Capital Magnet Award: Congrats Rhode Island Housing!

Congratulations to Rhode Island Housing on their Capital Magnet Award!

AWARDEE PROFILE

AWARDEE INFORMATION

Awardee
Rhode Island Housing and Mortgage Finance Corporation

Location
Providence, RI

Contact Information
www.rhodeislandhousing.org

Organizational profile:
Rhode Island Housing and Mortgage Finance Corporation is a Other that was established in 1973.

CMF 2017 AWARD/ALLOCATION

Amount
$4,700,000.00

Controlling Entity
Service Area
Type: Statewide
States served: RI

Percent urban & rural
Major urban:
Minor urban:
Rural:

Product type
Profile
Rhode Island Housing and Mortgage Finance Corporation, a nonprofit housing organization, was created in 1973 with a mission to ensure that those who live or work in Rhode Island can secure a healthy, attractive home that meets their budget and their needs. The organization will use its FY 2017 Capital Magnet Fund award to capitalize an affordable housing fund that will provide gap financing for multifamily, 4 percent Low-Income Housing Tax Credit projects that are ready to proceed and have committed funding sources, but need additional gap funding to move forward.

OTHER AWARDS/ALLOCATIONS

· CMF 2017