Official State of Rhode Island website

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Housing 2030 Municipal Neighborhood Revitalization Program

The Executive Office of Housing made $5.2 million available through the 2024 Housing Bond for the Housing 2030 Municipal Neighborhood Revitalization Program. The initiative supports municipal efforts to acquire and redevelop blighted properties that may otherwise face barriers to redevelopment without public investment.

Eligibility was limited to municipalities, municipal redevelopment agencies, and other municipal public bodies.

Eligible activities include property acquisition, environmental cleanup, site preparation, and predevelopment planning, including architectural and engineering studies.

One award totaling $4.8 million was made to the Pawtucket Redevelopment Agency and Central Falls Redevelopment Agency to purchase the former Conant Thread–Coats & Clark Mill Complex District from a private owner. The award will also allow the two cities to seek a master developer to transform the 25-acre site into a new mixed-use neighborhood. The redevelopment is projected to include at least 1,000 new homes, including no fewer than 200 units of low- and moderate-income housing, along with commercial uses, public open space, and green infrastructure.