Entry Level Homeownership Program

In order to promote housing opportunities throughout Rhode Island, the Executive Office of Housing (EOH) is hereby allocating up to $20 million dedicated to affordable homeownership opportunities for low- to moderate-income households. The Housing 2030 Entry Level Homeownership Program strives to create this opportunity for households that otherwise have not had access to this crucial means of increasing household prosperity and intergenerational wealth. 

The Office recognizes that some program elements are new and will require innovative approaches by developers – and that some worthy projects will need some time to come to fruition. As such, we are limiting funds available in Round 1 to $10 million. The EOH will update potential applicants on the remaining funds available prior to each future funding round. The Housing 2030 Entry Level Homeownership program is a competitive grant program.