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.
Eligibility
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.
For submission to the Providence Housing Trust Fund or any questions, please e-mail .
Notice Of Funding Availability
Funding Available: $6,700,000
Applications close on January 10, 2023 at 11:59 PM.
The Providence Redevelopment Agency will provide funding to qualified developers to develop affordable rental and homeownership housing within the City of Providence.
Organizations with the experience and current capacity to successfully execute an affordable housing development project on time and under budget may apply for funds. Projects that receive funding through this opportunity must be able to have awarded funds fully contracted by June 2024 and fully expended by June 2026.
For full eligibility details and more information, click here.
