Research & Reporting > State Fiscal Recovery Funds Dashboard > Potters Tigrai
Last Updated: 10.18.2024
Rhode Island Affordable Development Activities
Potters Tigrai
Providence
Developer: S.W.A.P., Inc. (Stop Wasting Abandoned Property)
- Anticipated Completion Date: Q1 2026
- Total Units: 57
- Total Affordable Units: 57
- Affordability: 30 – 60% AMI
- Construction Status: 10% complete
Funding Sources and Amount:
| Source | Amount |
| RIH First Mortgage | $475,000 |
| Assumed Debt (Rollover) | $1,387,793 |
| Capital Magnet Fund | $250,000 |
| Community Revitalization* | $2,000,000 |
| General Partner Capital | $100 |
| DAH-2* | $4,550,000 |
| LIHTC Proceeds | $6,614,510 |
| Seller Loan | $639,836 |
Total Development Cost: $16,792,239
RIHousing-administered SFRF Funds Expended: $3,401,888.56
*Sources funded by the State Fiscal Recovery Funds (“SFRF”).
Site Visit: 9.11.2024
