Company News, In the Community

Washington Trust Supports Crossroads Rhode Island Affordable Housing Development in Providence

October 18, 2023

Michelle Wilcox, President at Crossroads RI; Karen Santilli, Chief Executive Officer at Crossroads RI; Rolando Lora, Executive Vice President, Chief Retail Lending Officer and Director of Community Lending at Washington Trust; and John MacDonald, Chief Program Officer at Crossroads RI visit the future site of 176 new and affordable one-bedroom permanent supportive housing apartments at 94 Summer Street in Providence

Westerly, R.I. – The Washington Trust Company (“Washington Trust”) today announced a commitment totaling $50,000 to support Crossroads Rhode Island’s Roads to Home Capital Campaign. The donation, which will be paid over five years, will help Crossroads develop more than 300 affordable permanent supportive housing (PSH) apartments in Providence.

“Through their leadership, expertise, and experience, Crossroads plays a critical role in addressing homelessness in Rhode Island,” says Rolando Lora, Executive Vice President and Chief Retail Lending Officer. “We are proud to support their bold Roads to Home housing vision and honored to work alongside them via the Federal Home Loan Bank program to bring some of these housing investments to fruition.”

“We know affordable housing opportunities, coupled with programs to support mental health, physical health, and workforce development, is the solution to ending homelessness,” says Karen Santilli, CEO of Crossroads Rhode Island. “Our Roads to Home Capital Campaign outlines a vision that brings equity, access, and opportunity to our clients, and we are grateful to enthusiastic partners like Washington Trust for their support.”

Crossroads capital campaign has three interconnected priorities:

  • 160 Broad Street Reimagined: renovation of 84 one-bedroom PSH apartments for adults with high needs, as well as repairs and upgrades to the existing Women’s Shelter and Community Room;
  • 371 Pine Street: development of a first-of-its-kind in Rhode Island health and housing facility reserved for medically vulnerable adults experiencing homelessness that will provide 36 new PSH apartments;
  • 94 Summer Street: development of 176 new and affordable one-bedroom PSH apartments to support individuals experiencing long-term homelessness.

Crossroads is still soliciting support to help them reach their $15 million campaign Goal. To be a part of their vision of a Rhode Island where everyone has a place to call home, contact Beth DeGerlia at 401-277-4330 or [email protected].

View more company news