A collaboration of 3 City non-profits produced the rehabilitation and replacement of a failed Section 8 development.

       Melrose Apartments,

                       PROVIDENCE, RI

 

Project:                 Rehabilitation

 

Location:               Elmwood section of

                               Providence, RI

 

Client:                   Greater Elmwood Services, The Elmwood Foundation, and Providence Preservation Society

 

Funds:                   LIHTC, HOME, NOP, HUD Grant, Historic Tax Credits

 

Units:                     42 HUD foreclosed apartments

 

TDC:                      $6.8 million. 

 

Completed:           Summer 2004

Experts in planning to financing to completion