RIHousing is
no longer accepting
new HHFRI applications


Friday, January 27, 2017
Earlier this week, RIHousing sent out a mailing to homeowners who are receiving assistance from the Hardest Hit Fund Rhode Island (HHFRI). The mailing includes tax information and an important form called a substitute IRS form 1098-MA-Mortgage Assistance Payments. Homeowners who receive assistance through HHFRI may or may not be RIHousing mortgage holders and will need this information to give to their tax preparer to complete their 2016 tax returns. Below are links to information relating to this mailing:

Frequently Asked Questions on Tax Information for HHFRI Assistance click here

Tax Information for HHFRI Assistance click here

IRS Resources click here

Monday, July 25, 2016
Governor Gina Raimondo, Rhode Island’s Congressional Delegation, Attorney General Peter Kilmartin and mayors from Rhode Island cities and towns affected by the housing and foreclosure crisis joined RIHousing to announce the grand opening of RIHousing’s HelpCenter and Hardest Hit Fund office in Warwick and to discuss the deployment of more than $36 million in additional funding for the Hardest Hit Fund Rhode Island (HHFRI) program.

The additional funding enables RIHousing to build upon its great success in administering HHFRI funds: Rhode Island was recognized as one of the first hardest hit states to fully distribute its funds in previous rounds. The announcement also marks the grand opening of RIHousing’s HelpCenter office in Warwick. The new location, conveniently located just off Route 95 and with plenty of parking, will give greater accessibility for homeowners to the HelpCenter and the free, HUD-certified counseling services it provides for Rhode Islanders in danger of foreclosure. (Click here to read the full release)

Friday, March 28, 2016
At a board meeting on Thursday, RIHousing’s Executive Director Barbara Fields announced the agency will be receiving approximately $36 million from the U.S. Department of Treasury’s Hardest Hit Fund, aimed at helping homeowners with ‘underwater’ mortgages avoid foreclosure.   

While Rhode Island ranks 5th in the U.S. in “negative equity,” there have been noticeable improvements in the statewide housing crisis. In 2015, foreclosures in Rhode Island fell to a total of 1,182, which is a 28% drop. Even more encouraging is the overall percent of underwater mortgages decreasing from 15.8% in 2014 to 13.5% in the same period of 2015. The additional funding from the Hardest Hit Fund is expected to produce even more positive results for those struggling to maintain home ownership.

Friday, February 24, 2016
United States Senator Jack Reed announced that $9.68 million in Hardest Hit Fund monies will be allocated to Rhode Island from the U.S. Treasury Department. In January, Senator Reed wrote to U.S. Treasury Secretary Jacob Lew to make the case for Rhode Island receiving additional funds, which provide foreclosure prevention assistance to those still seeking employment.

Friday, February 19, 2016
This week, the U.S. Department of Treasury announced it would release additional Hardest Hit funds to states severely impacted by the housing crisis. With Rhode Island among the states eligible to receive these funds, RIHousing now has additional resources to help prevent foreclosures and help stabilize the RIHousing market.

The previous $79 million in Hardest Hit funding was put to use with great success for Rhode Island families, and we look forward to deploying these additional funds to continue helping residents stay in their homes. Together with its partners, RIHousing will analyze the current needs of homeowners so that this new allocation of Hardest Hit funding will achieve maximum benefit for those in need. These new programs are expected to be implemented in late spring/early summer. 

RIHousing is grateful for Senator Jack Reed’s leadership and the support of Rhode Island’s entire Congressional delegation in securing this important funding for homeowners in need. 

To learn more about the U.S. Department of Treasury’s announcement regarding the additional allocation of Hardest Hit funds to Rhode Island, please click here.



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