By the early spring of 2027, if all goes to plan, a formerly blighted stretch of one of East Providence’s most central, downtown corridors will open its doors as an example of the possibilities that exist when creative minds and altruistic organizations work together to combat the state’s significant affordable housing problem.

But the road to get to this point, and indeed the road left to be traveled, also underscores a troubling reality facing nonprofit developers; who make it their mission to build truly affordable housing at a rate that will make an actual difference in the lives of the thousands of people who need it, and without steamrolling residents in the process.

Published by PBN Staff, 10/1/25   EAST PROVIDENCE – One Neighborhood Builders has secured a $3 million loan from the Rhode Island Foundation for the first phase of its Center City Apartments development in the city. The loan announced Wednesday allows the nonprofit to secure financing for the first 95 apartments of the 144-unit development spanning three buildings along Taunton Avenue. Groundbreaking and construction are expected to begin this fall. “We’re grateful to the Rhode Island Foundation for their continued partnership and trust in our organization,” said Peter Chapman, One Neighborhood Builders CEO and president. “Access to this capital speeds up our ability to commence construction and…