$15,000 at 0% interest, no monthly payments. Deferred until sale or refinance. 1-4 family homes.
Rhode Island Housing's 15K DPA program provides $15,000 for the purchase of 1-4 unit properties — explicitly designed to support house-hacking. The program is one of the few state DPA programs that specifically encourages multi-unit purchases.
The assistance is structured as a forgivable loan and pairs with Rhode Island Housing's first mortgage products. For buyers in Providence or other Rhode Island cities, $15,000 can cover the full down payment on a duplex or triple-decker, turning the state's dense multi-family housing stock into an accessible investment opportunity.
1-4 unit properties eligible at $15K. Strong for house-hacking in Providence metro.
We'll show you how to combine RIHousing 15K DPA (Rhode Island) with other programs to maximize your free money — personalized to your ZIP code and income.