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ProJo: State housing agency approves financing for Smithfield development

A financing package for a 42-unit affordable housing development in the Georgiaville section of Smithfield was approved Thursday by the Rhode Island Housing Board of Commissioners. The board unanimously approved $837,000 in 2018 low-income housing tax credits, a first mortgage of $190,000, and a second mortgage of $379,000.

Curbed: Why tiny ADUs may be a big answer to the urban housing crisis

For cities starved of new housing, staring down an affordability crisis, and desperate for density, the opportunity to inexpensively add housing units seems to good to be true. But that’s the promise made by proponents of accessory dwelling units, or ADUs: small structures, typically totaling under 1,000 square feet, built on the property of existing homeowners.

ProJo: R.I. real estate: 2017 — a really hot market

House sales increased in Rhode Island for the fifth consecutive year in 2017, creating a “hot” market despite falling inventory, according to the Rhode Island Association of Realtors.

Coventry Courier: Residents take ownership of Sherwood Village

Sherwood Village Mobile Home Park is now officially owned by the residents and more than 170 homeowners that reside there. This week neighbors celebrated the $7.5 million purchase that now makes the village off Hill Farm Road a resident-owned Cooperative Corporation.

HUD: Office of Capital Improvements Highlights

The PIH Office of Capital Improvements administers the Capital Fund. The Capital Fund provides funds, annually, to Public Housing Agencies (PHAs) for the development, financing, and modernization of public housing developments and for management improvements.

NYT: Tax Overhaul Is a Blow to Affordable Housing Efforts

The last time that Congress approved a sweeping overhaul of the federal tax code, in 1986, it created a tax credit meant to encourage the private sector to invest in affordable housing. It has grown into a $9 billion-a-year social program that has funded the construction of some three million apartments for low-income residents.

PBN: R.I. Housing approves $837K in low-income housing tax credits for Smithfield development

The R.I. Housing Board of Commissioners approved $837,000 in 2018 low-income housing tax credits for the Georgiaville Village Green housing development in Smithfield, the agency announced Thursday.

HUD Exchange: FY17 Youth Homelessness Demonstration Program (YHDP) Application is Now Available

The Notice of Funding Availability (NOFA) for the FY 2017 Youth Homelessness Demonstration Program (YHDP) has been posted to the YHDP page on the HUD Exchange.