Senator Jack Reed Announces $7 Million in Federal Funding for Affordable Housing in Providence

Strategic Insights -

U.S. Senator Jack Reed has announced $7,011,695 in competitive federal funding for the Women's Development Corporation (WDC) to advance a key affordable housing construction and preservation development in Providence's West End. The funding will help address homelessness by adding new units of permanent supportive housing through new construction, acquisition, or rehabilitation. The project aims to build 14 new homes for individuals escaping domestic violence and preserve 47 family units across 19 historic buildings.

Key Takeaways:

  • The funding is provided by the U.S. Department of Housing and Urban Development's (HUD) Continuum of Care Builds (CoC Builds) program, which aims to address and reduce homelessness by adding new units of permanent supportive housing.
  • The Women's Development Corporation plans to utilize the funding to build 14 new homes for individuals escaping domestic violence and preserve 47 family units across 19 historic buildings.
  • The project will provide high-quality homes for 61 families with incomes ranging from below 30% of Area Median Income (AMI) to no more than 60% AMI, and 14 of these homes will be set aside for families experiencing homelessness.
  • WDC will work with the Rhode Island Continuum of Care (CoC) and Sojourner House to implement the project.
  • Senator Reed has been a strong supporter of housing assistance and homelessness prevention initiatives, and has led efforts in the Senate to increase funding to address the root causes of homelessness.
  • The project is part of a larger effort to revitalize the West End and deepen investment in the capital city.

Statistics:

  • $7,011,695: The amount of federal funding announced for the Women's Development Corporation to advance affordable housing construction and preservation development.
  • 14: The number of new homes for individuals escaping domestic violence to be built with the funding.
  • 47: The number of family units to be preserved across 19 historic buildings.
  • 61: The number of families to be provided with high-quality homes through the project.
  • 30%: The range of Area Median Income (AMI) for the families who will benefit from the project.
  • 60%: The upper limit of Area Median Income (AMI) for the families who will benefit from the project.
  • 1979: The year in which WDC began developing and operating quality affordable housing for low- and moderate-income families, seniors, and those with special housing needs.

Sources:

  • "Senator Reed Announces $7 Million in Federal Funding for Affordable Housing in Providence." By United States Senator for Rhode Island Jack Reed. PROVIDENCE, RI --, PROVIDENCE, RI.