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.
RIHousing- Extremely Low-Income Operating Reserve (RIH-ELI) Program
Contract Overview
Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.
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AI Contract Overview
The RIHousing-Extremely Low-Income (RIH-ELI) Program for 2025 is a funding initiative designed to support the operational sustainability of housing units serving households with incomes at or below 30% of the Area Median Income, including those experiencing or at risk of homelessness. The program aims to provide operating reserve funds to eligible developments, ensuring long-term affordability and stability for extremely low-income residents. The funding, managed by the Rhode Island Housing and Mortgage Finance Corporation, ranges from five million to fifteen million dollars and is intended to subsidize costs associated with maintaining affordable housing units that prioritize serving vulnerable populations identified through the Coordinated Entry System. Applicants are invited to submit proposals through a detailed Request for Proposals (RFP) process, which outlines eligibility criteria, application procedures, and review standards. The program emphasizes serving households at or below 30% AMI, with particular attention to projects that support homeless populations or those at risk of homelessness. Key considerations include maintaining housing standards, determining rent affordability, and ensuring long-term project viability. The application process involves a comprehensive review and scoring system, with funding contingent upon availability and project feasibility. Interested organizations can access full program documents and application instructions via the Rhode Island Housing website, facilitating a competitive process aimed at expanding affordable housing options for Rhode Island’s most vulnerable residents.
General Info
Place of Performance
RI, USASet-Aside
Timeline
Submission Closed
Organization & Contact Information
Full Description
Please visit our website for the full program documents and application instructions: https://www.rihousing.com/rfps-rfqs/
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