Bid Description
ri housing and mortgage finance corporation
Bid Number:application preservation loan fund
| Description |
| Rhode Island Housing announces the availability of financing for the preservation of existing affordable housing. The RIHousing Preservation Loan Fund (PLF) will provide financing of eligible properties including multifamily rental housing with expiring federal rental subsidies (HUD or USDA Rural Development Programs) and low-income housing tax credit developments. RIHousing is accepting applications on a rolling basis as funding is available. Approximately $10 million in funding is available to preserve existing affordable housing. RIHousing anticipates funding of up to 300 affordable apartments. |
