Capital Improvements and Replacement Reserve Requests
Requests for capital improvements require the prior written consent of RIHousing. Requests should outline the need for the improvements, the timetable for completion, the cost estimate for the improvements and the desired source of funding. The cost estimate should include all labor, materials, taxes and permits necessary to complete improvements.
For items in excess of $5,000, three cost estimates should be provided for an identical work scope and specification provided to each contractor. Depending on the scope and scale of the work, technical assistance may be required by RIHousing’s Design and Construction division. Upon completion and inspection, funds may be requested from the Replacement Reserve Account to reimburse the Property Operating Account.