Housing Production Fund - Extremely Low-Income Operating Reserve (HPF-ELI) Program
Rhode Island Housing
Rhode Island
The primary purpose of this program is to establish operating reserve funds to support the operation of units serving households earning 30% AMI or below, as without such operating support, the long-term success of such units is financially infeasible.
Priority Populations
Persons experiencing homelessness or at risk of homelessness
Total Funding
$10,000,000
Funding Source
Special one-time federal funding
Funding Year
2022
Assistance Used For
Rent arrears
Current and/or future rent
Security deposits and relocation fees
Utilities
Food or household essentials
How Provided?
Rental assistance paid to landlord, housing agency, or approved vendor only
Amount Calculation Method
Program covers rent above 30% of tenants' adjusted income, up to payment standard not based on local Fair Market Rent