Notice of Solicitations: Affordable Housing Development and Municipal Matching Funds

On or about September 27, 2023, Rhode Island Infrastructure Bank (“Bank”) will issue two Requests for Proposals (“RFP”) for its Municipal Infrastructure Grant Program.  Each RFP will target a specific project type. The first RFP will be for site-related infrastructure for affordable housing development projects.  The second will be for matching funds for municipalities applying…

Read More

Infrastructure Bank Applauds Governor and General Assembly Funding For Municipal Infrastructure, Clean Water, Drinking Water, and Affordable Housing Projects

PROVIDENCE, R.I. – Rhode Island Infrastructure Bank is applauding the Governor and General Assembly for funding several infrastructure priorities in the FY 2024 state budget including: $5.5 million for the Municipal Infrastructure Grant Program (MIGP) – Originally created by the General Assembly in 2021, the MIGP has awarded $3.5 million in grant funding to 9…

Read More

$515,000 Infrastructure Bank Loan Will Allow Narragansett To Better Protect Scarborough Treatment Facility From Coastal Erosion

PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on a $515,000 Clean Water State Revolving Fund loan to the Town of Narragansett for site improvements at the Town’s Scarborough Wastewater Treatment Facility to better protect the site from coastal erosion. Specifically, funds will be used to restore a 600-foot-long rip-rap barrier which extends seaward…

Read More

Infrastructure Bank Closes on $77 Million Green Bond to Support Clean & Drinking Water Projects Across Rhode Island

PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on a $77,260,000 Green Bond to support clean water projects for the Narragansett Bay Commission and the communities of East Greenwich, East Providence, Middletown, Woonsocket, and Warwick, and for drinking water projects in the City of Providence. “Thanks to the Bipartisan Infrastructure Law, Rhode Island’s Clean…

Read More

Infrastructure Bank Closes On $1 Million Loan For Study Of Water Quality Issues Impacting City Of Providence Ponds & Rivers

PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on a $1,000,000 Clean Water State Revolving Fund Loan, with $400,000 in principal forgiveness, for the City of Providence to conduct studies into water quality issues impacting Mashpaug Pond (phosphorous), Roger Williams Park Ponds (phosphorous and bacteria), the Woonasquatucket River (heavy metals and bacteria), and West…

Read More

Infrastructure Bank Closes On $5.5 Million Loan For Energy Efficiency Upgrades At Providence Water Treatment Plant & Pump Stations

PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on a $5,500,000 Efficient Buildings Fund loan for numerous energy efficiency measures to be implemented at Providence Water’s water treatment facility and pump stations. “Providence Water has been a real leader in adopting renewable and energy efficient systems, and this $5.5 million loan from our Efficient…

Read More