Rhode Island
Last checked 2026-06-16
25
Designated tracts (of 55 eligible)
1
Rural designated — QROF treatment
14
Former OZ 1.0 tracts redesignated
57
Days until designations take effect
How Rhode Island chose
Treasury published the final list on October 30, 2026. Rhode Island designated 25 of 55 eligible tracts, its full allocation, in 4 of 4 counties with eligible tracts. Designations take effect January 1, 2027 and run through December 31, 2036.
Compared with the eligible tracts it passed over, Rhode Island favored former OZ 1.0 tracts, less dense tracts and tracts with prior NMTC deals.
| Trait | Designated | Passed over |
|---|---|---|
| Former OZ 1.0 tract | 56% | 6.7% |
| Rural (QROF) | 4% | 0% |
| Urban Institute Tier 1 | 40% | 43.3% |
| Median poverty rate | 22.9% | 23.8% |
| Median family income, % of area | 59.8% | 60.9% |
| Residents of color (mean) | 60.4% | 70% |
| Median density, people / sq mi | 9,870 | 13,436 |
Poverty and income: Treasury's own eligibility figures (ACS 2020–2024). Demographics: ACS 2020–2024. Former OZ 1.0 = at least half the tract's land area was in a 2018 QOZ. How every state compares →
Record: how Rhode Island ran its nomination input process
Nomination process
The lead agency has been identified, but no public process has been published yet. Contact information is below.
Map: designated and eligible tracts
Loading 55 eligible tracts…
Designated tracts by county
The county is usually the first local partner on an OZ deal — zoning, infrastructure, incentives. CDEs listed are New Markets Tax Credit allocatees that have already financed deals inside this county's designated tracts: the organizations with a working track record of underwriting there.
| County | Designated / eligible | Rural | OZ 1.0 kept / lost | Residents | NMTC CDEs active in designated tracts |
|---|---|---|---|---|---|
| Providence County | 21 / 50 | — | 12 / 6 | 82,534 | Banc of America CDE, LLC; Brownfield Revitalization, LLC; Civic Builders, Inc.; Community Health Center Capital Fund, Inc.; Consortium America, LLC; Local Initiatives Support Corporation; MHIC NE New Markets CDE II LLC; Morgan Stanley New Markets, Inc.; National Trust Community Investment Corporation; Reinvestment Fund, Inc., The; Rockland Trust Community Development Corporation; Rockland Trust Community Development Corporation II; Rockland Trust Community Development LLC; Self-Help Ventures Fund; USBCDE, LLC; Wachovia Community Development Enterprises, LLC |
| Newport County | 2 / 2 | — | 1 / 0 | 6,545 | — |
| Kent County | 1 / 2 | — | 0 / 1 | 5,050 | — |
| Washington County | 1 / 1 | 1 | 1 / 2 | 4,610 | — |
Counties with no designated tracts are listed only if they lost OZ 1.0 tracts. NMTC: CDFI Fund NMTC public data release. 16 distinct CDEs across Rhode Island's designated tracts.
Find projects and partners in the designated tracts
Every designated tract in Rhode Island, tagged by the signals that point to a project type or a partner. Pick tags to narrow the list — a tract must carry every tag selected. Tags are simple published rules, not a score; hover a tag for its definition.
25 of 25 tracts shown
Download all eligible tracts, national (CSV) →| Tract | County | Pov. | MFI | Pop. | Rent. | Vac. | Signals | Prior NMTC CDEs |
|---|---|---|---|---|---|---|---|---|
| 44003021700 Cranston | Kent County | 11.6% | 62.6% | 5,050 | 13.1% | 2.5% | CRA-eligibleUI Tier 1 | — |
| 44005040500 | Newport County | 25.9% | 37% | 4,480 | 60.2% | 4.1% | Former OZ 1.0CRA-eligibleHousing pressureUI Tier 1 | — |
| 44005041200 Pawtucket | Newport County | 33% | 73.4% | 2,065 | 100% | 13.1% | CRA-eligible | — |
| 44007000101 Providence | Providence County | 27% | 61.8% | 3,948 | 36.8% | 3.6% | Former OZ 1.0NMTC track recordCRA-eligible | Rockland Trust Community Development Corporation; Rockland Trust Community Development LLC $67.6M · 9 deals |
| 44007000600 | Providence County | 22.5% | 64.1% | 2,003 | 51.3% | 9.2% | Former OZ 1.0NMTC track recordCRA-eligible | Banc of America CDE, LLC; Brownfield Revitalization, LLC; Consortium America, LLC; MHIC NE New Markets CDE II LLC; Rockland Trust Community Development Corporation $32.4M · 6 deals |
