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Developments > Grace Apartments

Grace Apartments

Project at a Glance:
Development Type:
Rental,Senior Housing
MHIC Financing:
$3,936,116 in LIHTC financing
Preservation of Affordable Housing
Number of Units:

It consists of the preservation and moderate rehabilitation of 101 units of housing for elderly and disabled in an 8-story building located on a 1.024 –acre site at 280 Washington Street, Providence, RI 02903. Unit mix is: 95 one-BR, one-bath units; and 6 two-BR, one-bath units. Grace Church is a 91,528 gross square foot (gsf) building that includes 57,829 rentable square feet (rsf) of residential and 3,083 rsf of commercial space. It was built in 1977/78 for use as affordable apartments and has been continually used for that purpose since completion. 100 units are LIHTC units and 1 units is a manager unit.