Entry Level Homeownership Program
To expand homeownership opportunities across Rhode Island, the Executive Office of Housing (EOH) has committed up to $20 million through the Housing 2030 Entry-Level Homeownership Program. The program supports the development of affordable homes for low- and moderate-income households, helping more Rhode Islanders achieve homeownership—a critical pathway to financial stability, long-term prosperity, and generational wealth.
Recognizing that this is a new program requiring innovative development approaches, EOH intentionally limited Round 1 funding to $10 million to allow developers time to bring projects forward and to evaluate early demand.
Following the award of $7.5 million in Round 1, $12.5 million remains available for Round 2. Applications are currently being accepted through a competitive grant process.
Housing 2030 Entry-Level Homeownership Program R2 Supplemental Materials
Housing 2030 Entry Level Homeownership Program Round 2 RFP
Housing 2030 Entry Level Homeownership Program R2 Development Budget *Required budget form to be completed and attached with application*
Housing 2030 Entry Level Homeownership Program R2 Timeline
| Monday, June 29, 2026 - 2:00 P.M. | Applications open. Click here to apply on EUNA. |
| Wednesday, July 15, 2026, - 10:00 A.M. |
Information Session #1 This info. session has concluded. To view the slides presented, click here. To read the session transcript, click here. For a recording of the info session, please email Margaret.Ivatts@housing.ri.gov |
| Thursday, August 6, 2026, at 3:00pm | Deadline to Submit Questions. Submit questions via email to EOH.Production@housing.ri.gov. |
| By Friday, August 7, 2026 | Q&A document made available. Additional Q&A may be posted on a rolling basis. |
| Thursday, September 3, 2026 at 4:00pm | Applications due. |
Housing 2030 Entry Level Homeownership Program R1 Awards
Hickory Knoll, Westerly — $2.2 million
Habitat for Humanity will develop 22 homes in Westerly, 18 of which will be built with modular construction. The development includes two-, three-, and four-bedroom homes serving households at 80% of Area Median Income (AMI). All homes are priced between $200,000 and $310,000. This project also received $750,000 from the state’s infrastructure program.
West & 4th Condominiums, Woonsocket — $1.9 million
JDM Holdings LLC will develop a 19-unit scattered-site condominium project in Woonsocket and West Warwick, with 15 units in Woonsocket and four in West Warwick. All units in the development are two-bedroom homes and designed to serve households earning up to 120% of AMI. Fifteen units are expected to sell for $309,000, while four larger units are anticipated to sell for $330,000.
Ballou Townhomes, Woonsocket — $1.03 million
Duo Development Corporation will convert a vacant industrial building in Woonsocket into a 15-unit townhouse development. The development includes a mix of one- and two-bedroom homes priced between $275,000 and $325,000 and are targeted to households earning at or below 120% AMI.
819 Providence Natick Schoolhouse, West Warwick — $924,000
Expo Development will rehabilitate a historic schoolhouse in West Warwick into 11 condominium units. The development includes two one-bedroom units priced at $175,000 and nine two-bedroom units priced at $349,000. All units will serve households up to 120% AMI.
Richmond Place Residences, Richmond — $900,000
CT Development will construct a 69-unit mixed-income condominium community in Richmond, across 34 buildings. The development includes 18 affordable units and 51 market-rate units, all of which will have two-bedrooms. The affordable units are restricted to households earning up to 120% AMI and are expected to sell for approximately $325,000.
The Woods at Red Brook, Coventry — $500,000
D2Homes will construct a 36-unit, two-bedroom condominium development in Coventry. The development includes five affordable units priced at $320,000 for households at or below 120% AMI, with the remaining units sold at market rate