Research & Reporting > State Fiscal Recovery Funds Dashboard > 1624 Lonsdale Avenue
Last Updated: 2.10.25
Rhode Island Affordable Development Activities
1624 Lonsdale Avenue
Lincoln
Developer: Lonsdale Valley JV, LLC
- Anticipated Completion Date: Q4 2025
- Total Units: 26
- Total Affordable Units: 26
- Affordability: 80% AMI
- Construction Status: 52% complete
Funding Sources and Amount:
| Acquisition Revitalization Program (ARP) | $ 2,000,000 |
| Building Homes Rhode Island | $ 490,165 |
| Fed. Historic Tax Credit Proceeds | $ 639,799 |
| Middle Income Program* | $ 2,230,000 |
| Town of Lincoln Grant | $120,000 |
| Third Party Senior Lender | $ 1,500,000 |
Total Development Cost: $6,979,964
RIHousing-administered SFRF Funds Expended: $0
*Sources funded by the State Fiscal Recovery Funds (“SFRF”).
Site Visit 12.31.24
