R.I. getting $29.8M in federal aid for housing, community development

PROVIDENCE – Rhode Island will receive $29.8 million in federal aid for housing and community-development programs, U.S. Sen. Jack Reed announced Tuesday.

The funding will come from the fiscal 2022 Consolidated Appropriations law.

The Most Undervalued Asset in Business: The Right Connection

By Emilio DiSpirito IV License Partner | Private Office Advisor Engel & Volkers Oceanside www.DiSpiritoteam.com…

Learn More

“This federal funding will help strengthen neighborhoods, advance opportunities for local economic development and ensure more Rhode Islanders have a decent place to live. It will help cities and towns move forward with capital-improvement projects that can spur economic growth and development,” Reed said in a statement.  “With Rhode Island experiencing an alarming affordable housing supply shortage, this critical funding will also bring millions [of dollars] to our state to help preserve and build more affordable housing.”

Rhode Island will receive $16.2 million in Community Development Block Grant funds to be distributed across the state, including:

- Advertisement -
  • Cranston: $1 million
  • East Providence: $749,000
  • Pawtucket: $1.75 million
  • Providence: $5.2 million
  • Warwick: $930,000
  • Woonsocket: $1.1 million

The state will also get $6.8 million from the Home Investment Partnerships program of which $1.8 million will go to Providence, $616,000 to Pawtucket, $438,000 to Woonsocket and $4 million will go to a pot of funds for communities across the state.

Also earmarked for the Ocean State is nearly $3 million from the Housing Trust Fund; $1.4 million from the Emergency Solutions Grant program; $1.4 million from the Housing Opportunities for Persons With AIDS program and $968,000 through the Recovery Housing Program.