Affordable homes often follow smart growth, environmentally friendly design 
principals. Public investment in affordable homes has provided a strategic stimulus to Rhode Island's economy. Architectural standards and adequate maintenance strongly influence
property values. Key Studies have quantified the economic impact and multiplier effect of
investing in affordable homes. Negative effects are being felt in communities that don’t have an adequate 
supply of affordable homes.
Fact
Click | Left Click | Right

Affordable homes often follow smart growth, environmentally friendly design principals.

Affordable homes take into account the surroundings and the neighborhood. They are often designed to improve the overall character of the community where they are built.

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.

Architectural standards and adequate maintenance strongly influence property values.

Properly maintained affordable housing developments, designed and built with sensitivity to the architectural and aesthetic standards desired by the community, may even increase property values.

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.

Negative effects are being felt in communities that don’t have an adequate supply of affordable homes.

Businesses in these communities struggle to fill vacant jobs and a growing number of workers cannot afford to live in the communities they serve.

warning: Parameter 1 to hwri_user_login_block() expected to be a reference, value given in /mnt/target02/350461/501661/www.housingworksri.org/web/content/includes/theme.inc on line 669.

Congratulations to Partners in Housing honorees

Governor Lincoln D. Chafee and Richard Godfrey, Executive Director of Rhode Island Housing, last week co-hosted the 2013 Partners in Housing Awards ceremony at the State House. The ceremony recognized award recipients for their collective contribution to addressing the housing needs of our state. This year's honorees were:

Read more >

Olney Village Ribbon Cutting

On Friday, May 17th at 2 p.m., Olneyville Housing Corporation is hosting a ribbon cutting celebrating the completion of Olney Village.

Elected officials, community partners and neighborhood residents will join to celebrate the transformation of 12 foreclosed properties and several vacant lots into 40 safe, affordable homes for families.

Centered around the William D'Abate Elementary School, Olney Village also includes three community spaces for local nonprofits and a permanent home for the Olneyville Food Center.

Read more >