525 R.I. Code R. 525-RICR-20-00-3.6

Current through October 25, 2024

Section 525-RICR-20-00-3.6 - Qualifications for Grant

A. Modifying an existing unit. In order to qualify for the grant, the modification of an existing residential unit must include at least one (1) accessibility feature as defined in § 3.4 of this Part and meet the requirements of an Existing standard as defined in § 3.4 of this Part, or provide Sensory modifications as defined in § 3.4 of this Part.

B. Grants shall be allowed under this Regulation for the modification of residential rental property provided that the owner of the rental property has submitted an affidavit declaring that the residential unit's accessibility features shall be maintained accessible for ten (10) years from the date the modification was completed.

C. Excluded from the grants are entities that are:

1. Eligible for the Federal disabled access credit established under the Internal Revenue Code, 26 U.S.C. § 44 (https://www.irs.gov/forms-pubs/about-form-8826) and R.I. Gen. Laws Chapter 44-54-1, Disabled Access Credit for Small Businesses;

2. Limited liability companies or foreign limited liability companies, as defined in R.I. Gen. Laws Chapter 7-16-2;

3. S Corporations established under Subchapter S of Chapter 1 of the Internal Revenue Code (26 U.S.C. § 1361et seq.) (https://www.irs.gov/businesses/small-businesses-self-employed/s-corporations);

4. Cooperative housing corporations, as defined in R.I. Gen. Laws Chapter 7-6.1-4; or

5. Corporations or foreign corporations, as defined in R.I. Gen. Laws Chapter 7-1.2-106.

D. Accessibility modifications that are eligible to be funded through other local, State or Federal programs are not eligible for grants.

E. No grant shall be allowed for the purchase or construction of residential rental property.

F. No grant shall be allowed if the modification is eligible for reimbursement, in whole or in part, by any healthcare insurance policy to which the individual with a disability is a beneficiary.

G. In no case shall the Commission issue any grant relating to transactions or dealings between affiliated entities.

H. In no case shall the Commission issue any grant more than once to the same or different persons relating to the same modification project.

525 R.I. Code R. 525-RICR-20-00-3.6

Amended effective 11/12/2018
Amended effective 10/22/2019
Amended effective 8/23/2021
Amended effective 3/19/2023