Providence Revolving Fund, Statewide Home Repair Program

Providence Revolving Fund / RI Housing Bond

Closed Home Repair

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.

Official source site checked live on 2026-06-22.

Data last verified 2026-04-03. How we verify our data.

In Providence, RI, you can combine this program with other local help to cut your cost:

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

Get free help applying Visit Official Program Page Track this program

401-680-5201

A grant-savvy contractor in Providence, RI can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

You will likely need a contractor to apply

Projects like this almost always need a licensed contractor, and many grants ask for a written estimate as part of your application. Lining up a contractor in Providence early keeps your application moving.

Get matched with a contractor

This program is usually a forgivable loan: you owe nothing if you stay in the home for the set period, but it may place a lien on the property until then.

Each program sets its own contractor rules. Check the official program page for exact requirements.

Your application paperwork

Documents you will likely need

  • Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
  • A government-issued photo ID for every owner on title.
  • A written estimate from a licensed contractor for the work (many programs require this to apply).
  • Photos of the problem area or the work to be done.
  • The program's own application form, completed (use the official link or phone number on this page).
Download this checklist (PDF)

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Check revolvingfund.org for portal reopening; walk-in hours at 383 W Fountain St

Questions about this program?

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