Public School Program

RIHEBC has been able to use its expertise in financing to assist the Rhode Island Department of Education with its program of School Housing Aid. School districts within the state that complete school housing projects for repair, renovation or new construction may be eligible for state housing aid reimbursement. Over the last several years, changes have been made to the program that provides matching the amount of housing aid to debt service. This has allowed the state to better manage its funds and retain them until needed and as well as earning interest income for the state.

Public School Projects

2016 Amount Project Details
 08/04/16 $2,865,000 Town of Newport
Financing of capital improvements
 08/04/16 $4,755,000 City of Warwick
Financing of capital improvements
 07/20/16 $86,430,000 Public School Pool
Refunding of Series 2006, Series 2007, and Series 2008 bond issues for the City of Cranston, Town of Cumberland, Town of North Smithfield, Town of Tiverton, Bristol Warren Regional School District, Exeter West Greenwich Regional School District, and Foster Glocester Regional School District.
2015 Amount Project Details
 12/7/15 $12,515,000 Public School Pool
Refunding of Series 2006 and Series 2007 bond issues for the Town of North Kingstown, Town of Tiverton, Town of Portsmouth, and Town of Burrillville. Financing health and safety repairs in the Town of Smithfield
 12/1/15 $10,000,000 Providence Public Schools
Safety improvements for various schools
 08/20/15 $4,565,000 City of Cranston
Financing of various capital improvements
 04/22/15 $146,325,000 City of Providence
Refunding of Series 2006 A, 2007 A and 2007 C bond issues
 03/11/15 $6,540,000 City of Woonsocket
Refunding of Series 2000 bond issue
2014 Amount Project Details
 10/23/14 $8,000,000 City of Pawtucket
Refunding of Series 2013 bond issue and financing of various upgrades
08/06/14 $3,370,000 City of Warwick
Financing of various capital improvements
07/10/14 $9,780,000 Town of West Warwick
Financing of fire code upgrades
2013 Amount Project Details
12/12/13 $6,300,000 City of Central Falls
Refunding of Series 1999 bond issue
12/11/13 $2,115,000 City of Pawtucket
Refunding of Series 2001 bond issue
12/10/13 $9,635,000 Town of North Providence
Refunding of Series 2003 bond issue
11/19/13 $11,310,000 Town of Little Compton
Financing of school projects and repairs
10/25/13 $69,705,000 Providence Public Schools
Refunding of Series 1995 B, 1996 B, 1998 A, 1999 A,
2001 A, 2003 A and 2003 B bond issues
08/28/13 $1,100,000 Town of Portsmouth
Financing of capital upgrades and repairs
06/05/13 $32,870,000 Public School Pool
Financing of new projects for the City of Newport and City of Warwick
04/16/13 $12,520,000 Town of Coventry
Financing of school projects and refunding of the Series 2003 issue
04/02/13 $7,655,000 Town of North Kingstown
Financing various school projects
2012 Amount Project Details
09/20/12 $15,000,000 City of East Providence
Financing of repairs and upgrades to various schools
02/01/12 $35,640,000 City of East Greenwich
Financing of a new middle school and renovations of various schools
2011 Amount Project Details
06/22/11 $14,645,000 Town of Westerly
Financing of renovations to Westerly High School
06/10/11 $10,940,000 Chariho Regional School District
Financing of various renovations and improvements to schools
02/01/11 $6,700,000 Public School Pool
Renovations to schools in the Town of Westerly and City of Cranston
2010 Amount Project Details
12/01/10 $13,465,000 Public School Pool
Financing of various projects for the Chariho Regional School
District, City of Warwick and Town of Westerly
12/01/10 $21,945,000 Providence Public Schools
Financing of capital upgrades and repairs
12/01/10 $10,635,000 Town of East Greenwich
Financing of new projects and renovations to various schools
11/03/10 $7,777,000 City of East Providence
Financing of energy improvements to various schools
10/05/10 $3,995,000 City of East Providence
Financing of energy improvements to various schools
09/02/10 $3,550,000 Town of North Smithfield
Financing of energy improvements to various schools
06/15/10 $12,575,000 Public School Pool
Financing of various projects for the Chariho Regional School
District, City of Warwick and Town of Westerly
06/02/10 $4,250,000 City of Central Falls
Financing of renovations to various schools
2009 Amount Project Details
11/05/09 $74,000,000 City of Woonsocket
Financing of two new middle schools
06/23/09 $16,100,000 Public School Pool
Financing of various school projects for the City Pawtucket
and Town of Tiverton
04/30/09 $24,910,000 Public School Pool
Financing of various school projects for the Town of Narragansett
and Town of Scituate
03/30/09 $940,000 Foster-Glocester Regional School District
Financing of energy efficient equipment for Ponaganset Middle
School and Ponaganset High School
2008 Amount Project Details
07/01/08 $24,675,000 Public School Pool
Financing of various school projects for the City of Cranston
Exeter/West Greenwich Regional School District, Town of
Portsmouth and Town of Tiverton
05/01/08 $91,920,000 Public School Pool
Financing of various school projects for Bristol Warren Regional Schools
2007 Amount Project Details
12/01/07 $75,000,000 Providence Public Schools
Financing of various school projects
10/01/07 $91,470,000 Providence Public Schools
Financing of various school projects
10/01/07 $13,460,000 Public School Pool
Financing of various school projects for the City of East Providence
and the Foster-Glocester Regional School District
08/01/07 $19,615,000 Public School Pool
Financing of various school projects for the Town of Barrington,
City of Central Falls, Town of North Kingstown and Town of Tiverton
05/01/07 $38,450,000 Public School Pool
Financing of various school projects for the Bristol Warren
Regional Schools, Foster-Glocester Regional School District, Town of
Little Compton, Town of Glocester and Town of Portsmouth