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Jo-Ann Ryan: 401 457-1258
jryan@rhodeislandhousing.org

 

Sweetbriar Will Become "Home Sweet Home" to 50 Families

Collaborative Efforts Will Create Good Homes and Thriving Community

Providence, RI (March 27, 2008) - After years of perseverance, and recently approved financing from Rhode Island Housing, plans for 50 new homes in Barrington will soon be a reality. When completed, Sweetbriar will be a neighborhood in the East Bay that working families can afford.

Sweetbriar is a well-planned community intended to make efficient use of the land and existing infrastructure. Fifty new homes are planned for the 6-acre site, as well as open space for recreation. Sweetbriar is also within walking distance to a nearby bike path, public transportation and shopping. In many ways, Sweetbriar embodies several key elements of KeepSpace – a comprehensive, collaborative initiative founded by Rhode Island Housing that focuses on creating safe, healthy homes and good jobs while preserving precious open space.

“We applaud the hard work and determination of our partners at East Bay CDC,” said Richard Godfrey, Executive Director of Rhode Island Housing. “Sweetbriar is the perfect example of how collaboration between many different groups can create vibrant, well-balanced communities. Not only will it provide good homes working families can afford, it will also complement the surrounding area’s beauty and vitality.”

Sweetbriar has been in the works since 2003. Now, after overcoming several legal obstacles, East Bay Community Development Corporation (CDC) has the necessary approvals and financing needed to break ground on the project. Work should begin sometime in the fall and is scheduled to be completed in the spring of 2010 – bringing Barrington closer to the state’s 10% affordable housing mandate.

“This just shows that good things are worth waiting for,” said Kathy Bazinet, Executive Director of East Bay CDC. “It has been a long road, but creating much-needed, good homes working families can afford makes it all worthwhile.”

Rhode Island Housing is providing more than $2.7 million in financing for Sweetbriar, including a $1 million first mortgage, more than $802,000 in federal Low Income Housing Tax Credits and a Targeted Loan.

If you would like more information on Sweetbriar, contact Jo-Ann Ryan at 401 457-1258.

Affiliated Sites

Rhode Island Housing Help Center KeepSpace Rhode Island Housing Online Homebuyer Education HomeLocatorRI.net HousingWorksRI Fair Housing Rhode Island