Rhode Island Affordable Development Activities 

Dexter Street Commons

Pawtucket

Developer: Leland Peyser

  • Anticipated Completion Date: Q4 2026
  • Total Units: 150
  • Total Affordable Units: 30
  • Affordability: <100% AMI
  • Construction Status: 4% complete

 Funding Sources and Amount:

General Partner Capital $11,350,000
Middle Income Program* $2,320,000
TC/Rebate Bridge $1,000,000
Brownfields & Infrastructure Grant $400,000
Commerce Corp $6,901,170
RI Rebuild $1,800,000
Seller Loan $95,000
Third Party Senior Lender $27,484,931
TOD Fund* $3,898,830

Total Development Cost: $55,249,931

RIHousing-administered SFRF Funds Expended: $6,218,830

*Sources funded by the State Fiscal Recovery Funds (“SFRF”).

Rendering of an affordable development project