Governor Dan McKee, and state leaders announced the availability of new funding to support the creation of affordable and supportive housing. Funded via the state’s allocation of federal Fiscal Recovery Funds, the Site Acquisition Program will provide grants to municipalities and for-profit or non-profit developers for the acquisition of properties that will be developed as affordable and supportive housing. $12 million in funding from the Governor’s “Rhode Island Rebounds” package is available for this statewide effort.
This program will ensure that non-profit and for-profit developers, municipalities and public housing authorities can secure land, therefore kickstarting a pipeline of projects that will increase the supply of supportive housing and affordable rental and homeownership opportunities across the state.
Original source can be found here.
