On September 1, United States Department of Housing and Urban Development (HUD) Secretary Shaun Donovan announced an unprecedented agreement with the nation's top mortgage lenders to offer selected state and local governments, and nonprofit organizations a "first look" or right of first refusal to purchase foreclosed homes before making these properties available to private investors.

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In 2006, voters in Rhode Island overwhelmingly passed a $50 million housing bond to build affordable homes in the Ocean State. Building Homes Rhode Island is the state program created to disburse $12.5 million a year over four years. This video documents the progress made through Building Homes Rhode Island during its first three years.

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Affordable housing development is going green and is helping to strengthen the state’s economy according to HousingWorks RI’s 2010 Fact Book on housing. The 2010 Fact Book examines the current state and future opportunities in the development of affordable homes in Rhode Island. Affordable homes are being built with green features and technologies that are also contributing to the growth of the green economy and jobs in the building trades.

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On Monday, August 16, Crossroads Rhode Island broke ground for Kingstown Crossings, an affordable rental development in North Kingstown. The new affordable homes are being developed on a vacant parcel of land adjacent to former Navy housing that has provided homes to formerly homeless families.

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Join HousingWorks RI as we unveil the 2010 Fact Book and kickoff a discussion on the future of affordable homes in Rhode Island.

This breakfast event will feature a panel discussion about the connection between the development of affordable homes in Rhode Island and the emerging green economy in the state.

Panelists include:

• Madeline Fraser Cook, Program Director, LISC Green Development Center

• Donald Powers, President/Principal, Donald Powers Architects

• Keith Stokes, Executive Director, Rhode Island Economic Development Corporation

• Laurie White, President, Greater Providence Chamber of Commerce

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In 2006, an overwhelming majority of Rhode Island voters in every city and town said yes to funding the rehabilitation or development of quality affordable rental and ownership homes throughout the state. The Building Homes Rhode Island (BHRI) program was then created to distribute the approved $50 million housing bond, with $12.5 million awarded every fiscal year over four years.

This Issue Brief provides detailed information about the homes being built with funds received during the third year of the program (FY 2009-10).

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Sandywoods Farm in Tiverton, Rhode Island has been named among the finalists for Affordable Housing Finance (AHF) magazine's 6th annual Readers' Choice Awards.

In an article in their July/August issue entitled The Nation's Best, AHF describes how they received 140 nominations this year, from which they carefully selected the 33 finalists in nine categories. Sandywoods Farm is one of three finalists named in the Master-Planned/Mixed-Use category.

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The House Financial Services Committee today approved H.R. 4868, the Housing Preservation and Tenant Protection Act of 2010.

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The Center for Housing Policy just launched a new online toolkit that highlights residential energy efficiency solutions available for families and policymakers.

The toolkit offers strategies to improve the efficiency of existing single-family and multifamily homes, with a special focus on low- and moderate-income households.

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Join HousingWorks RI as we unveil the 2010 Fact Book and kickoff a discussion on the future of affordable homes in Rhode Island.

This event will take place on Tuesday, August 31 from
8:00 - 9:15 am at the Crowne Plaza, 801 Greenwich Avenue in Warwick, RI.

For more information, email events@HousingWorksRI.org, call (401) 274-4564 (x4177) 

Register online for this event.

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