Workforce-housing units to be created in 4 mill, office building conversions
THE STUDLEY BUILDING, at 86 Weybosset St. in Providence, is among the buildings that will be renovated into apartments, with a portion reserved for workforce-housing rates. / COURTESY PAOLINO PROPERTIES LP
PROVIDENCE – Four projects in Providence and West Warwick will receive funding from the R.I. Housing and Mortgage Finance Corp. to help create workforce-priced housing.
The projects were selected by the R.I. Housing board at a recent meeting. They will include a combined 301 units, of which 74 will be priced for families who earn up to 120% of area median income.
The program is called the Workforce Housing Innovation Challenge and it is aimed at expanding the range of housing options in the state for middle-income earners. In Providence, a family of four that earns a total of up to $103,800 is eligible for workforce housing.