Latino homeowner households in RI face challenges Housing cost burdens decrease the purchasing power of nearly 71,500 renter households in Rhode Island Public investment in affordable homes has provided a strategic stimulus to Rhode Island's economy. Key Studies have quantified the economic impact and multiplier effect of
investing in affordable homes. Rhode Islanders who spend more than half their incomes on housing cannot fully participate in their local economies.
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Latino homeowner households in RI face challenges

The majority of Latino homeowners have had their mortgage for less than 10 years and more than half (56 percent) of these Latinos are housing cost burdened.

Housing cost burdens decrease the purchasing power of nearly 71,500 renter households in Rhode Island

If these cost burdened renters were in homes that were affordable to them, close to $400 million in purchasing power could benefit other parts of the economy.

Public investment in affordable homes has provided a strategic stimulus to Rhode Island's economy.

Close to 60% of the total estimated cost of residential construction permitted from 2007 through 2010 was for developments supported by the Building Homes Rhode Island program.

Key Studies have quantified the economic impact and multiplier effect of investing in affordable homes.

In Rhode Island, the $50 million invested in the Building Homes Rhode Island program generated close $800 million in total economic activity throughout the state- $15.80 per $1 of funding deployed.

Rhode Islanders who spend more than half their incomes on housing cannot fully participate in their local economies.

A state investment in affordable homes helps to keep rents affordable for low- and moderate-income Rhode Islanders. National research finds that low-income families with have high rental costs, spend 52% less on clothing and 24% less on food than families with affordable housing. [Learn more in: The Complete Approach to Funding Affordable Housing]

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Latino Households Face Challenges in Rhode Island Homebuyer Market

HousingWorks RI (HWRI) and the Latino Policy Institute (LPI), its sister policy group at Roger Williams University, released an infographic today that shows the challenges facing Latino homeowners and some of the conditions preventing Rhode Island’s Latino renters from entering the homebuyer market.

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Q3 2014 Foreclosures in Rhode Island

HousingWorks RI at Roger Williams University today released its analysis of foreclosures in Rhode Island for Q3 2014. The report looks at the number of residential foreclosures in each of Rhode Island’s 39 cities and towns and offers regional comparisons.

Quick Glance Findings:

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More senior women in Rhode Island burdened by housing costs

More senior women “heads of households” own their homes today, but for those with a mortgage, the cost burden is high. A new infographic released today by HousingWorks RI at Roger Williams University (HWRI) and the Women’s Fund of Rhode Island offers a glimpse at Rhode Island households headed by women aged 65+.

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