EOH- Site Acquisition Fund Administration for Affordable and Supportive Housing

The Rhode Island Executive Office of Housing (EOH) is allocating $5 million from the 2024 State Housing Bond to establish a revolving loan fund aimed at supporting the acquisition of properties by eligible 501(c)(3) nonprofit organizations for the development of affordable housing, including supportive housing. To manage this initiative, EOH is seeking a qualified nonprofit partner through a competitive solicitation process, with the goal of administering the fund over a five-year period beginning around January 1, 2026. The selected organization will be responsible for underwriting nonprofit borrowers and providing lines of credit to facilitate property acquisitions that advance affordable housing goals within the state. The solicitation, identified as RFP2600600602, was issued on October 21, 2025, with a response deadline of November 19, 2025. Interested vendors are required to register and submit proposals via Ocean State Procures. The contract emphasizes compliance with vendor instructions, confidentiality, insurance coverage, and other regulatory requirements. The initiative underscores Rhode Island’s commitment to expanding affordable and supportive housing options through strategic financial support and partnerships with experienced nonprofit organizations. The contract’s success will help catalyze property acquisitions that address housing needs across the state, leveraging the bond funds to create sustainable, long-term housing solutions.