We at NWBRV maintain a pipeline of projects ready to move into development at all times. Currently, we have two projects in development: Pascoag (uptown and downtown) and Fernwood, seven single family homes for ownership. These houses are located in Burrillville and the homeowners are actually responsible for building their own homes through the Mutual Self Help Housing Program run through the USDA.
Our Pascoag project will invest tens of millions of dollars into Burrillville, RI for the development of affordable housing, community, and commercial space. The project has two locations (1) Downtown on Pascoag’s Main Street, and (2) Uptown located off Route 100 and Lapham Farm Road.
Designed in fidelity with the town’s goal of preserving the unique qualities of a rural main street, our downtown construction transforms several blighted buildings and lots at the gateway to Main Street into one and two bedroom rentals with dedicated first floor commercial space.
We are excited to share that WellOne, a nonprofit community health center focused on primary medical and dental care will be housed in one of the commercial locations.
The project is slated for completion in Fall 2017. For information about rental opportunities, contact Maloney Properties: 401-762-5220.
Update 4/28/2017 – 74-84 Main St is framed and roofed. The interior framing is in process as well as the rough plumb. Across the street at 75-81, the foundation is just about complete. The next step is the installation of underground plumbing, the pouring of the basement slab and then exterior framing will begin!
Situated off Route 100 and Lapham Farm Road is our Uptown development. This new community will host family rental units and a community center abutting preserved acres of wooded open space. The homes have been designed to stay true to the town’s charming architecture and history.
This project is slated for completion in 2018. For information about rental opportunities, contact Maloney Properties: 401-762-5220
Update 4/28/2017 – There are several buildings framed, roofed and siding is on-going. Interiors are shaping up in Phase I of the project and we are on-track for phased lease-up beginning this summer!
Fernwood is a home-ownership development located in Burrillville, Rhode Island and part of the USDA’s Mutual Self Help Housing Program. Currently, there are seven, three bedroom, 1.5 bathroom homes under construction. This marks the first of three phases of development at Fernwood, leading to a 30 home development on a cul de sac. Each home will be built on .3 acres surrounded by preserved open space. Homeowners chose their home design, colors, and finishes as well as get hands-on with the construction of their homes. Families work in teams of about 6, committing to 30-35 hours of work each week building each others homes until they are complete. This ‘sweat equity’ cuts the cost of the home almost in half making them affordable for low- and moderate- income families. The USDA is also offering a generous financing package for our “Selfie” families through their Mutual Self Help Housing program that includes a low interest rate mortgage. Fernwood is a beautiful addition to Northern Rhode Island’s affordable home ownership stock
Check back regularly to see properties move from our pipeline, into development, and then onto completion.