This Solicitation opportunity from Rhode Island was posted on September 15, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

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HOME-ARP Production Fund Program

Closed

RI Housing and Mortgage Finance Corporation HOME-ARP Production Fund ProgramState & Local

Submission Closed12/31/2025, 12:00:00 AM UTC

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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Solicitation # MODOT 0000000439SL

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AI Contract Overview

The Rhode Island Housing and Mortgage Finance Corporation (RIHousing) is soliciting proposals for the HOME-ARP Production Fund Program aimed at reducing homelessness by supporting the acquisition, rehabilitation, and construction of affordable rental housing targeted toward qualifying populations defined under HUD CPD Notice 21-10. Approximately $4 million in funding is available, structured as a 0% interest, deferred loan with a 30-year term secured by deed restriction. Eligible applicants include for-profit and non-profit developers as well as Public Housing Authorities operating within Rhode Island. The program emphasizes creating new rental units that serve homeless individuals, those at risk of homelessness, veterans, and other designated vulnerable groups. Projects must demonstrate readiness to proceed, financial feasibility, and development team capacity, with a requirement for a minimum 15-year affordability period plus an additional 15-year extension, effectively securing affordability for 30 years. Applicants must submit comprehensive proposals that include a Tenant Selection Plan prioritizing qualifying populations, a Supportive Service Housing Plan supported by memorandums of understanding or service contracts, and evidence of site control. Compliance with Davis-Bacon labor standards is mandatory for projects with more than 11 assisted units, and all projects must adhere to relevant HUD regulations and the HOME-ARP Allocation Plan amendment approved by HUD. Proposals will be evaluated on criteria including the creation of new affordable units, committed operating support, demonstrated experience administering federal housing programs, and development team qualifications. The fund must be fully expended by September 30, 2030, and awardees are required to commence construction within nine months of preliminary funding commitment. Proposals are due via RIHousing’s electronic portal by December 31, 2025.

General Info

RIHousing offers $4M zero-interest loans for affordable rental housing serving homeless and vulnerable populations.

Agency

Rhode Island Housing and Mortgage Finance Corporation

NAICS

441110 - New Car Dealers

Place of Performance

RI, USA

Set-Aside

NONE

Documents

RI Housing HOME-ARP Production Fund Program RFP

3 pages · rfp

High

AI Contract Breakdown

Uniform Contract Format

Timeline

PhaseClosed

PostedSep 15

Solicitation

Response DeadlineDec 31

Deadline has passed

Submission Closed

12/31/2025, 12:00:00 AM UTC

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Organization & Contact Information

AgencyRhode Island Housing and Mortgage Finance Corporation

ContactsNo contacts available

OfficeN/A

Organization / AgencyRhode Island Housing and Mortgage Finance Corporation

Office AddressN/A

ContactsNo contact information available

Full Description

RIHousing announces funding availability under the HOME-ARP Production Fund. The purpose of the HOME-ARP Production Fund is to reduce homelessness by acquiring, rehabilitating, and/or constructing affordable rental housing for individuals and families that fall within the qualifying populations defined below. HOME-ARP is a limited funding source.
Please visit our RFP page to access program documents, proposal requirements, and application instructions: https://rihousing.com/rfps-rfqs