60 KING STREET Olneyville, Providence

Developed by Trinity Financial, 60 King represents the successful rehabilitation and adaptive reuse of a former industrial building into 60 units of housing across a range of income levels. Within the development, 54 units are affordable for families between 30% to 60% area median income (AMI) and 6 units are market rate. The rehabilitation of this historic property was part of a larger initiative to revitalize the Olneyville neighborhood in Providence titled the Build Olneyville Plan, which invested in many areas including much needed housing. Funding for 60 King came from multiple sources including 4% and 9% Low-Income Housing Tax Credits (LIHTCS), Federal and State Historic Tax Credits, RIHousing and City of Providence HOME funds, State Preservation and Production Program Funds, RIDEM Brownfields Remediation Funding, City of Providence HOME funds, and RI LISC funds.

Photos: Gretchen Ertl Photography