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PBN: R.I. Housing approves $837K in low-income housing tax credits for Smithfield development

PROVIDENCE – 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.

The development will include 42 one-, two- and three-bedroom apartments and is expected to cost $11 million.

Housing also approved a first mortgage of $190,000 and a second mortgage of $379,000.

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Courtesy of Providence Business News