PROVIDENCE, R.I. (WPRI) — Six development projects across Rhode Island are collectively receiving more than $27 million through a new initiative to support the construction and preservation of affordable housing.
On Thursday, Gov. Dan McKee and R.I. Secretary of Housing Deborah Goddard announced the inaugural recipients of the State Low-Income Housing Tax Credits (SLIHTC).
According to McKee, the SLIHTC is designed to incentivize private developers to create 500 new affordable housing units and preserve 30 existing units…