Broad Street Revitalization

By Real Estate Development
Broad Street Revitalization Broad Street Revitalization is a  four building mixed-use project in Elmwood that runs along the neighborhood's main street, Broad Street.  It's made up of 25 affordable apartments and commerical and community space.  Tenants include The Elmwood Financial Center and ONE|NB partner, Project Weber/RENEW. Location: Broad Street, Reynolds Street, and Chester Street in ElmwoodHousing Type: Affordable rentals and commercial spaceCompleted: 2011Units: 25 residential, 5,000 sq ft. of commercial spaceContractor: Stand CorporationArchitect: David Presbrey ArchitectsFinancing: LIHTC, RIH 1st Mortgage, RIH Targeted Loan, HOME, Lead funds, Neighborhood Opportunities Program, BHRIProject Cost: $7,048,765
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Delaine Street Apartments

By Real Estate Development
155 Delaine Street: November 2020 compared with February 2022. Delaine Street Apartments Location: 149, 153, and 155 Delaine Street, Olneyville, Providence 9 units of affordable family rental housing Rehabilitation of three vacant buildings Six of the units are at 60% AMI and three of the units are at 30% AMI. Delaine Street Apartments / Bowdoin Street Rowhouse booklet The Delaine Street Apartments were completed in February 2022. The Delaine Street Apartments is ONE Neighborhood Builders’ rehabilitation of three formerly dilapidated, vacant buildings in the Olneyville neighborhood of Providence, Rhode Island. The three-building renovation has resulted in the development of nine…
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Olneyville Redux

By Real Estate Development
Olneyville Redux Olneyville Redux was developed and placed in service in 2001. It is a scattered site development closely clustered in the Olneyville neighborhood of Providence. More than 65% of current resident households have incomes that are 50% AMI or less. Location: Appleton St., Bowdoin St., Florence St., Julian St., Putnam St. in OlneyvilleHousing Type: Affordable family rentalsCompleted: 2001Units: 32 apartmentsContractor: Calson CorpArchitect: DBVW ArchitectsFinancing: LIHTC, RIFMFC, 1st Mortgage, City of Providence HOME, RIHMFC Targeted Loan, Lead Mitigation FundsProject Cost: $4,363,898
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Olney Village

By Real Estate Development
Olney Village The Olney Village development is concentrated around the William D’Abate Elementary School in Olneyville, where 12 formerly foreclosed properties and several vacant lots were transformed into 40 affordable homes and three community spaces for area nonprofits. The entire development is spread throughout 16 buildings along six residential blocks. Location: Scattered site on Appleton St., Bowdoin St., Delaine St., Florence St., Julian St., Kossuth St., Manton Ave., Pope St., and Putnam St. in OlneyvilleHousing Type: Affordable family rentals & commercial spaceCompleted: 2013Units: 40 affordable rentals and 3 commercial spacesContractor: TRAC ConstructionArchitect: ICON ArchitectsFinancing: LIHTC, RIFMFC, 1st Mortgage, City of Providence…
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ONE|NB Apartments

By Real Estate Development
ONE|NB Apartments ONE|NB apartments are a collection of wholly owned (non-syndicated) affordable rentals scattered throughout Olneyville and Elmwood.  This project is mainly rehab construction and includes 23 affordable units. Location: Curtis Street, Hyat Street, Hillard Street, Joslin Street, Parkis Ave, Daboll Street, Stanwood Street in Elmwood and OlneyvilleHousing Type: Affordable family rentalsCompleted: 2011-2017Units: 23 affordable rentalsContractor: variousArchitect: variousFinancing: RIFMFC, RI Housing 1st Mortgage, City of Providence HOME, NSP, BHRI, Lead Mitigation Funds, BBC grant
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Parkis Historic Properties

By Real Estate Development
Parkis Historic Properties PHP is made up of 22 affordable units in three beautifully renovated historic mansions. Location: 14, 43, 53-55 Parkis St. in ElmwoodHousing Type: Affordable family rentalCompleted: 2010Units: 22 apartmentsContractor: Stand CorporationArchitect: David Presbey ArchitectsFinancing: State HTC, RIH Targeted Loan, HOME, Lead funds, Neighborhood Opportunities ProgramProject Cost: $5,225,657
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Riverside Gateway

By Real Estate Development
Riverside Gateway Riverside Gateway is comprised of 31 affordable units and 2 commercial spaces, overlooking Riverside Park in Olneyville.  The 12 multi-family homes were completed in 2006 by Olneyville Housing Corporation. Location: Curtis St., Aleppo St., Manton Ave., Hillard St. Hyat St., & Pelham St. in the Olneyville neighborhood of Providence.Housing Type: Affordable family rental & commercial spaceCompleted: 2006Units: 31 apartments & 2 commercial spacesContractor: Pezzuco ConstructionArchitect: O"Hearne Associates CrtisFinancing: State HOME Program, City of Providence CDBG program, State Lead Program, LIHTC,  RIH loan, RI HRC NOP & BBC FundsProject Cost: $6,828,482
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Sutton Place Apartments

By Real Estate Development
Sutton Place Location: 54 and 60 Sutton Avenue, East Providence 36 units in two buildings, purchased with assistance from RIHousing. Buildings will make East Providence the seventh of Rhode Island’s 39 communities to meet the state goal that 10 percent of each city’s or town’s housing stock qualifies as low- and moderate-income housing. Renovations to the 22 one-bedroom units and 14 studio apartments in the buildings. A new approach to creating affordable housing: Known in the housing world as Naturally Occurring Affordable Housing (or NOAH), the concept is to purchase modest homes that are meeting the needs of the affordable housing…
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