Fernwood Ground Breaking in Burrillville

                            Posted by Wayne G. Barber
Monday, June 22 at 10:30AM


Amy, Kennedy, Mike and Jim

NeighborWorks Blackstone River Valley, Federal, State, and Local Officials
Break Ground on Unique Fernwood ‘Mutual Self Help’ Housing Development
        Burrillville, R.I. (June 19, 2015) – NeighborWorks Blackstone River Valley will join with U.S. Congressman James Langevin, representatives of the U.S. Department of Agriculture, Rhode Island Housing, the town of Burrillville, Federal Home Loan Bank of Boston, Navigant Credit Union and future residents of the development on Monday, June 22 at 10:30 a.m. to break ground on the Fernwood development in the village of Pascoag, R.I.
            The first 12 of the 30 planned affordable homes at Fernwood will be built through the U.S. Department of Agriculture’s unique Mutual Self Help Housing program. Through the Mutual Self Help Housing program, families work under the supervision of a construction manager to do much of the work of building their own homes. This ‘sweat equity’ cuts the cost of each home nearly in half, making the dream of homeownership truly affordable for low- and moderate-income families.

U.S. Congressman James Langevin

Michael Rendulic, Housing Programs Director (MA/CT/RI), U.S. Department of Agriculture, Rural Development

Barbara Fields, Executive Director, Rhode Island Housing

Joseph Garlick, Executive Director, NeighborWorks Blackstone River Valley

Susan Elliott, Chief Business Officer and Executive Vice President, Federal Home Loan Bank of Boston

Frederick Reinhardt, SVP/Chief Lending Officer, Navigant Credit Union

Burrillville town officials

Future residents of Fernwood

Source: Rhode Island Housing Media Press Release