Development Consultant for the refinance of Wickford Village and Mineral Spring Gardens, through Mark to Market Program and The Rhode Island Housing Preservation Program for private owner. Each is a multi-family affordable housing development in North Kingstown, RI and North Providence, RI to be refinanced by RI Housing and Mortgage Finance Corporation. Total Development Cost: $15 million. Closing, Spring 2005.

Moderate rehabilitation of this property secured its future as affordable housing for the next 30 years.

Mineral Spring Gardens,

North Providence,RI

 

Project:                 Refinance through

                               Preservation Program

 

Location:               North Providence,RI

 

Client:                    North Dartmouth Properties

 

Funds:                   Rhode Island Housing and

Mortgage Finance Corporation, LIHTC

 

Units:                     139 Elderly Affordable Housing

 

TDC:                      $6,342,165.00

 

Completed:            Winter of 2003

Experts in planning to financing to completion