Acquisition and Revitalization Program (ARP)
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.
Contact
401-457-1234
Total Funding
$15,000,000
Funding Source
Special one-time non-federal funding
Funding Year
2021
How Provided?
Development loans