PROVIDENCE - The R.I. Housing and Mortgage Finance Corp. board of commissioners has approved $4.7 million via the state Acquisition and Revitalization Program to fund seven projects, R.I. Housing announced Tuesday.
The ARP-funded projects will build and restore a combined 92 homes and five new public facilities with 110,222 square feet of commercial space.
The ARP program was funded by $10 million from a voter-approved $50 million Housing Opportunity Bond. It was created by the R.I. Commerce Corp, which tasked R.I. Housing to oversee the program.
This was the last round of funding for the Acquisition and Revitalization Program.