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.
Fact
Click | Left Click | Right

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.

  • strict warning: Declaration of views_handler_filter_node_status::operator_form() should be compatible with views_handler_filter::operator_form(&$form, &$form_state) in /mnt/stor17-wc1-ord1/350461/501661/www.housingworksri.org/web/content/sites/all/modules/views/modules/node/views_handler_filter_node_status.inc on line 0.
  • strict warning: Declaration of views_plugin_style_default::options() should be compatible with views_object::options() in /mnt/stor17-wc1-ord1/350461/501661/www.housingworksri.org/web/content/sites/all/modules/views/plugins/views_plugin_style_default.inc on line 0.
  • warning: Parameter 1 to hwri_user_login_block() expected to be a reference, value given in /mnt/stor17-wc1-ord1/350461/501661/www.housingworksri.org/web/content/includes/theme.inc on line 669.

South County Independent: RI Association of Realtors supports South County Habitat for Humanity accessible home remodel

The Rhode Island Association of Realtors recently made a contribution of $5,000 to South County Habitat for Humanity to be used for the remodeling of an area home to make it handicap-accessible for a future homeowner. South County Habitat is remodeling a one-level, single-family area home for a single mother and her 7-year old, Christian. As a baby, Christian suffered an accident and was left with severe developmental and physical disabilities. In their current living situation, Christian’s mother, Catherine, carries him up three flights of stairs, as they live in a cramped third-floor walk-up apartment. Christian’s doctors give him 4-5 years to live because of the current living situation and the pressure on his spine from the endless hours spent in a wheelchair.

Read more >

The Providence American: Direct Action for Rights and Equality Sends a Message to the Providence Housing Authority

Wednesday, March 1, 2017 - Providence, RI - Early this morning a number of volunteers from the Providence community came together to drop a banner in front of the Providence Housing Authoritys Administrative office. Around 8am an unknown volunteer from the community entered the building and hung an approximately 20 foot banner from the fifth floor. The banner reads, Unified Families + Stable Housing = Rehabilitation | Fair Housing Now | Sign the petition online @ bit.ly/fair-housing-pvd. The banner action is one in a series of actions throughout the day that are in line with #cut50 campaigns Day of Empathy!

Read more >

Livable Home Tax Credit- H-5778 and S-477

What is a Livable Home Tax Credit

  • It is a tax credit provided to homeowners that make modifications to homes to improve accessibility and universal visitability.

Why it is needed? Demographic changes. In the next 15 years it is projected that the age 65 + population will increase by 40%. Accessible housing will become a significant issue in the future.

Read more >