Meeting of the Board of Commissioners

Monday, June 30, 2025 @ 9:30 a.m.

A Meeting of the Board of Commissioners of RIHousing is scheduled for Monday, June 30, 2025 @ 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 May 15, 2025
  2. Chairwoman’s Remarks
  3. Presentation of 5 Year Production Plan
  4. Firm Approval of Reservation of Low-Income Housing Tax Credits (LIHTC) and Financing for Omni Newark Apartments (Providence)
  5. Firm Approval of Financing for Park Holm V (Newport)
  6. Firm Approval of Second Mortgage Financing for Mount Hope Court Apartments (Providence)
  7. Approval of Transfer of Physical Assets (TPA) for Mount Hope Court Apartments (Providence)
  8. Approval of Transfer of Physical Assets (TPA) for Babcock Village Apartments (Westerly)
  9. Approval of Transfer of Physical Assets (TPA) for Cathedral Square II Apartments (Providence)
  10. Approval of Transfer of Physical Assets (TPA) for Harris House Apartments (Cranston)
  11. Approval of Transfer of Physical Assets (TPA) for Marvin Gardens Apartments (Providence)
  12. Approval of Transfer of Physical Assets (TPA) for Greenwood Terrace Apartments (Warwick)
  13. Approval of Proposed 2026 Qualified Allocation Plan (QAP)
    ATTCH. B
  14. Approval of Engagement of Bond Underwriting Firms
  15. Approval of Final Rule – Sale of Foreclosed Properties and Disbursement of Surplus Funds Pursuant to Madeline Walker Act
    ATTCH. A
  16. Approval of FY2025 Health and Housing Pilot Program Funding Awards
  17. Approval of Owner/Developer for Section 811 Project Rental Assistance (“PRA”) Program (Marathon Construction & Development)
  18. Approval of Engagement of Payment Processing Firm (REPAY)
  19. Approval of Contractor Training Grant Program
  20. Approval of Engagement of Law Firm Murray Plumb & Murray for Bankruptcy, Foreclosure, and Related Services in the State of Maine
  21. Approval of Engagement of Law Firm Katahdin Law LLP for Bankruptcy, Foreclosure, and Related Services in the State of Maine
  22. Closed Session Pursuant to R.I. Gen. Laws §42-46-5(a)(1) to Discuss the Executive Director’s Job Performance and Contract Terms
  23. Approval of the Executive Director’s Contract Terms

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.”

Recording of RIHousing Board of Commissioners Meeting: 6.30.2025

BoardofCommissionersMeeting_6-30-2025 for 39910
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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.

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).