Development
Reed Announces Over $9.6 Million in Community Development Grants for Rhode Island
August 20, 2008 Posted by Rhode Island Real Estate
WASHINGTON, DC - August 14, 2008 - (RealEstateRama) — In an effort to revitalize local neighborhoods and provide more Rhode Islanders with safe and affordable housing, U.S. Senator Jack Reed (D-RI) today announced that Cranston, East Providence, Providence, Warwick, and Woonsocket will receive over $9.6 million in federal Community Development Block Grants (CDBG). The CDBG […]
Senate Panel Approves $7.85 Million for Rhode Island in Transportation and Housing Spending Plan
July 29, 2008 Posted by Rhode Island Real Estate
WASHINGTON, DC (RealEstateRama) July 11, 2008 – U.S. Senators Jack Reed (D-RI) and Sheldon Whitehouse (D-RI) today announced that the Appropriations Committee has approved legislation including $4.7 million in funding for Rhode Island transportation, housing, and infrastructure improvement initiatives they requested as part of the 2009 Transportation, Housing and Urban Development (THUD) spending bill. The […]
Rhode Island awarded nearly $2.2 million to create 16 affordable rental units in Providence
July 1, 2008 Posted by Rhode Island Real Estate
BOSTON — The Federal Home Loan Bank of Boston (the Bank) awarded nearly $2.2 million as a grant, loan, and rate subsidy to fund 16 units of affordable rental housing in Providence. Of that amount, nearly $800,000 is in the form of a grant and subsidy. In all, 28 initiatives received more than $17.5 million […]
Reed Announces Over $1.2 million for Hope VI Housing in Newport
July 1, 2008 Posted by Rhode Island Real Estate
WASHINGTON, DC — In an effort to continue the redevelopment of the former Tonomy Hill public housing project, U.S. Senator Jack Reed (D-RI) today announced that the Newport Housing Authority (NHA) will receive over $1.2 million for 90 rental vouchers to provide affordable housing for low-income families. Tonomy Hill is a mixed-income community in Newport’s […]
$8.9 Million in Federal Aid for Rental Assistance and Affordable Housing Projects
October 31, 2007 Posted by Rhode Island Real Estate
Providence, RI, October 26, 2007 - In an effort to ensure that low-income seniors and people with disabilities have access to affordable housing and support services, U.S. Senator Jack Reed (D-RI), today announced that non-profit organizations in Providence, Little Compton, Cranston, and Warwick will receive a federal boost of over $8.9 million. The grants are being […]
Historic Providence Mill Building Sold
October 4, 2007 Posted by Rhode Island Real Estate
BOSTON, Oct. 4 /PRNewswire/ — The Brooks Company, A Boston-based real estate development and investment firm, has sold The Grant Mill building in Providence, RI, to a joint venture of Starr Development of Massachusetts and Brady Sullivan Properties of New Hampshire. Purchase price was $2.4 Million The historic, four-story brick building, located at 295 Carpenter […]
Rhode Island Housing Announces Landmark Plan For Thriving Communities
September 7, 2007 Posted by Rhode Island Real Estate
PROVIDENCE, R.I. (August 28, 2007) - Rhode Island Housing announced plans for a revolutionary statewide development initiative – KeepSpace Communities. This comprehensive and cooperative plan promotes development practices that preserve and enhance as much open space as possible while revitalizing existing areas that are underutilized or poorly developed. At the same time, KeepSpace provides effective […]
Warren affordable housing project earns $180K grant
August 16, 2007 Posted by Rhode Island Real Estate
An affordable housing development in Warren has received a $180,000 state grant to develop reasonably priced rentals in a former downtown rectory. The Bristol-based East Bay Community Development Corporation was awarded the money to help in its renovations of the former St. Jean Baptiste rectory at 328 Main St. The organization, which develops affordable housing […]