Meeting of the Board of Commissioners

Thursday, May 15, 2025 @ 9:30 a.m.

A Meeting of the Board of Commissioners of RIHousing is scheduled for Thursday, May 15, 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 April 17, 2025
  2. Chairwoman’s Remarks
  3. Executive Director’s Review of Recent Activities and Trends
    a. Update on Homeownership Activity
    b. Update on Development Activity
  4. Approval of Recission of Low-Income Housing Tax Credits (LIHTC) and Revised Preliminary Approval of Financing for School Street Apartments (Central Falls)
  5. Approval of Reservation of Low-Income Housing Tax Credits (LIHTC) and Preliminary Approval of Financing for Penny Lane (Warren)
  6. Firm Approval of Reservation of Low-Income Housing Tax Credits (LIHTC) and Financing for Center City Apartments Phase I
  7. Approval of ERA2-Predevelopment Program Funding Awards
  8. Approval of ERA2-Site Acquisition Program Funding Awards
  9. Approval of Housing Production Fund Extremely Low-Income Operating Reserve (HPFELI) Awards
  10. Approval of Engagement of Law Firm Verrill Dana LLP for Bankruptcy and Related Legal Services in the State of Maine
  11. Approval of Pre-Qualification of Municipal Technical Assistance Firms – Pipeline Development and Transit-Oriented Development Zoning Programs
    a. Attachment
  12. Approval of Compensation Consultant Recommendations (CBIZ Compensation Consulting)
    a. Attachment B
  13. Approval of Engagement of Executive and Professional Placement Firms
  14. Convening of the Section 8 Committee
    a. Approval of the Public Housing Authority (PHA) Five-Year and Annual Plans
    b. Att. B – 50075-5yr plan
    c. Att. C – 50075-HCV FINAL 4.18.25
  15. Approval of Amendments to the RIHousing Administrative Plan
    a. Att. B – Summary of Changes
    b. Att. C 
    c. Att. D

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: 5.15.25

Board-Meeting-5-15-2025 for 39955
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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).