Providence Revolving Fund, Statewide Home Repair Program
Providence Revolving Fund / RI Housing Bond
About This Program
The Statewide Home Repair Program, launched November 15, 2025, provides forgivable loans funded by Rhode Island's $120 million housing bond to homeowners and small landlords needing critical repairs. Loans up to $50,000 (1-2 units) or $75,000 (3-4 units) are forgiven 20% per year over five years, with no out-of-pocket costs and no direct contractor payments. Providence Revolving Fund manages contractor selection and construction oversight.
Forgivable loan: 20%/year over 5 years; 1-2 units up to $50,000; 3-4 units up to $75,000.
The cited general URL responded on 2026-08-20; it does not confirm this program or amount.
Record set last reviewed 2026-04-03. How we verify our data.
Other published resources for Providence, RI, are listed below. Review each separately and ask the administrators whether they can coordinate funding for the same work:
- City of Providence Code Violation Home Repair Program No-cost repairs for properties with multiple code violations
- City of Providence CDBG Housing Rehabilitation Program Deferred loans/grants; no interest; varies by scope
- Rhode Island Weatherization Assistance Program (RI WAP) Free services; DOE average ~$6,500 per unit
- Clean Heat Rhode Island, Heat Pump Incentive Program Up to $18,000 (income-eligible: 100% of costs); up to $11,500 (standard: 60%)
Key Details
- Income at or below 80% AMI; single family through 4-unit properties
- Forgivable loan: 20% forgiven per year over 5 years
- No out-of-pocket costs; Providence Revolving Fund manages contractors
- 1-2 units: up to $50,000; 3-4 units: up to $75,000
- Walk-in hours at 383 W Fountain St, Providence RI 02903
How to Apply
Confirm the current application route with the administrator. Verified official forms and steps appear below when available.
Some programs require contractor estimates, licenses, or inspections. A cited link may be general, so confirm the current rules with the administrator before hiring; a directory match does not guarantee contractor eligibility or funding.
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Get matched with a contractorOur record classifies the structure as a forgivable loan. Confirm repayment, forgiveness, residency, and any lien terms with the administrator.
Each administrator sets its contractor rules. Confirm exact requirements directly; the cited URL may be a general agency page.
Deadline: Check revolvingfund.org for portal reopening; walk-in hours at 383 W Fountain St
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