Development
Through new construction and rehabilitation, WEHDC's primary goal is creation of affordable housing for low and moderate income families.  WEHDC is a developer and current projects range in size from single family homes to multifamily development.

WEHDC's commercial development focus is mixed used developments that would have affordable housing component mixed with retail/commercial uses.

Finance
Locating and securing all sources of debt and equity to finance real estate development.  WEHDC has long standing relationships with lenders, and state and city funding agencies.  WEHDC's experience includes historical redevelopment financed with state and federal historical tax credits and affordable development financed with low income housing tax credits.

Asset Management
Third party property management is engaged to run the operations of our rental development, but WEHDC is responsible for the overall asset management. Asset management includes overseeing property performance, refinancing, budget review, loan covenance compliance and maintaining the overall stability of the asset. 

Past Projects - Homeownership Projects
WEHDC has developed and sold single and two family homes within the West End neighborhood of Providence beginning in 1990.  Here are some pictures from our 2006 production:

Past Projects - Rental Projects
WEHDC has successfully completed three Low Income Housing Tax Credit Projects.  Our first project, Bellevue Avenue, was completed in 1996, and consists of the rehabilitation of seven two and three family homes creating 19 affordable rental units.  Amenities include intercom system, storage units and on-site laundry.  This project led to eight additional homes being built or rehabbed on the street, one of which was the first Youth Build project in Providence.

Stephens Apartments, located on Elmwood Avenue, was completed in 2001, and consists of the rehabilitation of a Johnson & Wales dormitory into 32 affordable rental units.  Additionally, Stephens Apartments has a community room available for use by residents, tot lot, storage and off-street parking.

Westfield Lofts (www.westfieldloftsri.com), completed in 2005, is the historic rehabilitation and transformation of two brownsfield mill building into 69 mixed income loft style apartments.  Westfield Lofts also provides community space, off street parking and on-site laundry.  A video and narrative of the project can be viewed on the FHLBBoston website at www.fhlbboston.com/index.jsp.

     www.westfieldloftsri.com

Apartments for Rent

Bellevue Avenue- The 19 units scattered site development has affordable units ranging between 2 to 4 bedrooms.  Now accepting Pre-Rental Applications.  Contact Ferland Property Management at 401-781-8108.

Stephens Apartments- Located on Elmwood Avenue, re-development of a dormitory into 32 affordable rental units ranging between 1 to 3 bedrooms. Now accepting Pre-Rental Applications.  Contact Ferland Property Management at 401-781-8108.

Westfield Lofts- Located on Dexter Street, historic mill conversion into 69 mixed income loft style apartments.  Now accepting Pre-Rental Applications.  Contact First Realty Management at 401-272-5638.

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