Providence Revolving Fund, Statewide Home Repair Program
Providence Revolving Fund / RI Housing Bond
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.
The cited general URL responded on 2026-07-21; it does not confirm this program or amount.
Record set last reviewed 2026-04-03. How we verify our data.
Other published resources for Providence, RI, are listed below. Review each separately and ask the administrators whether they can coordinate funding for the same work:
- City of Providence Code Violation Home Repair Program No-cost repairs for properties with multiple code violations
- City of Providence CDBG Housing Rehabilitation Program Deferred loans/grants; no interest; varies by scope
- Rhode Island Weatherization Assistance Program (RI WAP) Free services; DOE average ~$6,500 per unit
- Clean Heat Rhode Island, Heat Pump Incentive Program Up to $18,000 (income-eligible: 100% of costs); up to $11,500 (standard: 60%)
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
Some programs require contractor estimates, licenses, or inspections. A cited link may be general, so confirm the current rules with the administrator before hiring; a directory match does not guarantee contractor eligibility or funding.
You may need a contractor or estimate
Some programs for this project type ask for a license, inspection, or written estimate. Confirm the rule before contacting a contractor in Providence.
Get matched with a contractorOur record classifies the structure as a forgivable loan. Confirm repayment, forgiveness, residency, and any lien terms with the administrator.
Each administrator sets its contractor rules. Confirm exact requirements directly; the cited URL may be a general agency page.
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).
Requirements vary by program and locality. Confirm the exact rules and application route with the administrator. 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?
Email us at no charge. Messages are reviewed manually, but a response time is not guaranteed.
Email us about this programReport a problem with this listing
Need a Contractor for This Project?
Browse local listings or request an introduction. The Grant Map does not guarantee licensing, program experience, work quality, or funding.
More ways to save on this project
Rebates and discounts that may reduce project cost. Confirm eligibility and coordination rules before including one in your budget.
Find More Programs in Providence, RI
This is one of several kinds of assistance that may be available. Review other programs separately and confirm whether their administrators allow coordination for the same work.
See All Programs