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RIHousing: Announces Site Acquisition Program (SAP) Funding

 

Application Deadline: Rolling basis as funding is available

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RIHousing announces the availability of grant funding under the Site Acquisition Program (“SAP”), which is being funded through State of RI American Rescue Plan Act (ARPA) funds. The SAP will provide grants for the acquisition of properties for future redevelopment of affordable and supportive housing. All SAP grants will be secured by a land-use restriction ensuring affordability for a minimum of 30 years.

Funding is available to qualified developers, including nonprofit and for-profit developers, municipalities, and public housing authorities.

RIHousing is accepting applications on a rolling basis as funding is available. Approximately $12 million in funding is available for the SAP with a maximum of $1 million per project. It is expected that SAP funds will be matched with other public and private funds for the development of the end units.

The program will be conducted statewide. Income of households occupying housing assisted with SAP funding is limited to 80% of Area Median Income (“AMI”).

SAP Program Guidelines and Application can be found at www.rihousing.com/rfps-rfqs.

**Please note: The current SAP Program Guidelines are contingent upon RIHousing Board of Commissioners approval on February 17, 2022, and are subject to change.

APPLICATION PROCESS

Applications and all supporting documentation must be uploaded to the RIHousing’s Sharepoint site. Please contact Carlos M. Morales at cmorales@rihousing.com for individual access to Sharepoint.

Required documentation includes, but is not limited to:

DOCUMENTS

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For more information on the SAP, please contact Carlos M. Morales at (401) 450-1328, cmorales@rihousing.com or Dean Harrison at (401) 450-1347, dharrison@rihousing.com.

For more RFPs and RFQs, please visit our website.

Courtesy of RIHousing 



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