Research & Reporting > State Fiscal Recovery Funds Dashboard > GoodHomes Warwick, Warwick

Last Updated: 10.17.25

Rhode Island Affordable Development Activities 

GoodHomes Warwick (a.k.a. The Presley Apartments)

Warwick

Developer: GoodHomes Communities

  • Anticipated Completion Date: Q2 2025
  • Total Units: 190
  • Total Affordable Units: 38
  • Affordability: 80% – 100% AMI
  • Construction Status: 100% complete

 Funding Sources and Amount:

Middle Income Program* $2,295,000
Third Party Senior Lender $11,494,000
General Partner Capital $7,890,501

 

  • Total Development Cost: $21,679,501.00
  • RIHousing-administered SFRF Funds Expended: $1,721,250

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

 

 

 

Large affordable development under construction

Ribbon Cutting: September 25, 2025