EAST PROVIDENCE — ONENeighborhood Builders, the non-profit housing and community developer, broke ground on its latest endeavor in East Providence Monday, April 10, the new "Residences at …
EAST PROVIDENCE — ONENeighborhood Builders, the non-profit housing and community developer, broke ground on its latest endeavor in East Providence Monday, April 10, the new "Residences at Riverside Square" apartment complex.
Once complete, this development will include 16 one- and two-bedroom apartments on Bullocks Point Avenue, including three units that will be set aside to provide housing for youth transitioning out of foster care through a partnership with Foster Forward. The development is scheduled to be completed in early 2024.
ONENeighborhood Builders acquired the long-vacant VAMCO property two years ago. The development required a clean up of the contaminated parcel. The organization secured $1 million through RIHousing’s "RI Rebound Award" fund program for this development.
“We are extremely proud of all the hard work that is being done to help bring the Residences at Riverside Square to life,” said Jennifer Hawkins, ONENeighborhood Builders President and Executive Director. “This groundbreaking is a signal that we can do big things when we work together.
"While this project on its own won't solve the state's housing crisis, it is an example of the kinds of projects, at scale, that can. Through continued support and collaboration, ONENeighborhood Builders looks forward to continuing the development of affordable housing, which is at the heart of creating sustainable and equitable neighborhoods.”
The Residences at Riverside Square will provide individuals and families with a modern apartment that has easy access to public transportation and the East Bay Bike Path.
The apartments are designated for extremely low-income to moderate- income households, which includes individuals earning between 30 percent and 80 percent of the Area Median Income (AMI), which is an annual income of approximately $20,000 to $70,000, depending upon household size.
In addition, three of the apartments will be reserved for youth aging out of foster care, who often face challenges in finding and securing housing, among other barriers.
The work to house those young adults will be done in partnership with Foster Forward, the state’s leading foster care service organization.
Foster Forward’s mission is to help empower the lives of those impacted by foster care, they have an unwavering commitment to support children and youth, families, and to help the child welfare system as a whole grow and move forward.
The Riverside Square development is the latest ONENeighborhood Builders collaboration in East Providence.
Last fall, the organization cut the ribbon on "Sutton Place" located on Sutton Avenue in the center of the city, which preserved 36 units of naturally occurring affordable housing.
Also in the works, ONENeighborhood Builders is in pre-development on the "Aldersbridge at East Point" development, which will result in 39 new one- and two-bedroom units for older adults, with a specific focus on the LGBTQ+ community.
The Aldersbridge component is one facit of the much larger "East Point" residential project, which will feature dozens of single-family houses and condominium style homes as well as hundreds of apartments units built at the old Washburn Wire/Ocean State Steel site in the Phillipsdale/Rumford section of the city.