Programs
2025 Capital Grant Program
The Capital Grant Program proposes to assist eligible institutions in completing capital projects or making equipment purchases that are critical to advancing their missions. Grant applicants must describe the project or equipment purchase, explain its necessity to their mission, describe the vendors or contractors who will be used, and provide a budget of the project or purchase. The budget must include other sources of funds, if any, needed to complete the project or purchase, and the status of receipt of those funds. All applications must be complete for consideration. The Board of Directors of the Rhode Island Health and Educational Building Corporation (RIHEBC) may award funds at its sole discretion.
Eligible applicants shall be:
- Nonprofit organizations:
- Private schools, K-12 or preschool programs
- Colleges and universities
- Performing arts centers
- Healthcare organizations
- Community health centers
- Mental health treatment providers
- Senior living facilities
- Public schools, K-12, including regular school districts, regional school districts, and other local education agencies that participate in the school housing aid program.
- Municipalities so long as the purpose of the capital project is specifically tailored for the betterment of public educational facilities or equipment.
Organizations who are unsure of their eligibility are encouraged to contact RIHEBC prior to completing an application.
The size of each grant will be based upon the project budget submitted by the grant applicant, but in no case will exceed $25,000. The Executive Director will present the RIHEBC Board of Directors with its Capital Grant Program recommendations and all grants will be subject to approval by the Board of Directors.
Additional requirements:
- The proposed project must be shovel ready and grant proceeds must be spent within 2 years of the grant;
- If a grant is unspent one year after the grant award, the grantee must submit a status report to the Board;
- Applicants must be current on all required filings with the Rhode Island Secretary of State’s Business Regulation Office.
Capital Grant Proposed Timeline
Finance Committee Approval: April 18, 2025
Grant notice date: April 21, 2025
Deadline for submission of application: May 7, 2025
Grant recommendations from Executive Director: May 16, 2025
Board meeting to approve grant awards: May 21, 2025
Grant award notification date: May 23, 2025
Please complete the application no later than 4:00 p.m. on May 7, 2025.
If you have any questions, please contact Jenn Almeida, Program Manager, by phone (401) 831-3770 or email (jalmeida@rihebc.com).
RIHEBC reserves the right to request additional information from any applicant.

2025 Capital Grant Application
A complete application will consist of all components listed below. Applications that are missing any of the following information will not be considered.