Latino homeowner households in RI face challenges Housing cost burdens decrease the purchasing power of nearly 71,500 renter households in Rhode Island Key Studies have quantified the economic impact and multiplier effect of
investing in affordable homes.
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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.

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.

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HousingWorks RI at RWU Director Position Posted

The HousingWorks RI at Roger Williams University Director position has been posted, and is currently live on the Roger Williams University website. If you are interested in applying, you may find a description, the necessary requirements, etc. here.  

If there are any questions, please do not hesitate to email Amy Cola at acola@rwu.edu.

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Q3 2015 Quarterly Foreclosure Report

HousingWorks RI at Roger Williams University (HWRI) today released its analysis of foreclosures in Rhode Island for Q3 2015. 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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Board Chair Richard Staples Jr. To Serve As Interim Leader Of HousingWorks RI at RWU

Roger Williams University has appointed Richard Staples Jr. to serve as interim director of HousingWorks RI at Roger Williams University – where he has served on the policy group’s advisory board since 2004 and named chair in July – while it launches a search for a permanent leader.

A veteran of the financial services and mortgage industries, Staples brings more than 25 years experience to the role. For nearly 13 years, he served as a community development and lending specialist with mortgage loan company Fannie Mae. Previously, he was senior vice president for community reinvestment and regulatory compliance at the Peoples Savings Bank of Brockton (now Webster Bank). He’s also held leadership roles at Fleet Financial Group and Bank of New England.

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