Ribbon cut on 2 new affordable housing units in Providence

PROVIDENCE, R.I. (WLNE) — Lt. Gov. Sabina Matos and U.S. Department of Housing and Urban Development Rhode Island Field Office Director Peter Asen were joined by other elected officials and development partners on Saturday to cut the ribbon at two new affordable housing developments in Providence.

The completed Joseph Caffey Apartments and Jordan Caffey Townhomes add 79 new units to the Upper South Providence neighborhood.

“This is more than just 79 new affordable homes: it’s proof that community-led collaboration between cities, the state, and private companies can help us address our housing crisis,” Matos said.

The units will be available to individuals and families making 30%-80% of the Area Median Income, which for a two-person household is between $23,200 and $61,900.

Residents will have access to an onsite digital learning center equipped with computers and high-speed Wi-Fi, and will include workforce development and education support.

The development has been in the planning and building stages since 2018, and was funded through 4% and 9% Low-Income Housing Tax Credits and construction and permanent financing from RIHousing, Citizens Bank, and the Providence Redevelopment Authority.

The ribbon cutting was followed by a celebratory South Side Block Party.