| 44007000700 Providence | Providence County | 45.3% | 59.8% | 2,399 | 84.7% | 6.9% | NMTC track recordHousing pressure | MHIC NE New Markets CDE II LLC; Reinvestment Fund, Inc., The; Rockland Trust Community Development Corporation II $19.7M · 3 deals |
| 44007000800 Woonsocket | Providence County | 22.2% | 104.2% | 4,872 | 87.8% | 9.2% | Former OZ 1.0NMTC track recordHousing pressureUI Tier 1 | Banc of America CDE, LLC; Consortium America, LLC; National Trust Community Investment Corporation; Rockland Trust Community Development Corporation; Rockland Trust Community Development Corporation II $43.0M · 10 deals |
| 44007001601 | Providence County | 17.5% | 57.5% | 3,483 | 63.8% | 13.9% | NMTC track recordCRA-eligibleHousing pressure | Community Health Center Capital Fund, Inc. $16.8M · 1 deal |
| 44007001900 | Providence County | 26.8% | 60.9% | 6,409 | 72.8% | 14.1% | Former OZ 1.0NMTC track recordCRA-eligibleHousing pressureUI Tier 1 | Consortium America, LLC; Local Initiatives Support Corporation; Rockland Trust Community Development Corporation; Rockland Trust Community Development LLC; Wachovia Community Development Enterprises, LLC $22.9M · 5 deals |
| 44007002500 | Providence County | 23.3% | 84.4% | 3,484 | 69.2% | 14.6% | Former OZ 1.0NMTC track recordCRA-eligibleUI Tier 1 | Brownfield Revitalization, LLC; Consortium America, LLC; Local Initiatives Support Corporation; Rockland Trust Community Development Corporation; USBCDE, LLC $58.7M · 7 deals |
| 44007010200 Pawtucket | Providence County | 13.5% | 67.5% | 5,850 | 49.4% | 10.6% | | — |
| 44007010800 | Providence County | 31% | 39.3% | 6,300 | 80.8% | 9% | CRA-eligibleUI Tier 1 | — |
| 44007010900 | Providence County | 22% | 47.7% | 5,439 | 70.3% | 10% | NMTC track recordCRA-eligibleHousing pressureUI Tier 1 | Morgan Stanley New Markets, Inc. $0.8M · 1 deal |
| 44007011100 | Providence County | 16.6% | 43% | 4,688 | 79.9% | 7.3% | Former OZ 1.0NMTC track recordCRA-eligibleHousing pressure | Civic Builders, Inc. |
| 44007013701 | Providence County | 21.1% | 90.4% | 4,582 | 38% | 6.1% | | — |
| 44007014100 | Providence County | 27.3% | 59.7% | 4,174 | 48.3% | 5% | CRA-eligible | — |
| 44007015100 Central Falls | Providence County | 12.1% | 48.4% | 3,998 | 80.8% | 3.7% | Former OZ 1.0CRA-eligibleHousing pressureUI Tier 1 | — |
| 44007015200 | Providence County | 37.9% | 67.1% | 2,945 | 86.5% | 6.8% | Former OZ 1.0NMTC track recordCRA-eligible | Rockland Trust Community Development LLC $8.0M · 1 deal |
| 44007016100 | Providence County | 12.8% | 59.8% | 4,304 | 66.6% | 15.3% | Former OZ 1.0NMTC track recordCRA-eligibleHigh vacancyUI Tier 1 | Rockland Trust Community Development Corporation; Rockland Trust Community Development Corporation II $2.6M · 2 deals |
| 44007016700 Central Falls | Providence County | 12.5% | 48.9% | 3,403 | 73.4% | 3.5% | Former OZ 1.0NMTC track recordCRA-eligibleHousing pressure | Rockland Trust Community Development Corporation |
| 44007017900 | Providence County | 32.4% | 64.6% | 2,985 | 85.2% | 15.1% | Former OZ 1.0CRA-eligibleHousing pressureHigh vacancy | — |
| 44007018000 Providence | Providence County | 18% | 45.9% | 2,585 | 90.9% | 11.4% | Former OZ 1.0NMTC track recordCRA-eligibleUI Tier 1 | Rockland Trust Community Development Corporation II; Self-Help Ventures Fund $45.7M · 3 deals |
| 44007018100 Providence | Providence County | 29.3% | 50.4% | 3,178 | 77.5% | 13.3% | NMTC track recordCRA-eligibleHousing pressure | Rockland Trust Community Development Corporation $1.7M · 1 deal |
| 44007018300 | Providence County | 22.9% | 43.7% | 1,505 | 85% | 14.2% | CRA-eligibleHousing pressure | — |
| 44009051504 Pawtucket | Washington County | 32.5% | 116% | 4,610 | 34% | 43.4% | Rural / QROFFormer OZ 1.0High vacancy | — |
Reading the signals for projects
- Rural / QROF — a rural QOF investment gets a 30% basis step-up at five years, and existing buildings need only 50% improvement. Rehab of existing stock pencils here in ways it does not elsewhere. Mechanics →
- Housing pressure — mostly renters, most of them cost-burdened. Housing deals here have demand; they also carry displacement risk, which is where community benefit terms matter.
