Housing Innovations and Cloudburst Group at Rhode Island Housing and Mortgage Finance Corporation

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This document is a Request for Action and subsequent Resolution for the approval to engage Adoption Rhode Island to serve as the Youth Action Board Backbone Agency. The agency will support the Rhode Island Continuum of Care (RICoC) in establishing and sustaining a Youth Action Board (YAB) composed of young people with lived experience of homelessness, to advise on how to best serve the youth subpopulation. The engagement is for a term of up to fourteen months, commencing in February 2026, with a maximum cost not to exceed $140,000.

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This document is a Request for Action (RFA) and Resolution for the approval of a funding award under the Turnkey Affordable Homeownership Program. It recommends committing up to $1,503,431 to Seminole Development, LLC for the Cobble Hill Crossing Condominiums project in Lincoln, RI. This funding will assist in the construction of ten affordable homeownership units, with construction having commenced in April 2025 and scheduled for completion by February 1, 2026.

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This Declaration establishes Covenants, Conditions, and Restrictions for deed-restricted affordable housing units as required by the New Jersey Fair Housing Act. It ensures these units remain affordable for low and moderate-income households by imposing restrictions on resale, refinancing, leasing, and improvements. An Administrative Agent is responsible for approving transactions and modifications. The affordability controls are set to run for a 'Control Period' of at least 10 or 30 years, depending on the unit's location, and remedies for breach of these covenants are detailed.

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This document is a Deed Restriction for affordable housing rental projects, entered into between an Administrative Agent and a developer/sponsor (the Owner). It establishes covenants that run with the land, restricting resale, refinancing, and use of units to low- or moderate-income households in New Jersey. The restrictions are governed by Uniform Housing Affordability Controls (N.J.A.C. 5:80-26) and apply for a 'Control Period' of at least 30 years per unit, with variations for specific circumstances. The document also outlines remedies for any breach of these covenants.