On September 6, 2022, in partnership with federal, state, and local officials, we broke ground for a new, mixed-use, affordable workforce housing development located on Ivy Street and Taunton Avenue in East Providence, called Ivy Place.
The 13 units–nine of which face Ivy Place, while the remaining four line Taunton Avenue–are a mixture of residential and townhome style units, with the ones located on Taunton Avenue boasting a storefront, live/work style of living,
As housing prices statewide have hit record highs, East Providence, in particular, has seen a 44% increase in housing prices, with single family homes across the Ocean State averaging close to $310,000. Ivy Place, a part of the East Providence Waterfront Commission’s Taunton Avenue sub-district, will be, for many, a life changing housing development. With the City boasting a long history of offering realistic homeownership opportunities, Ivy Place will simultaneously help alleviate the housing shortage while boosting economic opportunities in the area.
Ivy Place is a symbol of what we can achieve when we come together to ensure Rhode Islanders have the kind of quality, safe, and affordable homes they need — places where they can put down roots and strengthen neighborhoods.”
Senator Jack Reed
Four of the Ivy Place units will be reserved for households earning up to 60% of HUD’s Area Median Income. Six of the units are available to households earning up to 80% of HUD’s Area Median Income. Three will be available for households earning up to 100% of HUD’s Area Median Income.
Area Median Income (AMI) is determined annually by the federal Department of Housing and Urban Development. The 2024 AMI guidelines for Providence county are as follows:
| 1 person | 2 person | 3 person | 4 person | 5 person | 6 person | |
| 60% | $47,220 | $54,000 | $60,720 | $67,440 | $72,840 | $78,240 |
| 80% | $62,950 | $71,950 | $80,950 | $89,900 | $97,100 | $104,300 |
| 100% | $78,680 | $89,920 | $101,160 | $112,400 | $121,400 | $130,400 |
Ideally located, Ivy Place is situated in the City’s central metro area, well served by RIPTA and within walking distance of both the City Hall and Weaver Library. The lot, which had sat vacant since 2008, will now contribute to the continuous revitalization of a main East Providence commercial stretch. Joining other newly inhabited properties, including Café Zara, Ivy Place will soon be influential and instrumental in paving the way for new homeownership and economic opportunities in the state.
Learn More
Interested in learning more about homeownership opportunities at Ivy Place? Follow the link to sign up for the Ivy Place Inquiry List.
Ownership of Ivy Place will be determined via lottery of eligible, income-qualified households. Follow the link above to sign up above to be notified when the lottery opens.
Ivy Place exists thanks to financial support from the American Rescue Plan Act (ARPA), Rhode Island Housing Investment Fund, East Providence Waterfront Commission, Federal Home Loan Bank Bank of Boston and BankRI.
