ARPA Production Fund

Rhode Island Housing
Rhode Island

ARPA Production Fund Program (previously referred to as the RI Rebounds Production Fund) is funded with State and Local Fiscal Recovery Funds appropriated through the American Rescue Plan Act of 2021 for the production of affordable rental housing for households with incomes at or below 80% of area median income.

Funding Source
Special one-time federal funding
Funding Year
2022
Program Status
Active
Total Funding
$90,000,000
Treasury State and Local Fiscal Recovery Funds (SLFRF) Funding
$90,000,000
Website
https://www.rihousing.com/wp-content/uploads/ARPA-Production-Fund-Guidelines.pdf
Contact
Dean Harrison Rhode Island Housing 401-450-1347
How Provided?
Development loans; Development grants
Program Type
Capital resources
Income Eligibility Threshold
80% AMI or less
Info Source
NLIHC internet research
Last Updated
7/18/23 11:50
Priority Populations

Extremely low-income households (income less than 30% AMI)