DEVELOPER’S HANDBOOK
The Developer’s Handbook is the guide to submitting a request for financing the construction, acquisition or restoration of apartments to help ensure that all Rhode Islanders can afford a safe, healthy home. Priority will be given to proposals that revitalize neighborhoods with aging housing stock, serve families or build apartments in areas where affordable rental homes are hard to find. Proposals must serve households earning no more than 60 percent of area median family income.
To view the Developer’s Handbook, see the links below. You may save or download the first ten sections of the handbook as PDFs. Section 11 is an Excel file with multiple tabs.
Introduction & Table of Contents (PDF)
Section 2: Funding Process (PDF)
Section 3: Underwriting Guidelines and Development Standards (PDF)
Section 4: Management And Insurance Guidelines (PDF)
Section 5: Preservation Program (PDF)
Section 6: Application and Certifications (PDF)
- LIHTC Application Checklist (Fillable Word)
- LIHTC Certifications – Certification & Authorization (Fillable Word)
- LIHTC Application Self Scoring Sheet (Excel)
Section 7: 2025 Qualified Allocation Plan (PDF)
Section 8: Low Income Housing Tax Credit Compliance Manual (PDF)
Section 9: Program Bulletins (PDF)
Section 10: Statistical Data and Forms (PDF)
- Proforma – XLSM, Windows – v12.1
- Proforma (non-LIHTC deals) – XLSM, Windows – v12.1
- Proforma (Homeownership) – XLSM, Windows – v1e
- Risk Share Underwriting Guidelines (PDF)
- Mixed-Income Rental Program Term Sheet (PDF)
- Preservation Program Term Sheet (PDF)
- Bridge Loan Term Sheet (PDF)
- Taxable Refinance Term Sheet (PDF)
- Conduit Lending Term Sheet (PDF)
- RIHousing Preservation Loan Fund Term Sheet (PDF)
- Capital Magnet Fund Program Term Sheet (PDF)
- Hybrid LIHTC Transaction Financing Requirements (PDF)
- Average Income Test Policy (PDF)
- Tax Exempt Bond Requirements (PDF)
- Naturally Occurring Affordable Housing Program (PDF)
- Turnkey Affordable Homeownership (PDF)
Section 13: Cost Certification
- Cost Certification Template (Word)
- Proforma Pages – Development Costs Template (Excel)
- Exhibit A – Allocation Type Template (Excel)
- Exhibit B – Unit Distribution Template (Excel)
Section 14: Assisted Living (PDF)
Appendix:
CONTACT
Anne Berman
401-457-1269
aberman@rihousing.com
