Investments Overview
Investments Overview
The City of Providence fully invested and obligated its ARPA funding by December 31st, 2024. A full breakdown of how the ARPA funds were invested can be found below. The investment categories reflect the Smiley Administration’s commitment to making meaningful investments in programs and initiatives that will benefit the capital city for years to come, and they reflect the priorities expressed by residents as part of the City’s community engagement process and outlined in the COVID-19 Recovery and Resiliency Task Force Report.
| Amount Invested | Investment Category |
|---|---|
| City Services & Infrastructure | $92,861,325.83 |
| Housing and Homelessness | $41,905,507.95 |
| Social Equity | $8,753,593.98 |
| Youth & Education | $7,918,473.12 |
| Economic Opportunity | $3,847,453.00 |
| Building Resilient Neighborhoods | $3,755,188.00 |
| Arts, Tourism, Hospitality | $3,655,751.00 |
| Administrative | $3,616,836.22 |
| Total | $166,314,129.10 |
| City Services & Infrastructure | Amount Invested |
|---|---|
| Capital Investment – Recreation Centers | $3,550,000.00 |
| Cybersecurity and Information Technology Investments | $1,500,000.00 |
| Downtown Open Spaces | $950,320.00 |
| Elmwood Community Center | $1,500,000.00 |
| Equipment/Parking Meter Replacement | $1,000,000.00 |
| India Point Resiliency Investments | $3,000,000.00 |
| Merino Park/WRWC Investments | $1,000,000.00 |
| Neighborhood Infrastructure Fund | $6,148,826.00 |
| Parks and Recreation Capital Investment | $3,500,000.00 |
| The Providence Center | $152,559.00 |
| Revenue Recovery | $60,559,620.83 |
| Roger Williams Park Gateway | $4,000,000.00 |
| Stormwater and Sewer Repair | $3,000,000.00 |
| Street Sweeping & Sewer Repair | $3,000,000.00 |
| Total | $92,861,325.83 |
| Housing and Homelessness | Amount Invested |
|---|---|
| Affordable and Alternate Housing Programming | $500,000.00 |
| Affordable Housing Development (PRA transfer) | $27,226,239.00 |
| Emergency Housing Solutions | $3,694,185.48 |
| Expand Rapid Rehousing | $1,185,793.47 |
| Facilities Development Program – PRA Transfer | $2,600,000.00 |
| Home Repair Program | $3,000,000.00 |
| Homelessness Intervention | $499,290.00 |
| Permanent Supportive Housing (PRA Transfer) | $2,000,000.00 |
| Right to Counsel | $1,200,000.00 |
| Total | $41,905,507.95 |
| Youth & Education | Amount Invested |
|---|---|
| Anti-Violence Investments | $1,940,870.59 |
| Mentoring Program | $1,100,000.00 |
| Non-violence training | $500,000.00 |
| Pre-K and Early Learning Infrastructure Fund | $1,500,000.00 |
| Providence Talks Early Learning Intervention, Federal Hill House | $283,000.00 |
| Summer Camp for Providence Residents | $600,000.00 |
| Summer Jobs for Providence Youth | $996,472.35 |
| Year-round Youth Jobs | $998,130.18 |
| Total | $7,918,473.12 |
| Economic Opportunity | Amount Invested |
|---|---|
| Cultural Facilities | $2,500,000.00 |
| Direct Relief to Providence Residents | $496,279.00 |
| Small Business | $851,174.00 |
| Total | $3,847,453.00 |
| Building Resilient Neighborhoods | Investment Category |
|---|---|
| Elderly Service Supports | $260,315.00 |
| Food Security Grant Program | $375,000.00 |
| Food Security Infrastructure Planning | $125,000.00 |
| Grants to Community Centers | $600,003.00 |
| Hardest Hit Community Organization | $294,870.00 |
| Providence Community Libraries | $1,500,000.00 |
| Providence Public Library | $100,000.00 |
| Youth and Family Broadband | $500,000.00 |
| Total | $3,755,188.00 |
| Arts, Tourism, Hospitality | Investment Category |
|---|---|
| Arts, Culture and Special Events Support | $874,327.00 |
| Providence-Warwick Convention & Visitors Bureau | $600,000.00 |
| Public Art to Encourage Tourism | $703,807.00 |
| PVDFest Producing Partner, FirstWorks | $275,000.00 |
| Shared Use Infrastructure Grant Program | $202,617.00 |
| Tourism and Marketing | $700,000.00 |
| Waterfire, Inc. | $300,000.00 |
| Total | $3,655,751.00 |
| Administrative | Investment Category |
|---|---|
| Administrative Expenses | $3,595,000.00 |
| Independent Auditor | $21,836.22 |
| Total | $3,616,836.22 |