SEE WHAT THE RIVERSIDE TOWNHOMES HAVE TO OFFER!

Enjoy the pride, stability, freedom, and peace of mind of owning your own home!
Build equity in your own home, rather than building equity for your landlord! Experience a sense of community and feeling of belonging amongst other first-time homebuyers! The Riverside Townhomes condominiums are priced from $104,000 to $140,000.  A downpayment assistance grant of 20% of the purchase price is available from the City of Providence, reducing your price to $83,200 or $112,000!

 

Be the first to live in a
newly constructed building!

The Riverside Townhomes feature:

  • Two or three units per building
  • Two or three bedrooms
  • One and one-half bathrooms in three-bedroom units
  • Open floor plan in kitchen/living area
  • Private basement in each unit
  • Security System
  • Energy efficient appliances: refrigerator, stove, washer and dryer
  • Fully wired for cable TV and telephone
  • Two on-site parking spaces for each unit
  • Landscaped grounds
  • New six-acre city park and the Woonasquatucket River Greenway Bike Path just across the street
  • Schools, churches, grocery stores and other shopping within walking distance
  • One block from the RIPTA bus line

Click for a larger view

First Floor

Second Floor

The Riverside Townhomes are part of a Community Housing Land Trust (CHLT).
What is a CHLT?
A CHLT is an arrangement that keeps homes and land committed to affordable housing forever! In a CHLT, you own the home and lease the land from a non-profit community organization. You can build equity in your home and pass it on to your heirs. You pay a mortgage and taxes and are responsible for maintenance and repairs. In exchange for the low price you pay for your home, you may only sell your home to another income-qualified household, like yourself, according to an agreed-upon resale formula.

All buyers must complete a homebuyer training course, be first-time homebuyers, and meet income guidelines. Family size must be appropriate for the size of the unit. For more information about the Riverside Townhomes,
contact
Veronica Martinez at
(401) 351-8719 x 111 or martinez@olneyville.org.

A model unit is available
for showing every Saturday from 11 to 1 at 60 Curtis St.!

Call today to take the first step
toward owning your own home!