RI affordable housing board approves rehabilitation projects

By: The Associated Press


PROVIDENCE, R.I. (AP) _ Rhode Island Housing has announced several new affordable housing developments designed to create or help preserve more than 230 housing units.

The privately funded public corporation says its board unanimously approved two new developments last week.

One is for $8.5 million in refinancing for Hagan Manor in Providence that will help rehabilitate 80 apartments.

Another is a $4.68 million loan for work at the Greenwood Terrace in Warwick, a 53-unit elderly housing development.

The board also has approved federal financing to rehabilitate the 100-unit Cathedral Square Apartments in Providence.

© The Associated Press WLNE-TV  2016