State of Rhode Island Low Income Housing Tax Credit Program (State LIHTC)
The State LIHTC Program aims to increase the development of affordable housing in Rhode Island by closing financing gaps in projects receiving Federal LIHTCs. Offered by Rhode Island Department of Housing / RIHousing; awards $30.0M.
Key Facts
- Funder
- Rhode Island Department of Housing / RIHousing
- Award amount
- $30.0M
- Deadline
- Rolling / not specified
- Geography
- Rhode Island
- Status
- Open
About This Grant
The State LIHTC Program aims to increase the development of affordable housing in Rhode Island by closing financing gaps in projects receiving Federal LIHTCs. Tax credit funding is provided in equal increments over a 5-year period after a project is placed in service, and credits may be sold to investors or redeemed by the State for 90% of their value. Applicants must meet threshold criteria (timely electronic submission, concurrent or prior Federal LIHTC award, financial feasibility) and will...
Full requirements and application instructions: official listing.
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