Mayor Brett Smiley and the Providence Redevelopment Agency have announced an additional 12-point-seven-million-dollars for the development and preservation of affordable housing units.
The mayor says the additional funds bring the overall commitment to affordable housing to more than 55-million-dollars since 2022.
The latest investment will be used to support nine projects.
The Flynn, Marathon Development: $8M for new construction of a 6-story, mixed-use building on a long-vacant parcel at 220 Blackstone Street to include 178 residential units priced from deeply affordable to workforce housing coupled with ground-floor neighborhood amenities, office and community space.
Crossroads Health & Housing, Crossroads RI: $1M for new construction of a 35-unit building offering permanent supportive housing for medically vulnerable tenants at 371 Pine Street.
Sheridan Homes, ONE Neighborhood Builders: $1M for new construction of 20 units of homeownership and rental housing at 45 Sheridan Street.
New Horizons, West Elmwood Housing: $718,000 for new construction (22 rental units) and preservation (51 rental units) of properties in the City’s West End.
Parcel 9 – Phase II, Pennrose: $800,000 for new construction of 61 rental housing units at 65 George M. Cohen Boulevard (a vacant I-195 parcel) in the City’s Fox Point neighborhood.
Public Street Homeownership, SWAP: $114,000 for the new construction of a 2-unit home in South Providence for sale to a low/moderate income homebuyer.
Oxford Street Homeownership, SWAP: $299,239 for the new construction of a 2-unit home in South Providence for sale to a low/moderate income homebuyer.
Pine Street, Amos House: $495,000 to rehab a 3-unit property for permanent supportive housing.
River Ave Housing for Survivors, Sojourner House: $300,000 to rehab a 4-unit property for permanent supportive housing for survivors of violence.
In total, these projects reflect an expected $160M in public/private investment in the Capital City.
(Photo: Providence Mayor's Office)