Smiley awards additional $12.7M for affordable housing construction

Christopher Boardman,
Smiley Details Proposed Budget

PROVIDENCE, R.I. (WLNE) — Providence Mayor Brett P. Smiley and the Providence Redevelopment Agency (PRA) announced Thursday that agencies for the development and preservation of affordable housing will be awarded an additional $12.7 million.

These added funds bring the total commitment to affordable housing to $55.6 million since 2022.

This total sum includes $26.4 million from a bond and $29.2 million from the American Rescue Plan Act.

2,000 new or preserved housing units are expected from this investment.

Nine projects will be recipients of the latest investments:

  • The Flynn, Marathon Development: $8M for new construction of a 6-story, mixed-use building on a long-vacant parcel at 220 Blackstone Street to include 178 residential units priced from deeply affordable to workforce housing coupled with ground-floor neighborhood amenities, office and community space. 
  • Crossroads Health & Housing, Crossroads RI: $1M for new construction of a 35-unit building offering permanent supportive housing for medically vulnerable tenants at 371 Pine Street.  
  • Sheridan Homes, ONE Neighborhood Builders: $1M for new construction of 20 units of homeownership and rental housing at 45 Sheridan Street.  
  • New Horizons, West Elmwood Housing:  $718,000 for new construction (22 rental units) and preservation (51 rental units) of properties in the City’s West End. 
  • Parcel 9 – Phase II, Pennrose: $800,000 for new construction of 61 rental housing units at 65 George M. Cohen Boulevard (a vacant I-195 parcel) in the City’s Fox Point neighborhood. 
  • Public Street Homeownership, SWAP: $114,000 for the new construction of a 2-unit home in South Providence for sale to a low/moderate income homebuyer. 
  • Oxford Street Homeownership, SWAP: $299,239 for the new construction of a 2-unit home in South Providence for sale to a low/moderate income homebuyer. 
  • Pine Street, Amos House: $495,000 to rehab a 3-unit property for permanent supportive housing.  
  • River Ave Housing for Survivors, Sojourner House: $300,000 to rehab a 4-unit property for permanent supportive housing for survivors of violence.
Categories: News, Rhode Island

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