One Neighborhood Builders (ONB), one of the state’s leading nonprofit affordable housing and community development organizations, announced it has secured a $3 million loan from the Rhode Island Foundation to fully fund phase one of its Center City Apartments (CCA) development in East Providence.
Bristol County Savings Bank has opened a new Community Lending Center on Broad Street, marking its first major expansion in the city as the bank tries to deepen its reach in Rhode Island’s lending market.
The bank held a ribbon-cutting ceremony on Nov. 6 at the 359 Broad St. office, which sits inside the Rhode Island Hispanic Chamber of Commerce headquarters. As part of the event, the bank’s charitable foundation awarded a $25,000 grant to One Neighborhood Builders, the Providence-based affordable housing developer.
In this video, see inside a new Atwells Avenue building looking to work with tenants to fill its spaces. Since the building is under construction, One Neighborhood Builders wants to get its commercial tenants signed up so they can use the crew that’s already on the site to reduce the total costs for a build-out.
“A view of 434 Atwells Ave., in October 2025, where construction is underway for a mixed-use 85-unit building for affordable housing and commercial tenants. One Neighborhood Builders is planning to name the five-story affordable housing building, “The Avenue”.
One Neighborhood Builders is trying to fill two to three commercial spaces on the ground floor of its new mixed-use five-story building going up at the corner of Knight Street at 434 Atwells Ave.
Since the building is under construction, One Neighborhood Builders wants to get its commercial tenants signed up so they can use the crew that’s already on the site to reduce the total costs for a build-out.
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