Coventry Housing Associates Corporation
Creating Housing Opportunities for the Promise of Community
The Coventry Housing Associates Corporation was incorporated in 1996 for the express
purpose of seeking, utilizing, and capitalizing on available resources for the creation
of housing opportunities within the Town of Coventry. The core focus of these efforts
will be to meet the housing needs which are currently underserved.
The Coventry Housing Associates Corporation has been designated as a Community Housing
Development Organization (CHDO). We have developed a Lease to Purchase program where
3 homes were acquired through a HUD foreclosure, rehabbed, and leased to low-to-moderate
income families who then underwent education in homeownership responsibilities.
After three short years, each of the families purchased the homes. In 2011, the
Coventry Housing Associates Corporation was able to revive this program and currently
owns one, single family home where the family has entered into a Lease to Purchase
Coventry Housing Associates Corporation has twice been awarded Low Income Housing
Tax Credit allocations from the State of Rhode Island for the production of affordable
housing. The first award, in 2001, produced 32 units of affordable family housing,
and this development – The Crossroads - has been fully occupied since construction
completion in 2003. The second LIHTC award for the 44 unit development – Coventry
Meadows-opened its doors in 2011.
Additionally, the Coventry Housing Associates were the recipient of a 202 grant
from the U.S. Department of Housing & Urban Development in the amount of $4.9 million
to construct 34 units of supportive housing for the elderly – named, Golden Ridge.
This development has maintained full occupancy and is a beautiful addition to the
Coventry Housing Associates Corporation is the past recipient of a Planning Grant
through the Rhode Island Foundation which brought together the planners of the Kent
County jurisdiction to discuss strategic planning for the creation of affordable
housing in our neighboring communities. Additionally, the Corporation worked with
the Town of Coventry to produce the State-mandated Affordable Housing Production
Plan for Coventry and has led this community in the production of affordable housing.