Rhode Island Affordable Development Activities 

Postal Apartments

Providence

Developer: Postal Kitchen, LLC

  • Anticipated Completion Date: Q1 2025
  • Total Units: 11
  • Total Affordable Units: 4
  • Affordability: 80% AMI
  • Construction Status: 0% complete

 Funding Sources and Amount:

General Partner Capital 445,640
Middle Income Program* 390,000
Third Party Senior Lender 1,500,000

Total Development Cost: $2,335,640

RIHousing-administered SFRF Funds Expended: $6,200

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