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Parcel 9, I-195 development by Pennrose, Providence: $1 million in low-income housing tax credits, $14.2 million in loans. Mixed-income, mixed-use project at the edge of Fox Point, with the second ...
PROVIDENCE − The state Affordable Housing Trust Fund approved $1 million for a new pilot program on Thursday to increase the number of new income-restricted houses sold in the state, offering a ...
It passed by a majority in all of Rhode Island's 39 cities and towns, but in a few, it barely squeaked by. In most cities, the housing bond won by a landslide, at 88% in Providence, 79.7% in ...
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
The Fair Housing Assistance Program (FHAP) is a federal program that is administered by the Office of Fair Housing and Equal Opportunity at the U.S. Department of Housing and Urban Development. The FHAP program provides funding annually on a noncompetitive basis to State and local agencies that enforce fair housing laws that are substantially ...
Where will the money go: Rhode Island asked for $9.6 million, but received $3.8 million. State officials have said that they will need to retool their original application to accommodate the ...
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