Providence Neighborhood Land Bank
The Providence Neighborhood Land Bank is a program of the Providence Redevelopment Agency (PRA), funded by the Providence Housing Trust to acquire, hold, and transfer underused vacant land throughout the City, with the goal generating new affordable housing and revitalizing Providence neighborhoods.
In 2021, the City of Providence released its Anti-Displacement and Comprehensive Housing Strategy: a ten-year blueprint for affordable housing production, housing policy and regulatory actions. Since then, the City has implemented many recommendations from the report, including issuing a $25M bond for affordable housing production, adjusting zoning regulations, and launching several new programs, including eviction defense. With an influx of federal American Rescue Plan Act (ARPA) funds, the City is prioritizing affordable housing investments as one a key focus area in supporting pandemic recovery citywide.
The Providence Neighborhood Land Bank will tangibly increase affordable housing throughout city neighborhoods while also addressing persistent vacant lots. The program will reduce barriers to redevelopment, such as site control and pre-development costs, to promote infill affordable housing.
In support of this program, the Providence Redevelopment Agency will be releasing pre-approved, fully permitted small home plans prepared by local architects, at no cost to developers, to be paired with available lots.
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