Credit Committee Meeting

Wednesday, May 10, 2023 at 9:30 am

A Meeting of the Credit Committee of the Board of Commissioners of RIHousing has been scheduled for Wednesday, May 10, 2023 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 the Minutes of the Credit Committee Meeting held on April 12, 2023
  2. Recommendation for Approval of Reservation of Low Income-Housing Tax Credits (LIHTC) and Preliminary Approval of Financing for Central Street Development (Pawtucket and Central Falls)
  3. Recommendation for Approval of Reservation of Low-Income Housing Tax Credits (LIHTC) and Preliminary Approval of Financing for Rosebrook Commons (Middletown)
  4. Recommendation for Approval of Reservation of Low-Income Housing Tax Credits (LIHTC) and Preliminary Approval of Financing for Southpoint Commons (Westerly)
  5. Recommendation for Preliminary Approval for Financing for Reynolds Farm Senior Housing II (North Kingstown)
  6. Recommendation for Preliminary Approval of Financing for Broad Street Homes (Central Falls)
  7. Recommendation for Preliminary Approval of Financing for Ade Bethune House (Portsmouth)
  8. Recommendation for Preliminary Approval of Financing for Potters Tigrai Apartments (Providence)
  9. Recommendation for Preliminary Approval of Financing for The Avenue (Providence)
  10. Recommendation for Preliminary Approval of Financing for Summer Street Apartments (Providence)
  11. Recommendation for Preliminary Approval of Financing for Lockwood Plaza Phase I (Providence)
  12. Recommendation for Firm Approval of Financing for Copley Chambers II & III (Providence)
  13. Recommendation for Authorization to Issue Tax-Exempt Loan to Support Construction of Copley Chambers II & III $23,000,000 (Providence)
  14. Recommendation for Approval of Development of Affordable Housing 2 Program (DAH-2) Funding Awards
  15. Recommendation for Approval of Middle Income Program Funding Awards
  16. Recommendation for Approval of Community Revitalization Program (CRP) Funding Awards
  17. Recommendation for Approval of Capital Magnet Fund Awards
  18. Recommendation for Approval of Housing Production Fund Extremely Low-Income Operating Reserve (HPF-ELI) Awards
  19. Recommendation for Approval of ARPA Predevelopment Program (APP)
  20.  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: May 10, 2023

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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.

Unsure if your address is part of the eligible region?

Type in your address below to find out (Include street #, street name, Newport, RI).

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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