The Providence Redevelopment Agency, as Trustee, is currently soliciting proposals to spur the production, preservation, and protection of income-restricted housing through the Providence Housing Trust Fund. These funds are available to private and public developers for construction and project financing. Applications will be accepted on a rolling basis as funds permit.
The Providence Housing Trust Fund (“PHTF”) is a bond-funded loan program and available to any individual or entity (“Borrower”) willing to acquire, develop, redevelop, rehabilitate, construct, and/or preserve income-restricted housing in the City of Providence. The Borrower must submit an Eligibility Form prior to submitting a Providence HTF loan application. The Borrower’s use of PHTF financing must result in income-restricted housing units with a project that outlines an ability to service existing and proposed debt.