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Elmwood Neighborhood Revitalization II

Elmwood Neighborhood Revitalization II was completed in 2003.  It’s comprised of fourty-six affordable family rentals in thirteen buildings.  Twelve of the buildings are older, rehabbed homes and one is new construction.  There is also one community space at 693 Broad Street which is home to our management company, First Realty Management.

Location: Elmwood Neighborhood 

Housing Type: Rental

Completed: 2004

Units: 46 affordable rentals and one community space

Contractor: NationWide Construction

Architect: Presbrey Architects

Financing: LIHTC, Federal Historic Tax Credits, Neighborhood Opportunities Program, Lead Funds, RI Housing First Mortgage

Project Cost: $8,428,529