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44 Washington St. Providence, RI 02903-1721 RI Tel. 401-457-1234 Toll Free 800-427-5560 |
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.
Key numbers for fiscal year ending June, 2007:
Sales: $101.6M
One year growth: 10.5%
Net income: $11.0M
Income growth: 50.7%
Officers:
Chairman: Anthony J. Marouchoc
Executive Director: Richard H. Godfrey Jr.
CFO: Tom Hogg
Competitors:
Bank of America
Citizens Financial Group
TD Bank USA
