Board Meeting

Thursday, December 16, 2021 at 9:30 am

A Meeting of the Board of Commissioners of RIHousing is scheduled for Thursday, December 16, 2021 at 9:30 a.m. 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 Board Meeting held on November 10, 2021 

  2. Chairman’s Remarks 

  3. Executive Director’s Review of Recent Activities and Trends 

  4. Firm Approval of Financing for Douglas Manor Apartments (Providence) 

  5. Firm Approval of Financing for Hardig Brook Village Apartments (Warwick) 

  6. Firm Approval of Financing for Indian Run Village Apartments (Wakefield) 

  7. Firm Approval of Financing for Chateau Clare Apartments (Woonsocket) 

  8. Firm Approval of Financing for Gatewood Apartments (North Smithfield) 

  9. Firm Approval of Second Mortgage Financing for DeAngelis Manor (West Warwick) 

  10. Approval of Prepayment for Blackstone Falls Apartments (Central Falls) 

  11. Firm Approval of Funding Awards for Zero Energy for the Ocean State (“ZEOS”) Demonstration Program 

  12. Approval of the 2022 Mortgage Credit Certificate (MCC) Program and Allocation of Private Activity Bond Authority 

  13. Action 13 available upon request

  14. Approval of Ethics Policy 

  15. Approval of Authority to Issue Homeownership Opportunity Bonds -$250,000,0000 

  16. Closed Session Pursuant to R.I. Gen. Laws § 42-46-5(a)(1) to Discuss the Job Performance and Compensation of the Executive Director 

  17. Approval of Executive Director’s Compensation 

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.”

HOW TO PARTICIPATE

  1. Call 1-866-225-4944
  2. Enter the conference ID number: 1341,
    then press #
  3. If the meeting has not started yet, you will be asked to stay on the line and will hear music until the meeting starts. If the meeting has started, you will join the meeting in progress.
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.

Do you live in Central Falls, Pawtucket, Newport or East Providence?

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

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

Type in your address below to learn if you are in the targeted area. (Include street #, street name, city, RI).