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

53% of the total estimated cost of residential construction permitted from 2007 to 2010 was for developments supported by the Building Homes Rhode Island program.

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.

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.

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.

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.

Hardest Hit Fund Rhode Island Community Meeting

The Hardest Hit Fund Rhode Island (HHFRI) will host a community meeting on:

Monday, January 30th
6-7:30 p.m.
Franklin Court
530 Wood Street, Bristol, RI

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Webinar: What happens to families after foreclosure?

On Thursday, January 26th from 2-3 p.m. EST, join Foreclosure-Response.org and HousingPolicy.org for their first Live at the Forum webinar of 2012!

The webinar, entitled "Where do Families Go After Foreclosure?", will highlight the findings of a recent Urban Institute report on the impact of foreclosures on residential stability. In addition, researchers from Baltimore, New York City and Washington, D.C. will present on studies from each city and the differences that emerged.

Speakers include:

Jennifer Comey, Urban Institute

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Annual Legislative Luncheon

On Thursday, January 26th from 11:30 am to 1:15 pm, join the Greater Providence Chamber of Commerce for their Legislative Luncheon: A Forum for 2012.

Leaders from the Rhode Island Senate and House of Representatives will answer questions regarding the many critical issues facing the business community.

This event will be held at the Rhode Island Convention Center 5th floor ballroom located at One Sabin Street in Providence.

Click here for more information on this event.

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