The majority of rental housing that is produced in Rhode Island is skewed toward higher priced units, with 50% of rental units priced above $1,600 per month. This price point is just too high when compared to Rhode Islanders’ wages. That’s why RIHousing works closely with the for and non-profit developer community to provide a variety of financing options to build or preserve rental homes that Rhode Islanders can afford.

In 2019, RIHousing awarded $145 million in funding for housing development and preservation, which will support 961 jobs and help families access quality, affordable homes throughout the state. Funded developments represent a diverse range of properties located in rural, suburban and urban communities across the state. When constructed, these developments will provide affordable apartments to families, seniors and those with special needs.