OpenDoors Secures Financing for Supportive Housing Project

March 10, 2010 - 5:37pm

by Annelise Grimm

With support from the Corporation for Supportive Housing, OpenDoors Housing LLC has purchased a building at 485 Plainfield Avenue in the Silver Lake neighborhood of Providence to be converted to subsidized green section 8 housing units. Upon completion, the building will provide housing for clients, as well as program and office space.

OpenDoors has secured two EPA grants for environmental remediation of the site, as well as LISC and RI Housing pre-development funds, and a commitment of Neighborhood Opportunities Program funding from the Housing Resources Commission for operating subsidies. 

In addition, the City of Providence has committed its 2011 Home Funds allocation to the project, and the Providence Housing Authority will issue project-based Section 8 vouchers to OpenDoors. Once completed, the building would be the agency’s new Resource Center home, as well as the only supportive housing in RI specifically for formerly incarcerated individuals. 

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