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Resources and Links

Federal Financing Programs

Rhode Island Housing administers the HOME Investment Partnership Program (HOME) and Housing Trust Fund (HTF) as the State of Rhode Island’s Participating Jurisdiction (PJ). Funding can be used for new construction, acquisition or restoration of houses and apartments in Rhode Island to help ensure that all Rhode Islanders can afford a safe, healthy home. For HOME, rental proposals must serve households earning no more than 60 percent of area median family income with homeownership proposals serving households earning up to 80 percent of area median income. For HTF, the income targeting is much deeper, serving households at or below 30 percent of area median income. For both, the applicable resale, income and rent restrictions are monitored annually.

Application & Forms 
HOME and HTF applications are now being accepted! It is anticipated that up to $3 million in HOME funds and $3 million in HTF funds will be awarded for the development of affordable housing for low, very low and extremely low-income households. Applications are due by 5:00pm on December 15, 2017.

If you have questions about the HOME or HTF programs or application, please contact either Ainsley Cantoral at 401-429-1449 or acantoral@rihousing.com or Belinda Lill at 401-429-1425 or blill@rihousing.com respectively.

Rhode Island Housing has implemented a training program for all new developer partners and property managers where we review HOME/HTF policies, procedures, and the Rhode Island Housing application, award, and compliance process. The next training session date is forthcoming – stay tuned! Until then, contact Ainsley Cantoral, HOME Program Coordinator at acantoral@rihousing.com or via phone at 401-429-1449 for more information about our HOME and HTF programs.

General HOME/HTF Resources Home Ownership-Related Resources *Homeowners interested in selling their HOME-assisted unit must notify Rhode Island Housing in writing of their intent to sell and will receive an approved resale price from one of our team members. Please contact Heidy Alba, HOME Program Specialist, at halba@rihousing.com or by phone at 401-429-1451 for more information. In order to expedite your request and to assist us in providing you with the most accurate pricing, please provide a copy of your deed (if available), property taxes bill, condominium fees (if applicable), homeowner’s insurance (estimate or actual), and the unit size when making contact.

Construction-Related Resources Relocation Resources

Community Housing Development Organization (CHDO) Resources

CHDOs are private nonprofit, community-based organizations with the staff capacity to develop affordable housing for the community they serve. At least 15% of the HOME Investment Partnership Program funding must be awarded to CHDO owned, developed and/or sponsored projects each year.

Key requirements for CHDOs under the HOME Regulations (24 CFR 92.300(a)(1)) include:

  • Having a governing board consisting of not less than 1/3 low income persons and no more than 1/3 public officials
  • Having a 501(c)(3) or (c)(4) designation from the IRS
  • Having demonstrated capacity to carry out activities
  • Having a history of service within the community where HOME-assisted housing is to be located spanning longer than one year)
  • Having an official purpose to provide decent, affordable housing to low- and moderate-income persons.

Organizations seeking certification or recertification as a CHDO should review and utilize the following tools:

Re/certifications occur upon award of HOME funds. Documentation of CHDO status is not expected until that time but we strongly advise you not to wait to review and gather the applicable documentation. If you have questions about CHDO status, please contact the HOME Program Coordinator at 401-429-1449 or by email at acantoral@rihousing.com.

Compliance-Related Resources


Developer's Handbook

The Developer's Handbook is the guide to submitting a request for financing the construction, acquisition or restoration of apartments to help ensure that all Rhode Islanders can afford a safe, healthy home. Priority will be given to proposals that revitalize neighborhoods with aging housing stock, serve families or build apartments in areas where affordable rental homes are hard to find. Proposals must serve households earning no more than 60 percent of area median family income.

To view the Developers Handbook, see the links below. You may save or download the first ten sections of the handbook as PDFs. Section 11 is an Excel file with multiple tabs. For more information, contact us at 401-457-1234 or development@rihousing.com.
If you have any questions or suggestions, contact us at development@rihousing.com or at 401-457-1234.

Links
Current requests for proposals
GrowSmart RI
Housing market in RI
General housing information
Housing Resources Commission
Community Development Block Grants (CDBG)
Corporation for Supportive Housing
HUD Newsroom (Homes & Communities)
Letter of Eligibility application

Affiliated Sites

Rhode Island Housing Help Center HHFRI Rhode Island Housing Online Homebuyer Education HousingSearchRI.org HousingWorksRI Fair Housing Rhode Island Equal Housing Opportunity