McKee approves over $101M in funding to build affordable housing units across Rhode Island
PROVIDENCE, R.I. (WLNE) — Gov. Dan McKee and the Rhode Island Housing Board of Commissioners voted to approve $101 million in funding for affordable housing units Thursday.
The funding will go towards constructing 1,481 affordable units in 13 towns. It will also be used to preserve existing units. The developments are expected to support over 3,000 jobs.
“For Rhode Island to be an attractive place to live, work, and raise a family, we must address the availability and quality of housing — that means everything from providing supports to those experiencing homelessness, to increasing affordable housing, to ensuring we build more workforce housing for our middle-class families,” McKee said.
The Democrat said most of the money for the new units comes from his $250 million housing proposal that was passed last year by the General Assembly. That fund is coming from the American Rescue Plan Act and other sources.
The money will go towards the following developments:
- Central Street Development (Pawtucket/Central Falls) — 30 new units, preservation of 32 existing units, and on-site additions including two new community service spaces
- Rosebrook Commons (Middletown) — 64 new units and a new ground floor commercial space
- Southpoint Commons (Westerly) — 72 new units, and new features including a clubhouse and office space
- Reynolds Farm Senior Housing II (North Kingstown) — 40 new units for those aged 55 and older
- Broad Street Homes (Central Falls) — 47 new units
- Ade Bethune House (Portsmouth) — 54 new units for age-restricted housing and a new senior center
- Potters Tigrai Apartments (South Providence) — 20 new units, preservation of 37 existing units
- The Avenue (Providence) — 39 new units, a commercial space, and rehabilitation of 46 existing units in the Elmwood neighborhood
- Summer Street Apartments (Providence) — 176 new units
- Lockwood Plaza Phase I (Providence) — Rehabilitation of 209 existing units, including 108 townhouses
- Copley Chambers II & III (Providence) — 124 new units and a new ground floor commercial space
- Pocasset Reserve Phase I (Tiverton) — 275 new units
- Ralph R. Russo Manor (Johnston) — Preservation of 22 existing units
- Villages at Manville (Lincoln) — 72 new units
- Millrace District (Woonsocket) — Reuse of three vacant mill buildings, and new features including an office and retail space
- Studley Building (Providence) — A new 65-unit building with 5 one-bedroom, 20 studio, and 40 efficiency/micro-loft units
- East Point (East Providence) — 100 new units
- Walker Lofts (Lincoln) — Rehabilitation of a historical mill complex to make 126 new units
- Georgiaville Place (Smithfield) — New development of 9 tri-level townhomes
- Bernon Mills (Woonsocket) — Rehabilitation of a historical mill complex to make 60 new units
- 24 Inkerman Street (Providence) — Rehabilitation of three-story home with three two-bedroom units
- Hive Apartments (Providence) — Redevelopment of two historic buildings into one property with 124 units
- 25 Bough Street (Providence) — Rehabilitation of abandoned building into mixed-use community center