Updated September 1 at 7:01pm

Bonds worth $11.5M awarded for affordable unit growth

The R.I. Housing Resources Commission has awarded $11.5 million in grants to 26 affordable housing projects in the state as part of the Building Homes Rhode Island program, HousingWorks Rhode Island said Monday.

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Bonds worth $11.5M awarded for affordable unit growth

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PROVIDENCE – The R.I. Housing Resources Commission has awarded $11.5 million in grants to 26 affordable housing projects in the state as part of the Building Homes Rhode Island program, HousingWorks Rhode Island said Monday.

The grants are funded by the $25 million affordable housing bond Rhode Island voters approved in November 2012 and are expected to help create 370 new housing units in the state. All but eight of the new units are planned as rentals.

The 26 projects are located in 12 different communities. Nine of the projects are slated for sites in Providence.

The remainder of the bond will be awarded in spring 2014.

The awards include:

  • $1,965,831 to Valley Affordable Housing for 53 units in Ashton Village in Cumberland

  • $1,614,233 to Pawtucket Citizens Development Corporation for 41 units at Blackstone Valley Gateway II in Pawtucket

  • $1,449,127 to Newport Housing Authority for 111 units at Park Holm in Newport.

  • $1,193,940 to NeighborWorks Blackstone River Valley for 63 units in scattered sites in the Constitution Hill neighborhood of Woonsocket

  • $1,152,554 to House of Hope Community Development Corporation for 10 units on Fair Street in Warwick

  • $320,000 to ARC Blackstone Valley for 20 units in Vets For Tomorrow on Douglas Avenue in Providence.

  • $300,000 to East Greenwich Housing Authority for 10 units on South County Trail in East Greenwich

housing resources commission, housing works rhode island, affordable housing, affordable housing bond, 370 new housing units

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