RIHousing 50 years, Brining Rhode Island Home

2023 marks the 50th Anniversary of RIHousing. We are incredibly grateful to have reached this milestone.

 We are proud of the collective positive impact RIHousing has made on Rhode Island since 1973.

Our History

1973
RIHousing's office in the past
1973

RIHousing is established by the General Assembly

1987
First Mortgage: 85,000 + first-time homebuyers  become homeowners with  $8 billion  in mortgage financing
1987

First Homes mortgage program launched

Program offers a combination of low interest rates and help with up-front costs to make a first home affordable

Learn more about our first-time homebuyer loans > 

1988
1988

RIHousing administers the Low-Income Housing Tax Credit (LIHTC) program

LIHTC is the primary tool for financing the development, rehabilitation and preservation of multifamily affordable housing. Since 2005, RIHousing has used this resource to finance over 5,500 apartments throughout the state. 

Learn more about how we partner with developers to build a better Rhode Island >  

1991
1991

RIHousing begins to administer the Housing Choice Voucher Program

The federal program aims to help eligible households find safe housing. Today, RIHousing administers the program in 20+ communities.

Learn more about Housing Choice Voucher Program >

1992
RIHousing Development - 60 King street
1992

RIHousing administers the HOME Investment Partnership Program

The program provides funds to acquire and develop homes for low-income families.  

Since 2005,1,400 homes have been developed or preserved under the program. 

1996
1996

Access to Independence program is created

The RIBHDDH-funded program provides accessibility improvements in homes occupied by those with developmental disabilities.

Learn more about our Access Independence II program >

1998
1998

Housing Resource Commission (HRC) is established

Established through RI Housing Resources Agency Act passed by the General Assembly, the HRC is responsible for developing plans, policies, standards and programs and providing technical assistance for housing.

2000
16,000  PBCA Units administered to date
2000

RIHousing begins administration of Performance Based Contract Administration (PBCA).

2006
2006

RIHousing begins administration of the Continuum of Care program.

The agency acts as the Designated Collaborative Agency, overseeing its annual funding competition, processes, systems planning and policy oversight. 

Learn more >

2007
2007

Building Homes Rhode Island (BHRI) fund established

A $50 million bond establishes the Building Homes Rhode Island (BHRI) fund to build affordable homes in Rhode Island.  

2007
RIHousing Helpcenter: A safe place for home help
2007

RIHousing opens the HelpCenter

The HUD-approved counseling agency provides counseling services to Rhode Island homeowners struggling to make their mortgage payments.

Learn more >

2012
Expanded Foreclosure Prevention assistance: Don't wait. Hardest Hit Fund Rhode Island
2012

RIHousing launches the Hardest Hit Fund RI

The federally-funded assistance was designed to help eligible Rhode Islanders prevent foreclosure of their homes.

2015
2015

FirstHomes Tax Credit Program launched

The program provides qualified first-time Rhode Island homebuyers (and those buying in targeted areas of the state) with a mortgage credit certificate.

Learn more >

2015
2015

Ocean State Grad Grant program launched

The program provided up to $20,000 in down payment assistance to first-time homebuyers purchasing foreclosed homes in select RI communities.

2017
2017

RI-Refi program launched

The program assisted homeowners who owe more than the current market value of their home, by allowing qualified homeowners to refinance into a new home loan based on the home’s current market value. 

2018
$12 million +  Capital Magnet Fund awarded since 2018
2018

RIHousing administers the Capital Magnet Fund (CMF)

The Capital Magnet Fund (CMF) is used by RIHousing to support the development and preservation of affordable housing.

2020
2020

10kDPA program launched

The program provides up to $10,000 in down payment assistance to eligible first-time homebuyers in Rhode Island.

Learn more > 

2021
Arctic Mill Rendering
2021

Workforce Housing Innovation Challenge launched

The program, now known as Middle Income Housing, provides financing to developments with units for households earning between 100-120% Area Median Income. 

2021
Brookside Terrace I exterior photo
2021

ZEOS program launched

The program provides financial support and collaboration between statewide partners to solve a wide range of issues including housing, energy and other environmental issues.

Learn more about the awarded developments >

2021
RentReliefRI Logo
2021

RIHousing launches the RentReliefRI program

The federally funded program provided rental and utility assistance to tenants facing financial difficulties due to the COVID-19 pandemic. 

2022
2022

FirstGenHomeRI program launched

The program provides $25,000 grants to first-generation homeowners in several RI communities to assist with down payment or closing cost assistance.

Learn more>

2022
Homeowner Assistance Fund Rhode Island
2022

Homeowners Assistance Fund RI (HAF-RI) launched

The state-wide program provides assistance for an array of housing-related expenses to homeowners financially impacted by COVID-19. 

The program is currently accepting applications >

2023
2023

RI Statewide DPA Program launched

In partnership with the State of Rhode Island, the program provides $17,500 grants to assist eligible first-time homebuyers in Rhode Island with down payment and closing costs. 

Learn more >

RIHousing Logos Throughout Time

Different look, same mission.

Our logos changed over the past five decades, but one thing has remained the same: RIHousing’s commitment to connecting Rhode Islanders with opportunities for homeownership and choices in housing.

Join our celebration of 50 years of Bringing Rhode Island Home!