THE BEACHWOOD APARTMENTS, left, and the South Winds Apartments in Narragansett will receive $9 million in utility and energy efficiency upgrades. / COURTESY PRESERVATION OF AFFORDABLE HOUSING AND R.I. HOUSING AND MORTGAGE FINANCE CORP.
NARRAGANSETT – Two senior apartment communities will be preserved as affordable housing and undergo $9 million in renovations, through a recapitalization announced recently by Preservation of Affordable Housing and the R.I. Housing and Mortgage Finance Corp. The communities, South Winds Apartments and Beachwood Apartments, will be combined under common ownership and renamed Beachwinds Apartments. They…
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