Coventry Getting 8 New Affordable Housing Units From State Funding

COVENTRY, RI — Coventry will get funding for eight affordable housing units thanks to a state investment of more than $80 million to create and preserve more than 800 affordable housing units across the state, Gov. Dan McKee said Thursday during a news conference with Rhode Island Housing.

Through a combination of state and federal resources, including $15 million from the McKee administration's RI Rebounds initiative and $10 million from the Housing Production Fund, these developments are investments to strengthen communities and support over 1,200 jobs, according to McKee.

"Rhode Islanders need more homes they can afford," McKee said. "Ensuring all Rhode Islanders have access to a safe and affordable home is critical to the success of Rhode Island families, our communities and our state. These and other historic investments in my proposed FY 2023 budget will support Rhode Island residents — now and in the future. Together, these investments will help alleviate the housing shortfall and affordability crisis while reinvigorating our economy."

State officials said the funding for Coventry will benefit Riverside Landing. Two buildings along the Pawtuxet River will be adapted to provide six townhouse-style homes and two single-level units. All the units will have two bedrooms and will be income restricted to 50 percent average median income.

Read more about the state's affordable housing project.