Rhode Island Housing

Type: Government-owned
On the web: http://www.rhodeislandhousing.org

The State of Rhode Island wants to help you become a homeowner. Rhode Island Housing assists low- to moderate-income Rhode Islanders buy homes by offering low interest mortgages. Income limits are $77,300 for one or two person households and $88,950 for households of three or more. The organization also offers home equity loans, construction loans to real estate developers, reverse mortgages for older homeowners, homebuyer education, and other programs. Rhode Island Housing receives no state funding; instead it sells taxable and tax-exempt bonds on the capital markets to fund its activities. Since its inception in the early 1970s, the organization has helped some 175,000 families fund affordable homes.

Officers:
Chairman: Mark R. Noble
Executive Director: Richard H. Godfrey Jr.
CFO: Tom Hogg

Competitors:
Bank of America
Citizens Financial Group
TD Bank USA