“The PHA is proud and excited to select these six projects for Project Based Voucher awards,” said Melissa Sanzaro, Executive Director. “These awards help the PHA advance our strategic goal of partnering to build and preserve much needed affordable housing in our community. What is especially important now is being able to secure housing units for the extremely low income individuals and families who we serve.”
The awards will provide housing opportunities for extremely low-income tenants and guaranteed rental income to developers and owners of the following three new and three existing affordable housing developments for at least 20 years:
Copley Chambers – Developer is 206 Broad Street LLC/Marathon Construction – Eight project based vouchers in a 26-unit development being built in a long vacant building at 206 Broad Street. Priority for the PBV units will be given to families experiencing homelessness, and services provided through a partnership with House of Hope.
Jordan Caffey Townhomes – Development team is Omni and Wingate. Eight project-based vouchers will help support a development of 40 total affordable units, part of a two-site redevelopment of the former Barbara Jordan 2 development near Trinity Square.
Parcel 9 West Building – Developer is Pennrose – Eight Project Based Vouchers in a project being built on former 195 land. The total development will include 66 units of housing, of which 20 will be affordable, 19 workforce housing, and 27 market rate. PBV units will give priority to veterans, and services provided through a partnership with Operation Stand Down of RI.
Preservation of Existing Affordable Housing
Crossroads Family Housing – Fourteen project-based vouchers to support units that are serving families that previously experienced homelessness. Nine of the units have recently been fully renovated. PHA awarded 21 project-based vouchers to other units in this project in 2019.
Potters Avenue Area Revitalization – Seven project-based supporting units within a 37-unit development owned and managed by Stop Wasting Abandoned Property (SWAP) in Lower South Providence. Supportive services are provided through a partnership with McAuley House.
Smith Hill CDC CARES – Five project-based vouchers to support units in two triple decker buildings in Smith Hill owned and self-managed by the Smith Hill Community Development Corporation. These units have been without a subsidy for several years due to expiration of the Neighborhood Opportunities Program and this award will ensure they can be sustainably maintained as quality affordable housing.
PHA received 11 proposals requesting a total of 101 PBVs and selected winners through a review process that included staff across PHA departments, several members of the Board of Commissioners, and a representative of the City of Providence. The awards are subject to a local environmental review and, for the new construction projects, a subsidy layering review by the US Department of Housing and Urban Development (HUD) before the PHA can sign contracts with the owners.
Currently, PHA has 211 project-based vouchers under contract. The agency plans to issue another RFP in late spring of 2022 and maintain a regular schedule to award additional PBVs every year for the foreseeable future. The agency is considering special additional RFPs in the future to project base special housing vouchers such as Veterans Affairs Supportive Housing (VASH) vouchers serving homeless veterans, and Mainstream vouchers, serving non-elderly disabled families experiencing homelessness.
PBV awards are funded by allocating tenant-based vouchers from the PHA’s Housing Choice Voucher program. The agency administers more than 2,700 tenant based and project-based vouchers, in addition to owning and operating over 2,600 units of public housing.