Rhode Island Affordable Development Activities 

23 Central Street 

Central Falls

Developer: Pawtucket Central Falls Development Corporation (PCFDC)

  • Anticipated Completion Date: Q2 2026
  • Total Units: 12 units
  • Total Affordable Units: 12 units
  • Affordability: <30%, 60% and 80% AMI

 

  • Construction Status: 49%

 Funding Sources and Amount:

Source Amount
RIH First Mortgage $525,000
Acquisition Revitalization Program (ARP) $1,000,000
Housing Production Fund $2,218,575
Priority Projects Fund* $1,200,000
Predevelopment* $147,000
  • Total Development Cost: $5,090,575
  • RIHousing-administered SFRF Funds Expended: $1,347,000

*Sources funded by the State Fiscal Recovery Funds (“SFRF”). This project received site acquisition and/or predevelopment SFRF funds that have advanced to development financing.

23 Central Street Rendering
Affordable Development under construction<br />

Site Visit: 2.5.26