Providence benefits from Rhode Island Housing's LIHTC program and the state's Historic Preservation Tax Credit, creating opportunities to layer federal and state incentives for affordable housing rehabilitation.
These programs are available specifically to investors and developers in the Providence, RI market.
Rhode Island allocates LIHTC credits through RI Housing for affordable multifamily development.
Learn moreState historic tax credit for qualifying rehabilitation of certified historic structures, frequently combined with LIHTC.
Learn moreCity agency providing TIF and other incentives for housing and commercial development in designated areas.
Federal community development funds for affordable housing and neighborhood improvement.
Low-Income Housing Tax Credits are the largest source of affordable housing financing in the U.S. In Rhode Island, credits are allocated by RI Housing.
Credits are allocated by RI Housing through their Qualified Allocation Plan (QAP), which outlines scoring criteria and priorities.
View RI Housing LIHTC ProgramRI Historic Preservation Tax Credit creates layered incentive opportunities
8 Opportunity Zones in South Providence and other emerging neighborhoods
Proximity to Boston creates commuter rental demand
Rich architectural heritage ideal for historic rehabilitation projects
FundNow Capital provides DSCR loans, bridge financing, and portfolio loans that complement government incentive programs in Providence.
Qualify using Section 8 rental income — government-backed rents strengthen your DSCR ratio.
Learn moreShort-term financing to acquire and stabilize properties before permanent LIHTC or agency financing.
Learn moreFinance multiple properties in Providence's Opportunity Zones under a single loan structure.
Learn moreTell us about your Providence investment plans. We'll match you with the best financing options within 24 hours.