Research & Reporting > State Fiscal Recovery Funds Dashboard > 321 Knight Street
Last Updated: 11.17.25
Rhode Island Affordable Development Activities
321 Knight Street
Providence
Developer: SWAP Inc.
- Anticipated Completion Date: Q2 2027
- Total Units: 41 units
- Total Affordable Units: 41 units
- Affordability: <30% – 80% AMI
Construction Status: 7% completed
Funding Sources and Amount:
| Sources | Amount |
| Deferred Development Fee | $55,118.00 |
| General Partner Capital | $100.00 |
| Other Source 2 | $900,000.00 |
| Other Source 3 | $250,000.00 |
| 9% LIHTC | $11,618,384.05 |
| Acquisition Revialization Program (ARP) | $1,465,953.00 |
| Building Homes Rhode Island | $490,000.00 |
| Capital Magnet Fund | $500,000.00 |
| Community Revitalization* | $2,000,000.00 |
| HOME | $1,000,000.00 |
| Priority Projects Fund | $1,276,639.00 |
- Total Development Cost: $21,096,194
- SFRF Funds Expended: $324,809
*Sources funded by the State Fiscal Recovery Funds (“SFRF”).
