Board Meeting

Thursday, May 20, 2021 at 9:30 a.m.

A Meeting of the Board of Commissioners of RIHousing has been scheduled for Thursday, May 20, 2021 at 9:30 a.m. 

The meeting will be held via telephone conference call pursuant to Executive Order 20-46, (as extended by Executive Order 20-93, and as may be further amended or extended).

Agenda

  1. Approval of Minutes
    1. Minutes of Board Meeting held on April 15, 2021
    2. Minutes of Special Board Meeting held on April 29, 2021
  2. Chairman’s Remarks
  3. Executive Director’s Review of Recent Activities and Trends
  4. Approval of External Charitable Donations and Contributions
    1. Spread Sheet
  5. Approval of Bridging the Digital Divide Program Funding Awards
  6. Approval of Reservation of Low-Income Housing Tax Credits and Preliminary Approval of Financing for Joseph Caffey Apartments (Providence)
    1. Joseph Caffey Apartments Phase “A”
    2. Joseph Caffey Apartments Phase “B”
  7. Approval of Reservation of Low-Income Housing Tax Credits and Preliminary Approval of Financing for The Millrace District (Woonsocket)
  8. Approval of Reservation of Low-Income Housing Tax Credits for Bourne Mill III (Tiverton)
  9. Firm Approval of Financing for Pine View Apartments (Exeter)
  10. Preliminary Approval of Financing for Braeburn Chatham Apartments (Providence)
  11. Approval of Extension of Revolving Construction Loan Facility for ONE Neighborhood Builders (Providence)
  12.  Preliminary Approval of Reservation of HOME Investment Partnerships Program Funds
  13.  Preliminary Approval of Reservation of Housing Trust Fund Program Funds

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: May 20, 2021

RIHousing-Board-Meeting_05202021 for 38481
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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

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Newport-Census-Map

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