Research & Reporting > State Fiscal Recovery Funds Dashboard > Ivy Place
Last Updated: 04.16.2024
Rhode Island Affordable Development Activities
Ivy Place Neighborhood Revitalization Initiative (“Ivy Place”)
East Providence
Developer: NeighborWorks Blackstone River Valley
- Anticipated Completion Date: Q3 2024
- Total Units: 13 units – Homeownership
- Total Affordable Units: 10
- Affordability: 80% AMI
- Construction Status: 68% completed
Funding Sources and Amount:
| Sources | Amount |
| Affordable Housing Trust | $578,397 |
| Building Homes Rhode Island | $1,386,118 |
| FHLB Affordable Housing Program | $295,000 |
| State Fiscal Recovery Fund (“SFRF”) | $540,000 |
| East Providence Waterfront | $743,000 |
| Sales Proceeds | $2,788,175 |
Total Development Cost: $6,360,690
SFRF Funds Expended To-Date: $540,000
Site visit: 03.01.2024
