Adelaide Avenue Development
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The PPSRF partnered with Greater Elmwood Neighborhood Housing Services to develop 11 houses foreclosed by HUD plus three other houses in the South Elmwood Historic District. The $4.5 million project used State and Federal Historic Tax Credits and Low-Income Tax Credits to successfully restore the houses for low income homeowners and renters. The project was financed by Rhode Island Housing, HUD and Providence Neighborhood Housing Corporation.