McKee Administration Launches Phase II of One Stop Application to Accelerate Housing Production and Preservation

Published on Thursday, May 07, 2026

PROVIDENCE, RI — Governor Dan McKee, the Executive Office of Housing, and RIHousing today announced the launch of Phase II of the One Stop application process, unlocking $41 million in funding to advance housing production and preservation efforts across Rhode Island.

The new round includes approximately $35 million in housing bond funds, along with an additional $6 million in state and federal resources, continuing the Administration’s coordinated approach to addressing the state’s housing needs and expanding access to safe, affordable homes.

This announcement builds on strong momentum from Phase I of the One Stop process, which, announced on April 16 [zk8ngbyab.cc.rs6.net], awarded nearly $72 million in funding to support the production and preservation of 332 homes statewide. Together, these investments reflect the McKee Administration’s commitment to increasing housing supply, strengthening communities, and creating more opportunities for Rhode Islanders to find and keep a place to call home.

“Rhode Island is making real progress to address our housing shortage, and the One Stop process is helping us move faster and more strategically,” said Governor Dan McKee. “Through our housing bond, we’ve introduced new and innovative programs to encourage production. Since taking office in 2021, we’ve invested unprecedented resources into housing, and we’re seeing the results of this: since 2021, housing permits issued in Rhode Island have increased by 150 percent, with 3,778 permits issued in 2025—the highest number since the 1980s—and we have completed, preserved, or are developing more than 6,780 housing units. Phase II builds on that momentum by continuing to streamline funding, cut red tape, and help more projects move forward, so we can keep increasing supply and ensure more Rhode Islanders have access to safe, affordable homes.”

“Addressing our housing challenges requires both urgency and coordination, and the One Stop process is delivering on both,” said Secretary of Housing Deborah Goddard. “By aligning resources and simplifying the application process, we are making it easier for partners to move projects forward and for communities to see real results. With this new mid-year-round of funding, we are continuing to build a stronger, more responsive housing ecosystem—one that supports production, preserves existing homes, and expands opportunity for Rhode Islanders across the state.”

“After the recent award of almost $72 million in housing production and preservation funds to projects across the state, we’re happy to be part of phase II of this consolidated funding round, bringing additional dollars for the development of more critically needed affordable housing,” said Carol Ventura, CEO & Executive Director of RIHousing. “We will continue to prioritize investing these funds in our cities and towns, supporting the ongoing work of creating affordable housing opportunities for Rhode Islanders.”

Phase II of the One Stop Application will include the following funding from the housing bond:

• Housing 2030 Small Scale and Permanent Supportive Housing Program – to support the development of new affordable rental housing between five (5) and 30 units in rural, smaller, and infill communities where traditional financing is limited and supports the development of small-scale permanent supportive housing with wraparound services for households needing additional support to maintain stable housing. Between the two programs, approximately $7.5 million is available in phase II. PSH projects will receive top priority in this round.
• Housing 2030 Affordable Rental Housing New Development Program – to extend a flexible funding program focused on supporting the production of new affordable rental developments. Approximately $20 million is available in phase II.
• Housing 2030 Acquisition and Revitalization Program – to redevelop foreclosed, blighted, or vacant properties, helping to stabilize neighborhoods and strengthen local economies. Approximately $7 million is available in phase II.

The second-round One Stop will also include Housing Trust Fund and HOME funds from the state’s federal allocations, the Zero Energy for the Ocean State (ZEOS) program that funds the construction of net zero energy homes, and tax-exempt bond financing that leverages 4% federal low-income housing tax credits.