Preservation Loan Program Fund

Agency:	State Government of Rhode Island
State:	Rhode Island
Type of Government:	State & Local
NAICS Category:	541611 - Administrative Management and General Management Consulting Services
Posted Date:	Oct 21, 2024
Due Date:	Dec 31, 2024
Solicitation No:	Preservation Loan Program Fund
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Bid Description
RI Housing and Mortgage Finance Corporation
Bid Number: Preservation Loan Program Fund

Description

RIHousing announces the availability of financing for the preservation of existing affordable housing. The RIHousing Preservation Loan Program Fund (PLF) will provide financing of eligible properties including multifamily rental housing with expiring federal rental subsidies (HUD or USDA Rural Development Programs) and low income housing tax credit developments. RIHousing is accepting applications on a rolling basis as funding is available.

Approximately $6 million in funding is available to preserve existing affordable housing. RIHousing anticipates funding of up to 300 affordable apartments.

Applicants should review the PLF guidelines which set forth the Threshold Criteria and Priorities which will be used to evaluate applications.

APPLICATION PROCESS:
• It is posted on the RIHousing website at https://www.rihousing.com/rfps-rfqs/

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