Rhode Island Housing
Rhode Island

ARP’s purpose is to stabilize neighborhoods and communities by strategically targeting foreclosed and/or blighted residential and commercial properties and vacant lots in need of redevelopment. Encouraging redevelopment of vacant, foreclosed and/or blighted properties will revitalize neighborhoods and communities, stabilize the housing market, and improve local economies. The funding is available to non-profit and for-profit developers, municipalities and public housing authorities.

Funding Source
Special one-time non-federal funding
Funding Year
2021
Program Status
Active
State Funding
$15,000,000
Total Funding
$15,000,000
Contact
401-457-1234
How Provided?
Development loans
Program Type
Capital resources
Income Eligibility Threshold
120% AMI or less
Duration
Affordability period is 30 years
Info Source
NLIHC internet research
Last Updated
8/3/23 10:39