Research & Reporting > State Fiscal Recovery Funds Dashboard > Georgiaville Place
Last Updated: 03.18.2024
Rhode Island Affordable Development Activities
Georgiaville Place
Smithfield
Developer: Farnum Development, LLC
- Total Units: 9 townhomes – Homeownership
- Total Affordable Units: 5 townhomes
- Affordability: 100% -120% AMI
- Construction Status: 100% completed
Funding Sources and Amount:
| Sources | Amount |
| Construction financing | $1,500,000 |
| State Fiscal Recovery Fund (“SFRF”) | $400,000 |
| Farnum Development LLC | 1,003,750 |
Total Development Cost: $2,903,750
SFRF Funds Expended To-Date: $400,000
