McKee will fund 4 community housing projects in Providence and Central Falls

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PROVIDENCE, RI (WPRI) – The McKee administration announced on Friday that it has provided $5 million in funding to create 42 rental units, community space and commercial space.

The investment will be split between four projects, targeting derelict and vacant properties in Providence and Central Falls, according to the governor’s office.

Two of the developments will create new community spaces. The Community Music Works Center in Providence will build a music education center that will include a performance hall, classrooms, library, offices and cafe.

Copley Chambers Phase I in Providence will renovate a National Register of Historic Places building into commercial space, also adding 26 affordable housing units, with supportive services for residents earning between 30% and 80% of the area’s median income.

The other two developments are affordable housing. Hannah Homes in Providence will build three new two-family homes for renters with incomes at or below 80% of the area’s median income or buyers at 100% of the area’s median income.

Central Street Phase II in Central Falls will renovate a dilapidated building and vacant lot into ten affordable three-bedroom rental units for people earning between 30% and 80% of the area’s median income.

According to the governor’s office, three of these units will be used for homeless youth leaving foster care.

The funding allocation stems from a government bond referendum passed in March 2021, “authorizing the issuance of $65 million in bonds to increase the availability of affordable housing and support community revitalization through the redevelopment of existing structures, new construction and property acquisition,” the governor said. said the office.

“When Rhode Island voters went to the polls in 2021, they understood the positive impact affordable housing and community revitalization can have on our state,” McKee said in a statement. “I thank them for having the foresight to recognize the kinds of long-term, strategic investments that Rhode Island needs.”

The approved funding will be administered through the state’s Acquisition and Revitalization Program (ARP), which aims to revitalize neighborhoods by redeveloping derelict and vacant properties.

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