Capital Magnet Award: Congrats Rhode Island Housing!
Congratulations to Rhode Island Housing on their Capital Magnet Award!
Rhode Island Housing and Mortgage Finance Corporation
Rhode Island Housing and Mortgage Finance Corporation is a Other that was established in 1973.
CMF 2017 AWARD/ALLOCATION
States served: RI
Percent urban & rural
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.
· CMF 2017