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This Solicitation opportunity from Rhode Island was posted on October 12, 2024. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

ARPA Predevelopment Program

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RI Housing and Mortgage Finance Corporation ARPA Predevelopment Program 2024State & Local

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NAICS: 441110
New
SLED
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FINADMIN494 - Finance & Administration

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The ARPA Predevelopment Program, administered by RIHousing, offers funding to support predevelopment activities for affordable and supportive housing projects in Rhode Island. This initiative is financed through the Coronavirus State and Local Fiscal Recovery Funds (SLFRF), allocated to the state under the American Rescue Plan Act of 2021, with Rhode Island receiving a total of $1.13 billion. The Rhode Island General Assembly designated $10 million of these funds specifically for the Rhode Island Executive Office of Commerce (EOC) to distribute through RIHousing for predevelopment efforts. Eligible applicants are encouraged to submit their proposals via the designated online portal, where they can create a project and complete the application process before the deadline of December 31, 2024. The program aims to facilitate the development of affordable housing by providing financial support for early-stage activities necessary to advance projects. The solicitation, titled "ARPA Predevelopment Program," is open to organizations classified under the State and Local Government and Education (SLED) sector, with a contract size set at a maximum of $10 million. Interested parties can find additional details and submit their applications through the official Rhode Island purchasing website. This funding opportunity underscores Rhode Island’s commitment to expanding affordable housing options using federal recovery funds to stimulate community development and support vulnerable populations.

General Info

Documents

1

RI Housing ARPA Predevelopment Program 2024 RFP

PDF, High priority: read this firstrfp
High

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Timeline

PhaseClosed
Posted

Solicitation

Response Deadline

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Submission Closed

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Organization & Contact Information

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AgencyRhode Island Housing and Mortgage Finance Corporation
ContactsNo contacts available
OfficeN/A
Office AddressN/A
ContactsNo contact information available

Full Description

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RIHousing announces the availability of funding under the ARPA Predevelopment Program (“APP”) which is being funded through the Coronavirus State and Local Fiscal Recovery Funds (“SLFRF”) pursuant to Section 602 of the American Rescue Plan Act of 2021, P.L 117-2 (the “Act” or “ARPA”) funds. The State of Rhode Island (the “State”) was apportioned $1.13 billion in SLFRF. The State General Assembly appropriated a portion of its SLFRF funds, Ten Million Dollars ($10,000,000) (the “Funds), to the Rhode Island Executive Office of Commerce (the “EOC”) to be allocated by RIHousing for predevelopment activities associated with the development of affordable and supportive housing.
Please visit our website to submit an application: https://osa.rihousing.com/funds/50. Please Log In or Register. Once you’re logged in, click Create Project to get started.

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