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Enews Archives

July 26, 2006

New "Money" magazine report: Providence leads nation in housing appreciation
A recent report by Money magazine ranks Providence first in the growth of housing prices among American cities last year. This statistic has serious implications for the health of the city's neighborhoods and economy.

The study reports the median Providence sales price jumped 52.4 percent from 2004 to 2005. The median price of a single family house in Providence jumped from $75,000 to $210,000 from 1999 to 2005, while the average monthly rent for a two-bedroom apartment increased to $1,097 in 2005.

Read HousingWorks RI's press release on the report.

New affordable homes in Newport
U.S. Rep. Patrick Kennedy will join Church Community Housing Corporation and Newport County Community Mental Health Center to dedicate Freedom Apartments, 10 permanent supportive apartments for people with mental illness, on August 1 at 9:30 a.m.

Freedom Apartments received $200,000 under the state's Neighborhood Opportunities Program, a critical plank of the HousingWorks RI platform. State Sen. June Gibbs and Rep. Bruce Long are expected to attend the ribbon-cutting at 1409 West Main Road in Middletown.