rhode Island for the past 50 years, received the 2023 Annual Award for Program Excellence in Management Innovation: Technology from the National Council of State Housing Agencies (NCSHA) for the submission ‘Expanding Agency Capacity Through Data Management.’ The winning entry highlighted RIHousing’s data warehouse, which has evolved into a critical resource that allows the agency to grow and improve its operations.
“It’s an honor to be recognized by a national organization that understands the hard work that HFAs are accomplishing,” said Carol Ventura, CEO of RIHousing. “Data management is a vital piece of our work and in understanding the impact we’re making across the state.”
The data warehouse server was developed by a team of IT and Research and Data Analysis professionals within the agency and is already being used throughout RIHousing’s various departments. The tool has expanded the agency’s capacities in reporting and analyses of housing insights and trends, keeping RIHousing as the leading resource for housing programs and information in the state.
“The dedicated team has been working on this system for the past couple of years,” said Ventura. “We’re proud of our accomplishments and are excited for the future updates and expansions to the server.”
The NCSHA Annual Awards for Program Excellence identify and elevate industry best practices as well as encourage continued HFA innovation. In 2023, more than 35 HFAs submitted entries to the awards program which were presented at NCSHA’s 52nd Annual Conference held in Boston in October.
Providence, RI – Today, after successfully helping more than 1,700 Rhode Islanders stay in their homes, RIHousing announced its Homeowner Assistance Fund Rhode Island (HAF-RI) program is closing to new applications.
“We’re proud to have helped many homeowners across Rhode Island keep their homes in the wake of the pandemic,” said Carol Ventura, Executive Director of RIHousing. “While our HAF-RI program is now closed to new applications, RIHousing remains committed to helping homeowners in need through other existing resources, like our HelpCenter, which provides free counseling to Rhode Islanders facing foreclosure.”
Launched on January 10, 2022, HAF-RI provided much-needed financial assistance to eligible Rhode Island homeowners who struggled to pay their mortgage and/or other housing-related expenses due to the COVID-19 pandemic. Funded via the federal Homeowner Assistance Fund that was approved as part of the American Rescue Plan Act in spring 2021, Rhode Island received $50 million in program funds. Administered by RIHousing, HAF-RI helped prevent mortgage delinquencies and defaults, foreclosures, loss of utilities and home energy services, and displacement of homeowners.
While this program is closing, Rhode Island homeowners who are currently struggling to make their mortgage payments and/or facing foreclosure have several assistance options available:
Contact a HUD-approved housing counselor such as the RIHousing HelpCenter. Dedicated housing counselors work with homeowners and their lenders to review and identify available options to avoid foreclosure. Options may include loan modifications, work-out agreements, repayment plans and/or referral to RI Legal Services. A list of HUD-approved counseling agencies is available online at: hud.gov/findacounselor. The RIHousing HelpCenter can be reached via the agency’s website at www.rihousing.com/homeowner-assistance or 401-457-1130.
Directly contact their loan servicer about opportunities to restructure their mortgage.
Contact a local Community Action Agency (CAP) about available utility assistance programs. A list of Rhode Island CAP agencies is available at: ricommunityaction.org.