Governor Dan McKee has announced the recipients to the first-ever State Low-Income Housing Tax Credits to incentivize private developers to invest in affordable housing units.
McKee says the awards will help build and preserve hundreds of affordable homes across the state to give Rhode Islanders the stability and opportunity they deserve.
“This is a historic step forward in our work to make Rhode Island more affordable for everyone,” said the Governor said. “By awarding the first-ever State Low-Income Housing Tax Credits, we’re leveraging private investment to deliver real, long-term solutions to our housing challenges. These awards will help build and preserve hundreds of affordable homes across the state—homes that will give Rhode Islanders the stability and opportunity they deserve.” The Governor added that these latest investments in housing are another example of Rhode Island's long-term strategic plan in action.
Thursday's announcement was made at The Flynn in Providence, which is one of six projects selected to receive the awards.
(Photo: The Governor's Office)