Mt. pleasant revitalization
In response to the national foreclosure crisis, HUD created the Neighborhood Stabilization Program (NSP) to encourage the re-development of foreclosed and abandoned homes for affordable housing.
With the support of Federal and local investment, D+P and Truthbox Inc. partnered on the conversion of nine (9) units of vacant, abandoned housing in Providence’s Mt. Pleasant neighborhood into a model of environmentally sustainable, green rehabilitation.
By utilizing carefully selected materials and placing the greatest emphasis on achieving a tight, well insulated envelope, all these properties have achieved an Energy Star rating. This delivers reduced building operating expenses and greatly increases the long term affordability for the residents.
The first building was completed in Summer of 2011 and master leased to the House of Hope CDC for a transitional housing program serving formerly homeless men. The rest of the homes are leased to tenants earning less than 50% AMI.