- High vacancy — vacant structures to bring back. Pair with the 50% rural improvement threshold where both apply.
- UI Tier 1 — the Urban Institute's read that private capital is likely to come and the impact would be larger.
Reading the signals for partners
- NMTC track record — the listed CDEs have underwritten deals in this exact tract. They know the market and can layer NMTC with OZ equity. How they stack →
- CRA-eligible — bank investment here earns CRA credit. Start with community development officers at banks with branches in the county.
- Former OZ 1.0 — QOFs and sponsors may already hold assets here. They are the most likely early OZ 2.0 investors and know the local approvals path.
- Tribal — the tribal government is a principal, not a stakeholder to consult. Persistent poverty — USDA Rural Development programs can fill gaps.
Data context
7
Eligible tracts in EIG DCI top distress quintile
The EIG Distressed Communities Index (2019–2023) is referenced in many state scoring rubrics. Quintile 1 = most distressed. See whether OZ 1.0 reached the most distressed places →
0
Counties with eligible tracts designated USDA persistent poverty
Persistent poverty = 20%+ poverty rate in every census 1980–2010. Source: USDA ERS County Typology Codes (2015 edition). Relevant for USDA RD program eligibility and QROF rural bonus. See QROF rural bonus mechanics →
60
Prior NMTC investments in eligible OZ tracts
CDFI Fund NMTC Public Data Release (2024). Indicates prior CDFI capital deployment track record in these tracts. See how NMTC and OZ stack →
46
Eligible tracts with CRA designation (LMI or distressed/underserved)
Banks earn CRA credit for investing in low- or moderate-income tracts (Track 1), and in non-metropolitan middle-income tracts officially designated distressed or underserved by FFIEC (Track 2). When an OZ project sits in a CRA-eligible tract, bank capital can satisfy CRA obligations while generating OZ tax benefits. How CRA and OZ interact →
Cities: Providence, Pawtucket, Woonsocket, Central Falls, Cranston and 7 more
ZIP codes: 02860, 02909, 02908, 02907, 02895 and 18 more
See all 12 cities and 23 ZIP codes
All cities:
Providence, Pawtucket, Woonsocket, Central Falls, Cranston, Johnston, Lincoln, Newport, Warwick, Middletown, North Providence, West Warwick
All ZIP codes:
02860, 02909, 02908, 02907, 02895, 02863, 02905, 02904, 02920, 02861, 02903, 02919, 02910, 02840, 02865, 02841, 02893, 02889, 02886, 02911, 02862, 02842, 02940
Look up a specific tract (FFIEC) → Source: FFIEC Census Flat File 2026, joined to IRS Rev. Proc. 2026-14 eligible tracts.
23
Eligible tracts in top investability quintile (Urban Institute model)
The Urban Institute investability model scores OZ-eligible tracts by predicted likelihood of attracting private capital, based on OZ 1.0 investment patterns. Quintile 1 = highest predicted investability among scored tracts. Not all tracts are scored — coverage reflects tracts with sufficient OZ 1.0 data.
Who to contact
Rhode Island Commerce Corporation
https://commerceri.com/site-selection/opportunity-zones/giselle.mahoney.ctr@commerce.ri.gov
(401) 278-9100
Certified CDFIs
2 certified CDFIs headquartered in Rhode Island. CDFI Fund certified list →
USDA Rural Development
USDA RD Rhode Island State Office →RCAP Regional Partner
RCAP Solutions →Rural LISC
Rural LISC →Native / tribal
No formal tribal consultation process has been published for Rhode Island's OZ 2.0 nomination. If your jurisdiction contains or is adjacent to tribal land, contact the relevant Tribal Historic Preservation Office (THPO) or tribal government directly before submitting a nomination.
Designations: Treasury, 2027 QOZ designations and revised eligible-tract file (October 30, 2026). Demographics: ACS 2020–2024 5-year. OZ 1.0: IRS Notice 2018-48, crosswalked to 2020 tracts. Eligible tract counts: IRS Rev. Proc. 2026-14 (April 6, 2026). Rural designation: Notice 2025-50, Section 4.01. Status tier last verified 2026-06-16. Full methodology.