![]() ![]() To develop an affordable, equitable rental rate structure for student housing in River House, Brown has launched a working group to complete a full review of rental rates and amenities across Brown-owned graduate student housing. Brown plans to adapt River House’s current rental fee structure, which was developed for a commercial rental market, to align closer to the needs of graduate and medical students. With the capacity to house 270 students in a mix of 174 studio, one-bedroom and two-bedroom apartments, the building will address a need expressed directly for years by Brown graduate students seeking affordable, high-quality housing options in proximity to the University’s campus, according to Provost Richard M. The University acquired the housing development through a subsidiary to ensure no disruption to the continuity of River House’s tax revenue to the City of Providence, while also supporting Brown’s academic goals of advancing the campus-centered educational experience of students in graduate and medical programs. ![]() ![]() Through a subsidiary named River House Holdings, LLC, Brown University has purchased River House, a 174-unit residential building completed by commercial developers in 2019 and located at 1 Point Street in Providence, and will transition the complex into housing for Brown graduate and medical students. ![]()
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