Housing cost burdens decrease the purchasing power of nearly 56,000 owner households in Rhode Island
Under the ACA, Accountable Care Organization (ACO) structures aid in the transformation from a volume-based system to a value-based system Key Studies have quantified the economic impact and multiplier effect of
investing in affordable homes. Public investment in affordable homes has provided a strategic stimulus to Rhode Island's economy.
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Housing cost burdens decrease the purchasing power of nearly 56,000 owner households in Rhode Island

If these cost burdened owners were in homes that were affordable to them, close to $500 million in purchasing power could benefit other parts of the economy.

Under the ACA, Accountable Care Organization (ACO) structures aid in the transformation from a volume-based system to a value-based system

Rhode Island spends 81 cents of every elder and adult-disabled long-term care dollar on nursing home care, 33% higher than the national average.

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

A 12% to 13% increase in the number of households is anticipated, driven by a growing population and simultaneous decline in household size attributable to both lower birth rates and an aging population. The growing number of households will generate demand for production of an additional 34,600 to 40,200 new housing units.

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

Voters approved Question 7 on the RI ballot and agreed to invest in a $50 million housing bond, allowing the state to create affordable housing opportunity programs, and improve properties in need of revitalization. Bonds are crucial, but we need a dedicated funding stream to ensure all communities have good, quality housing that is affordable.

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RIBA: The Rhode Island Builder: July 2017

To view the July 2017 edition of the award-winning monthly magazine of the Rhode Island Builders Association, click here.

Topics for this edition include:

  • Barriers to Building, Part 7
  • 67th Annual Clambake: August 11
  • Housing Production

Read more >

Coventry Courier: HUD awards housing grant in RI

Funding intended to help Rhode Island families find and keep their homes

The U.S. Department of Housing and Urban Development (HUD) today awarded a $19,580 housing counseling grant to the Providence Housing Authority to help families and individuals with their housing needs and to prevent future foreclosures. HUD’s housing counseling grants and the additional funding they leverage will assist more than 1.4 million households nationwide find housing, make more informed housing choices, or keep their current homes.

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The Valley Breeze: Council debates affordable housing ‘requirement’ in train zone

By ETHAN SHOREY, Valley Breeze Managing Editor

PAWTUCKET – Does the use of a particular word really hurt the city?

It’s a question City Council members disagreed on last week as they debated how to keep pending developments from pricing lower income residents out of Pawtucket.

The council reached a temporary stalemate over a resolution encouraging all development around a future new train station off Pine Street and Goff Avenue (set to begin construction in 2020) to truly foster the creation of an economically diverse community.

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