Revitalizing Rhode Island

Olneyville Housing Corporation in Rhode Island is conducting revitalization projects with funding from the Neighborhood Stabilization program and the Rhode Island Housing Land Bank. Rhode Island Housing also awarded OHC $7.8 million in low-income tax credits to fund construction and rehabilitation. The project is transforming foreclosed properties into affordable rental apartments and creating space for the local food pantry and a youth arts and theater program. A neighborhood community garden will be relocated using the funds as well.

SOURCE: Projo.com (The Providence Journal), 3/1/11

URL: http://www.projo.com/news/content/Town_by_town_foreclosures_03-01-11_2GMODRD_v13.1a20462.html