PROVIDENCE – Vitus Group, a national developer and owner of affordable housing, recently announced a planned renovation of the Evergreen-Pleasant Ridge and Providence New City apartments, including upgrading of facilities and improved energy efficiency.
Nearly all of the 165 units, located across 35 sites in Providence, will remain affordable through an extension of a contract with the U.S. Department of Housing and Urban Development, according to the developer.
The project will include essential renovations to improve efficiency, safety and accessibility, such as new windows, siding, railings and insulation. Cosmetic improvements will include new kitchen renovations, flooring and upgraded bathrooms.
Vitus Group estimates that $40,000 per unit will be spent on the renovations. The projects were funded by Citi Community Capital, and R4 Capital, with Rhode Island Housing acting as a partner.