RIHousing Invests $63.8 Million in Four Developments, 436 Units, 350 Jobs Supported
August 22, 2017 http://www.rhodeislandhousing.org/ Providence, RI – The RIHousing Board of Commissioners approved $63.8 million in investments that will create or preserve 436 homes, support 350 jobs and significantly improve developments in West Warwick, Pawtucket, Providence and North Providence. “Housing is not only essential for a healthy economy, it is the foundation of strong communities,” said Barbara Fields, Executive Director of RIHousing. “While these four developments will have a significant impact on many families and an even broader impact on the Rhode Island economy , we still have more work to do. We look forward to continuing our push to increase and maintain the local supply of housing to help Rhode Island’s families and businesses thrive.” Lippitt Mill Apartments in West Warwick was approved for $9 million in financing to preserve the mill and build 65 new apartments, 28 of which will be income-restricted. Lippitt Mill is the state’s second-oldest mill and is curren...