Providence, Rhode Island
One Neighborhood Builders (ONE|NB), a non-profit community development corporation, knew that there was a dramatic need for additional early learning space in the Olneyville neighborhood of Providence. Lack of quality child care was a key issue in the neighborhood plan. Vision combined with a vacant and blighted lot provided a unique opportunity to incorporate early learning space into a mixed use development co-locating Head Start and child care classrooms with 30 units of new, affordable housing. ONE|NB developed and will own the space, leasing it at below market rates to the local, high quality Head Start provider.
| Year Completed | Proposed June 2021 |
| Construction Type | New construction of mixed use development |
| Total Development Cost | $1,725,204 (tenant fit out only – total development project cost is estimated at $17,231,410) |
| Sources of Funds/Capital Stack | Predevelopment Grant Predevelopment Loans RIHousing Loans Recoverable Grants Low Income Housing Tax Credit |
| Square Footage | 8,367 SF |
| # of Children | 76 |
| # of Classrooms | 2 infant/toddler classrooms 3 preschool classrooms |
| Construction Cost/Child | $22,700/child |
| Construction Cost/SF | $206/SF |