Research & Reporting > State Fiscal Recovery Funds Dashboard > Rosebrook Commons, Middletown
Last Updated: 2.10.25
Rhode Island Affordable Development Activities
Rosebrook Commons
Middletown
Developer: Mesolella Development Corp.
- Anticipated Completion Date: Q4 2026
- Total Units: 64
- Total Affordable Units: 64
- Affordability: 30-60% AMI
- Construction Status: 3% complete
Funding Sources and Amount:
| Acquisition Revitalization Program (ARP) | $ 2,000,000 |
| Building Homes Rhode Island | $ 490,165 |
| Fed. Historic Tax Credit Proceeds | $ 639,799 |
| Middle Income Program* | $ 2,230,000 |
| Town of Lincoln Grant | $120,000 |
| Third Party Senior Lender | $ 1,500,000 |
Total Development Cost: $26,975,866
RIHousing-administered SFRF Funds Expended: $2,380,000
*Sources funded by the State Fiscal Recovery Funds (“SFRF”).
Site Visit 1.29.25
