NWBRV currently has two projects in development: Fernwood which is located in Burrillville, RI, and Front Street, located in Woonsocket, RI.
Fernwood
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 completed and seven more in progress. This is the second 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
Front Street in Woonsocket
Located at 542 Front Street, the property will be converted from a three-family to a two-family home. It is located next door to one of the organization’s existing home ownership projects and currently features artwork of Riverzedge Arts, a local nonprofit dedicated to youth development through the arts and entrepreneurship.
