Prospect Redevelopment III LP

Prospect Redevelopment III LP, a Pawtucket, Rhode Island-based limited liability partnership, is a recipient of federal grants under the Department of Housing and Urban Development's Family Self-Sufficiency (FSS) Program, funding FSS coordinator positions that serve low-income families in public housing and housing choice voucher programs.

Prospect Redevelopment operates exclusively as a grant recipient, with 100% of its recent federal activity comprising three HUD FSS grants awarded January 2024 through January 2026. The FSS Program, governed by Section 23 of the 1937 Housing Act and Section 306 of the Economic Growth, Regulatory Relief, and Consumer Protection Act, funds coordinator salaries and fringe benefits. Under each grant, Prospect Redevelopment hires and retains full-time equivalent FSS program coordinators responsible for enrolling families, preparing individual training and services plans, and building partnerships with employers and service providers. The program requires grantees to serve a minimum of 25 participating families for the first funded coordinator position, with 50 additional families required for each additional coordinator. Over the five to seven-year participation period, families are expected to achieve employment or improve wages and meet individual self-sufficiency goals. Prospect Redevelopment's awards carry a combined obligation of $239 thousand across the three grants, with a single award (January 2026 grant, ultimate completion December 2026) reaching recompete within the next twenty-four months. The vendor serves solely the HUD Public and Indian Housing Office; no federal contract awards, federal contract vehicles, or subcontract activity appear in the source.