Research & Reporting > State Fiscal Recovery Funds Dashboard > Broad Street Homes
Last Updated: 11.17.25
Rhode Island Affordable Development Activities
Broad Street Homes
Central Falls
Developer: ONE Neighborhood Builders
- Anticipated Completion Date: Q1 2027
- Total Units: 46 units
- Total Affordable Units: 46 units
- Affordability: < 30% – 60% AMI
- Construction Status: 17% completed
Funding Sources and Amount:
| Sources | Amount |
| 4% LIHTC | $12,150,327 |
| DAH-2* | $7,338,069 |
| Community Revitalization* | $2,000,000 |
| RIH First Mortgage | $2,663,000 |
| HUD Federal Appropriations | $2,000,000 |
| Seller Note | $250,000 |
| Deferred Development Fee | $250,000 |
- Total Development Cost: $26,651,396
- SFRF Funds Expended: $ 2,807,870
*Sources funded by the State Fiscal Recovery Funds (“SFRF”).
Site Visit: 9.30.2025
