REVOLVING STORIES

SHRI

PRF is happy to have provided Shri with an $800K bridge loan for state historic tax credits. Our bridge loan contributed to the transformation of a historic mill, inspires economic development in the city of Pawtucket, and supports a powerful mission that serves over 8500 students annually!

ECAS THEATRE

The Providence Revolving Fund takes pride in playing a supporting role in TEATRO ECAS's (ECAS Theater) REVOLVING STORY as the theatre continues to influence and shape the cultural fabric of our city. By providing access to financial resources for organizations, small businesses, and developers, PRF ensures that visionaries like Francis Parra Guerra can bring their captivating stories to life.

Our funding contributes to constructing a 125-seat theater housed in a thoughtfully adapted commercial building on Valley St., conveniently located near WaterFire. This exciting new venue is located in an area destined to become a vibrant cultural hub within our city.

BROAD ST PROPERTIES LLC

PRF provided Broad St. Properties LLC with a $2,239,000 revolving loan for El Ninja Restaurant and The Bomes Theatre on Broad St., in Providence, RI. The area stands as a vibrant cultural and business epicenter. Reflecting the rich diversity of Rhode Island’s Latino community, this bustling street offers more than just neighborhood charm. It's a hub brimming with opportunities - from unique small businesses to delightful restaurants and essential markets. Broad Street represents the pulse of Providence and is emerging as a cultural beacon for the entire state. PRF is proud to celebrate the strength and vibrancy that makes this street so dynamic!

HELEN BASKERVILLE-DUKES

“Working with PRF was excellent. They really care for you and your home and will make the process seamless and worry free.”
-Helen Baskerville-Dukes

RI INDIAN COUNCIL

Partnering with the RI Indian Council


Empowering Growth & Supporting Historic Restoration.
As your homegrown community development financial institution, we are dedicated to supporting a broad range of projects within our community! From historic restoration to community-based economic development initiatives, and empowering growth in the private and public sectors, we're here to make a positive impact every step of the way. See below to learn more about our technical support for the Algonquin House at 807 Broad Street in the Elmwood Historic District in Providence

Partnering with the RI Indian Council

The Rhode Island Council is the owner of the Algonquin House at 807 Broad Street in the Elmwood Historic District in Providence. This Georgian Revival building has a hipped roof and with three colossal tetrastyle porticoes. The building was completed in 1895 as a Home For Aged Men, providing housing for indigent men over 60. It is currently the home of the Rhode Island Indian Council, other non-profit organizations and local businesses.

 

The organization contacted PRF when they received a grant from the City of Providence to repair their building using the standards of historic preservation. PRF inspected and documented the property and provided specifications for the repairs to be done using the US Department of the Interior standards for historic preservation. We also prepared detail drawings for the repairs. Finally we monitored the work to ensure that it was being done according to the plans. 



The City of Providence was granting CDBG funds to the RI Indian Council for the renovation of a new office space at the historic 807 Broad Street in Providence. PRF joined this historic preservation project as a partner, developing the scope of work needed for the historic property and providing construction oversight.


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