Board Meeting

Thursday, May 18, 2023 @ 9:30 a.m.

A Meeting of the Board of Commissioners of RIHousing is scheduled for Thursday May 18, 2023 @ 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. Governor’s Remarks
  2. Approval of Minutes of Board Meeting held on April 20, 2023
  3. Chairman’s Remarks
  4. Executive Director’s Report to Board
  5. Approval of External Charitable Donations and Contributions
  6. Approval of Reservation of Low-Income Housing Tax Credits (LIHTC) and Preliminary Approval of Financing for Central Street Development (Pawtucket and Central Falls)
  7. Approval of Reservation of Low-Income Housing Tax Credits (LIHTC) and Preliminary Approval of Financing for Rosebrook Commons (Middletown)
  8. Approval of Reservation of Low-Income Housing Tax Credits (LIHTC) and Preliminary Approval of Financing for Southpoint Commons (Westerly)
  9. Preliminary Approval of Financing for Reynolds Farm Senior Housing II (North Kingstown)
  10. Preliminary Approval of Financing for Broad Street Homes (Central Falls)
  11. Preliminary Approval of Financing for Ade Bethune House (Portsmouth)
  12. Preliminary Approval of Financing for Potters Tigrai Apartments (Providence)
  13. Preliminary Approval of Financing for The Avenue (Providence)
  14. Preliminary Approval of Financing for Summer Street Apartments (Providence)
  15. Preliminary Approval of Financing for Lockwood Plaza Phase I (Providence)
  16. Firm Approval of Financing for Copley Chambers II & III (Providence)
  17. Authorization to Issue Tax-Exempt Loan to Support Construction of Copley Chambers II & III $23,000,000 (Providence)
  18. Approval of Development of Affordable Housing 2 Program (DAH-2) Funding Awards
  19. Approval of Middle Income Program Funding Awards
  20. Approval of Community Revitalization Program (CRP) Funding Awards
  21. Approval of Capital Magnet Fund Awards
  22. Approval of Housing Production Fund Extremely Low-Income Operating Reserve (HPFELI) Awards
  23. Approval of ARPA Predevelopment Program (APP)
  24. Authority to Issue Homeownership Opportunity Bonds – $400,000,000

Recording of RIHousing Board of Commissioners Meeting: 05.18.2023

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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).