Description
The Rhode Island Housing “2026 Consolidated Round 2” RFP solicits proposals from developers, municipalities, PHAs, and for‑profit/non‑profit entities to develop, rehabilitate, or acquire affordable‑housing projects across Rhode Island. Applicants may combine any of the listed funding streams—tax‑exempt bonds (including 4 % LIHTC), HOME, HTF, multiple Housing 2030 programs, and the Zero‑Energy for the Ocean State (ZEOS) grant—to build or preserve rental units, permanent supportive housing, or energy‑efficient dwellings. Funding is contingent on appropriation and varies by program, with total approximate availability of $40 million plus a $1.558 million ZEOS grant pool. Proposals must be submitted through the RIHousing Consolidated Application portal by 4 PM on June 18 2026 and must include the appropriate pro‑forma models and documentation.
• Eligible applicants: non‑profit, for‑profit developers, public housing authorities, and municipalities.
• Funding sources: Tax‑exempt bonds/LIHTC, HOME, HTF, Housing 2030 (PSH, Small‑Scale Rental, New Rental, Acquisition & Revitalization), and ZEOS grant.
• Program‑specific limits: 5‑30 units for PSH and Small‑Scale Rental; income caps of 30 % AMI (PSH), 100 % AMI (most other programs), and 120 % AMI (ZEOS).
• Required deliverables: completed application forms, program‑specific pro‑forma (model 13.1h for LIHTC, alternative rental model for non‑LIHTC), narrative explanations, and compliance with Buy‑America for HOME/HTF funds.