Credit Committee Meeting

Wednesday, June 11, 2025 at 9:30 am

A Meeting of the Credit Committee of the Board of Commissioners of RIHousing has been scheduled for Wednesday, June 11, 2025 at 9:30 am.

The meeting will be held at the main office of the Corporation, 44 Washington Street, Providence, RI 02903, Conference Boardroom. The meeting can also be accessed by interested members of the public via telephone conference call.

Agenda

  1. Approval of Minutes of the Credit Committee Meeting held on May 7, 2025
  2. Recommendation for Firm Approval of Reservation of Low-Income Housing Tax Credits (LIHTC) and Financing for Omni Newark Apartments (Providence)
  3. Recommendation for Firm Approval of Financing for Park Holm V (Newport)
  4. Recommendation for Firm Approval of Second Mortgage Financing for Mount Hope Court Apartments (Providence)
  5. Recommendation for Approval of Transfer of Physical Assets (TPA) for Mount Hope Court Apartments (Providence)
  6. Recommendation for Approval of Transfer of Physical Assets (TPA) for Babcock Village Apartments (Westerly)
  7. Recommendation for Approval of Transfer of Physical Assets (TPA) Cathedral Square II Apartments (Providence)
  8. Recommendation for Approval of Transfer of Physical Assets (TPA) for Harris House Apartments (Cranston)
  9. Recommendation for Approval of Transfer of Physical Assets (TPA) for Marvin Gardens Apartments (Providence)
  10. Recommendation for Approval of Transfer of Physical Assets (TPA) for Greenwood Terrace Apartments (Warwick)
  11. Approval of Fund Transfer for the Preservation Loan Program
    a. ATT. A
  12. Recommendation for Approval of Proposed 2026 Qualified Allocation Plan (QAP)
    a. ATT. A
  13.  Discussion:
    a. Pipeline Report

Pursuant to the Open Meeting Law, any additional items added to the agenda by a majority vote of the members shall be for “informational purposes only and may not be voted on except where necessary to address an unexpected occurrence that requires immediate action to protect the public or to refer the matter to an appropriate committee or to another body or official.”

Credit Committee Meeting: June 11, 2025

Credit-Committee-Meeting-6-11-2025 for 40174
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If you would like to participate and require reasonable accommodations, please contact Rhode Island Relay 711 or call Marilena DiCristofano at RIHousing at 401-457-1135 or mdicristofano@rihousing.com.

Rhode Island Housing Subsidiary Corporations and Affiliates

Rhode Island Housing Subsidiary Corporations

  • Rhode Island Housing Development Corporation (occasionally LLCs are established with the Development Corporation as sole general partner on multifamily properties that RIHousing has taken over.)
  • Rhode Island Housing Equity Corporation
  • Rhode Island Housing Equity Pool II, L.P.
  • Rhode Island Housing Equity Pool, L.P.
  • University Heights Housing Corporation

Rhode Island Housing Affiliates

  • Affordable Housing Trust

These are not RIHousing entities, but we have a general partner capacity in each:

  • Ashley Estates Limited Partnership – RIH Equity Corp. is general partner
  • Erik Estates Limited Partnership – RIH Equity Corp. is general partner
  • Mohican Limited Partnership – RIHDC is general partner
  • Phebe Street Associates, L.P. – RIHDC is general partner
  • University Heights Apartments, L.P. – University Heights Housing is general partner

Mission Statement

RIHousing strives to ensure that all people who live or work in Rhode Island can afford a healthy, attractive home that meets their needs. A good home provides the foundation upon which individuals and families thrive, children learn and grow, and communities prosper.

To achieve our mission we:

  • Offer fair, affordable and innovative lending programs.
  • Provide housing related education to consumers and others.
  • Promote and finance sensible development that builds healthy, vibrant communities.
  • Provide housing grants and subsidies to Rhode Islanders with the greatest need.
  • Team up with partners to improve everything we do

RIHousing uses all of its resources to provide low-interest loans, grants, education and assistance to help Rhode Islanders find, rent, buy, build and keep a good home. Created by the General Assembly in 1973, RIHousing is a privately funded public purpose corporation.

Healthy Housing, Healthy Communities (H3C) Initiative

RIHousing Healthy Housing, Healthy Communities (H3C) Plan
Rhode Island Health and Housing Tool Kit
Rhode Island Health and Housing Took Kit – Appendix A-K

Are you a Newport resident?

Check whether your current residence is located within an eligible census tract.

Newport-Census-Map

Only residents of census tract 405 are eligible for the FirstGenHomeRI pilot program.

The map on the left shows the approximated eligible region.

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Data mapped by PolicyMap, an online GIS mapping tool.

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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

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