The Board of Commissioners discussed various operational and financial items, including the Executive Director's review of recent activities, trends, and housing-related legislation. The Board approved external charitable donations and contributions, adopted the Fiscal Year 2027 Operating Budget, and authorized awards for the Extremely Low-Income (RIH-ELI) Program. Additionally, the Board granted firm approval for first mortgage financing for the Mapleroot Ramblewood project in Coventry.
May 28, 2026·Board meeting
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Rhode Island Housing and Mortgage Finance Corporation Board of Commissioners Minutes Of Meeting
The Board meeting covered a broad agenda, including reports on Homeownership and Development activities, staff transitions, and the approval of various vendors and financing initiatives. Key approvals included the engagement of the Narragansett Indian Tribal Historic Preservation Office for LeadSafe Homes Program consultations, the selection of Reals Projects LLC for radon testing, and the engagement of inspection and laboratory service providers. Additionally, the Board authorized bond issuance, approved penetration testing and security consultation services, and granted preliminary financing commitments for the Lockwood Plaza Phase II and Shalom Apartments rehabilitation projects.
Apr 16, 2026·Board meeting
Rhode Island Housing and Mortgage Finance Corporation Meeting Of The Board Of Commissioners
The Board of Commissioners discussed and approved several key initiatives, including the engagement of a firm to evaluate the Health and Housing Pilot Program and the awarding of funding for new projects under the Health and Housing Pilot Program. Additionally, the Board authorized the engagement of a vendor for Business Continuity Plan development and software development services. Further approvals were granted for the commitment of Housing 2030 Program funds for multiple affordable housing developments, a preliminary reservation of HOME-ARP funds for the 183 Washington Street project, and the reservation of Low-Income Housing Tax Credits alongside preliminary financing commitments for the Champagne Heights development.
