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Georgiaville Village Green opens with 42 affordable apartments

YOU'RE INVITED: Ribbon Cutting - Georgiaville Village Green

Focusing on helping women in need, members of Girl Scout Troop 922 graduated from juniors to cadets last Saturday, Sept. 15, after earning their Bronze Award.

The R.I. Housing Board of Commissioners approved $837,000 in 2018 low-income housing tax credits for the Georgiaville Village Green housing development in Smithfield, the agency announced Thursday.

House sales increased in Rhode Island for the fifth consecutive year in 2017, creating a “hot” market despite falling inventory, according to the Rhode Island Association of Realtors.

A financing package for a 42-unit affordable housing development in the Georgiaville section of Smithfield was approved Thursday by the Rhode Island Housing Board of Commissioners. The board unanimously approved $837,000 in 2018 low-income housing tax credits, a first mortgage of $190,000, and a second mortgage of $379,000.

A playground for an elementary school in South Providence, downtown revitalization in Woonsocket, and a new continuing-education center in Central Falls were among the projects that won support in the first round of awards from the $10-million urban revitalization/blight relief fund approved by state voters in 2016 as part of the $50-million affordable housing bond.

It was a solid summer for home sales, say local real estate agents, with many buyers of smaller homes getting into bidding wars and paying higher than asking prices. But for those thinking of selling their home into this “seller’s market,” they shouldn’t get too excited, say agents. Prices are merely firming up – finally.

Several Rhode Island towns are facing negative impacts after being notified in late July that many of the Community Development Block Grant (CDBG) applications for local programs and agencies will not receive the funding they typically see. Locally, six social services programs applied for a total of $136,702 to fund several projects in the area, and after the meeting in late July, East Greenwich, along with many other towns across the state, were notified that none of their applications from the Plan Year 2016 will receive funding.