Supporting development and long-term affordability across Rhode Island.
RIHousing works with developers, municipalities, and community partners to expand and preserve affordable housing across Rhode Island. By providing financing, technical support, and long-term oversight, we help create developments that strengthen neighborhoods, meet local needs, and ensure lasting affordability for Rhode Islanders.
The Developer’s Handbook provides an overview of available funding programs and their terms. Explore all funding opportunities and program details on the Developer’s Handbook page.
Financing with fixed or floating rates for land development or rehabilitation of existing buildings for rental or homeownership.
Tax-exempt and taxable first-mortgage financing available for construction and permanent financing for mixed-income projects at terms of up to 40 years.
Low-interest loans for construction or rehabilitation of affordable homes, provided that matching funds are available.
LIHTCs are the principal federal program for the construction and rehabilitation of affordable homes.
Financing to purchase or refinance existing affordable housing in exchange for extending the affordability restrictions beyond the term of the original HAP contract.
Primary program for financing the construction and rehabilitation of affordable apartments. The program offers..
Provides rental assistance to affordable housing developments financed with governmental funding sources.
Capital Magnet Fund Preservation and Production Program – Term Sheet
Provides funding to build or renovate affordable Zero Energy Building (ZEB) homes, where each building produces as…
Primary program for financing the construction and rehabilitation of affordable apartments. The program offers financial incentives to preserve, develop, construct, produce or rehabilitate housing developments and combines many of our financing vehicles into ‘one-stop shopping’ for financing affordable homes. The apartments must be affordable to households earning no more than 60 percent of HUD’s median family income.
Financing with fixed or floating rates for land development or rehabilitation of existing buildings for rental or homeownership. For rental development transactions, we also offer a conversion option, which includes long-term, fixed-rate permanent financing. Using a variety of options, including taxable or tax exempt bond financing, conduit bond financing or lender participants, we can customize a financial structure to meet the goals of your development.
Check whether your current residence is located within an eligible census tract.
Only residents of census tract 405 are eligible for the FirstGenHomeRI pilot program.
The map on the left shows the approximated eligible region.
Unsure if your address is part of the eligible region?
Type in your address below to find out (Include street #, street name, Newport, RI).
Check whether your current residence is located within an eligible census tract for application prioritization.
Applications from residents who live in the census tract listed below are prioritized.
| Central Falls | 44007010900, 44007010800, 44007011100, 44007011000 |
| Pawtucket | 44007016000, 44007015300, 44007015100, 44007015200, 44007015500, 44007016600, 44007016700, 44007017000, 44007017100, 44007016100, 44007016400 |
| Newport | 44005040500, 44005041100 |
| East Providence | 44007010100, 44007010501 |
Type in your address below to learn if you are in the targeted area. (Include street #, street name, city, RI).