Rhode Island Affordable Development Activities 

Looking Upwards Apartments


Developer: SWAP, Inc. (Stop Wasting Abandoned Property)

  • Anticipated Completion Date: Q2 2025
  • Total Units: 12 units
  • Total Affordable Units: 12 units
  • Affordability: 30%-80% AMI


  • Construction Status: 4% completed

Funding Sources and Amount:

Sources Amount
Building Homes Rhode Island (“BHRI”) $1,800,000
State Fiscal Recovery Fund (“SFRF”) $3,327,265
FHLB Affordable Housing Program $250,000

Total Development Cost: $5,377,265

SFRF Funds Expended To-Date: $208,209

Architectural Rendering of  affordable development
Affordable development under construction

Site visit: 01.22.2024