Rhode Island Affordable Development Activities 

West House II

Middletown

Developer: Church Community Housing Corporation (“CCHC”)

  • Anticipated Completion Date: Q4 2024
  • Total Units: 54 units
  • Total Affordable Units: 54 units
  • Affordability: 30% – 60% AMI
  • Construction Status: 22% completed

Funding Sources and Amount:

Sources Amount
Building Homes Rhode Island  $1,454,969
Fed. Historic Tax Credit Proceeds  $100
LIHTC Proceeds – 9%  $11,095,638
State Fiscal Recovery Fund (“SFRF”)  $1,000,000
RIH First Mortgage  $2,480,000
RIH HOME Loan  $994,784
Seller Loan  $380,000
Other Source  $682,917
Other Source 2  $325,738

Total Development Cost: $18,414,146

SFRF Funds Expended To-Date: $1,000,000

Architectural rendering of affordable development
Development under construction

Site visit: 03.11.2024