Providence redevelopment agency funds three housing projects with $2.2 million
The Providence Redevelopment Agency approved $2.2 million in funding for three affordable-housing developments in South Providence, Mount Hope and the West End on July 23.
The three projects account for 70 identified units: a 14-unit project in South Providence, a 12-unit apartment project on Camp Street in Mount Hope, and a 44-unit mixed-use development on Elmwood Avenue in the West End.
The funding is approved for the developments, but the available report does not provide construction-start or completion dates. The reported unit count identifies the scale of the three proposed projects; it does not establish that units have been completed or occupied.
How the funding is divided
The South Providence project received $700,000 for 14 units. The Camp Street apartment project in Mount Hope received $500,000 for 12 units.
The largest individual award, $1 million, went to the 44-unit mixed-use development on Elmwood Avenue in the West End.
Those awards add up to the agency’s $2.2 million total: $700,000, $500,000 and $1 million. The projects’ 14, 12 and 44 units likewise total 70 identified units across the three neighborhoods.
Separate bond proposal is planned
The awards come as the city plans to propose a separate $25 million housing bond in November. According to the report, the proposed bond would replenish the trust fund and support future housing initiatives.
That bond remains a planned proposal rather than an approved measure. The redevelopment-agency action is a funding decision for the three identified projects, while the November proposal concerns potential additional funding for future housing work.
No outcome for the planned bond proposal is established in the available report. Likewise, the report does not identify a construction schedule for any of the three projects funded by the agency.
For now, the confirmed action is the $2.2 million allocation, distributed among developments in South Providence, Mount Hope and the West End.
Sources
- Redevelopment agency approves funding for three affordable housing projects in South Providence, West End, Mount Hope, Events In Providence; source attributed to Providence Preservation Society
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