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Learn about Projects for RIHousing, including Greenridge Commons, Burrillville, 60 King Street Olneyville, Providence, and Branch Blackstone Pawtucket/Central Falls.
Developed by NeighborWorks Blackstone River Valley, Greenridge Commons features 96 rental homes in the village of Pascoag, helping the town meet the state goal of 10% affordable housing stock. The total development cost, coupled with over 10,000 sq ft of commercial/community space, equates to $28.5 million dollars; 88% of which derived from private/equity sources.
Developed by Trinity Financial, 60 King represents the successful rehabilitation and reuse of a former industrial building into 60 units of much-needed housing across a range of income levels. With a total development cost of approx. $22.5 million, 60 King was financed with a blend of Federal Low-Income Housing Tax Credits, Federal and State Historic Tax Credits, RIHousing and City HOME funds, state and Brownfields Funding as well as construction financing.
Developed by PCF Development, this 46-unit project has breathed new life into the community with the creation of 29 new apartments and the preservation of 17 existing homes. The development includes properties located on 6 sites in Pawtucket and Central Falls. Funding sources included Low-Income Housing Tax Credits (LIHTC), which leveraged more than $9 million in private equity.
A joint venture between Gemini Housing Corporation and Coventry Housing Associates has developed 42 one-, two- and three-bedroom apartments on a former mill site. With a total development cost of $11 million, funding came from a variety of sources, including Low-Income Housing Tax Credit equity, construction and mortgage financing and state housing bond funding for the acquisition and revitalization of blighted properties.
Ashton Village provides 53 affordable rental homes in an historic mill village located along the Blackstone River bike path in Cumberland. The nine existing mill buildings which are the basis of the development were a part of approx. 25 mill worker buildings built by the Lonsdale Company in 1867 to house the workers in the adjacent Ashton Mill. With a total development cost of $14.5 million, Ashton Village was financed with a blend of Federal Low-Income Housing Tax Credits, Federal and State Historic Tax Credits, HOME funds, and state housing bond financing.
A joint effort between Women’s Development Corporation and Riverwood Mental Health Services allowed the successful redevelopment of Dean Street Studios in Providence. Using funds from the state’s Building Homes Rhode Island housing bond, as well as other federal and state resources, the development provides 51 units of supportive housing for disabled and formerly homeless individuals and clinical offices for Riverwood Mental Health Services.