Research & Reporting > State Fiscal Recovery Funds Dashboard > Lockwood Plaza Phase I
Last Updated: 12.2.24
Rhode Island Affordable Development Activities
Lockwood Plaza Phase I
Providence
Developer: WinnCompanies LLC
- Anticipated Completion Date: Q4 2025
- Total Units: 108
- Total Affordable Units: 108
- Affordability: <60% AMI
- Construction Status: 15% complete
Funding Sources and Amount:
| Source | Amount |
| 4% LIHTC | $10,710,000 |
| RIH First Mortgage | $2,800,000 |
| Capital Magnet Fund | $990,000 |
| Community Revitalization | $680,000 |
| DAH-2* | $4,010,000 |
| Deferred Development Fee | $1,420,649 |
| Assumed Debt (Rollover) | $2,148,439 |
| Seller Loan | $4,439,205 |
| Other | $2,467,848 |
Total Development Cost: $29,666,141
RIHousing-administered SFRF Funds Expended: $0
*Sources funded by the State Fiscal Recovery Funds (“SFRF”).
