HousingWorks RI today released its annual Fact Book on housing. The 2011 Fact Book features the overwhelming success of the state’s housing bond, also known as Building Homes Rhode Island (BHRI).
Passed in 2006 by majorities of voters in every city and town, the $50 million housing bond resulted in the development of 1,255 long-term affordable homes for Rhode Islanders in 30 communities – that’s 255 more than expected. 80 percent of the long-term affordable homes developed were rental, and 20 percent were home-ownership.
Read more >