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Q1 2014 Foreclosures in Rhode Island

HousingWorks RI today released its analysis of foreclosures in Rhode Island for Q1 2014. The report looks at the number of foreclosures in each of Rhode Island’s 39 cities and towns and offers regional comparisons.

Quick Glance Findings:

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Challenges Facing Latinos and Other Minorities in Securing Home Loans

A recent analysis by The Latino Policy Institute at Roger Williams University and HousingWorks RI looks at who seeks access to capital in Rhode Island to purchase a home.

Our joint infographic, “Latinos and Housing 2014,” released earlier this year found that while 60 percent of all RI householders own their home; only 25 percent of Latino householders own theirs. The process to secure capital necessary to purchase and own your own home can be challenging, as evidenced by the racial disparities.

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Flood insurance and housing affordability

By: Kristen Walsh

Last month, President Obama signed a flood insurance relief bill which will help make flood insurance more affordable for homeowners. The "Homeowner Flood Insurance Affordability Act of 2013" is a response to increased flood insurance premiums that were unaffordable to homeowners living in high-risk areas for floods. These increased premiums came into effect after the government’s flood insurance program was revamped in 2012.

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LISC Breakfast Forum

The RI LISC office is hosting Jan Brodie, the featured speaker at their first Breakfast Forum of 2014. The Executive Director of the I-195 Redevelopment District Commission, Jan Brodie has a long list of achievements including the Bourne Mill in Tiverton, an apartment complex that offers affordable housing to qualified individuals.

 Join her at the Breakfast Forum being held Thursday March 27th 2014 from 8:30AM – 10:30AM. 146 Clifford Street Providence RI.

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State Farm Neighborhood Assist

Is there a cause in your community that is close to your heart? Is there a positive change you’d like to make but don’t have the necessary funding? Look no further than State Farm Neighborhood Assist.

State Farm Neighborhood Assist is looking for members of the community to submit an application exclusively through Facebook in order to help with projects within that community where help would have been otherwise uncertain. The three funding categories include safety, community development, and education.

The submission period runs from March 3rd to the 23rd, but only a limited number of submissions will be accepted.

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South Light - Lighting Installation Day Two

Be among the first to witness the South Light lighting installation being held this weekend, February 6th and 7th at the Grace Church cemetery. RISD students, along with SWAP and a number of other community organizations and businesses are working to raise awareness surrounding the Grace Church cemetery, with the goal to improve its overall condition.

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South Light - Lighting Installation

Be among the first to witness the South Light lighting installation being held this weekend, February 6th and 7th at the Grace Church cemetery. RISD students, along with SWAP and a number of other community organizations and businesses are working to raise awareness surrounding the Grace Church cemetery, with the goal to improve its overall condition.

Don’t miss out on the lights, music, and complimentary refreshments to be had! Join RISD students as well as other members of the community at the corner of Broad Street and Elmwood Avenue in Trinity Square.

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Building Homes Rhode Island - Year Five Update

BHRI Year 5Building Homes Rhode Island (BHRI) is well underway for its fifth year. The program was established by the state’s Housing Resources Commission (HRC) to distribute Rhode Island’s housing bonds that support the capital costs of affordable housing. The first $50 million housing bond was approved by voters in 2006 and supported the development of over 1,300 long-term affordable homes in 30 Rhode Island communities over four years.

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Bank of America awards grant to HousingWorks RI

The Charitable Foundation of Bank of America has awarded a grant of $10,000 to HousingWorks RI (HWRI) to support research and data analysis quantifying the need and importance of developing long-term affordable homes in Rhode Island.

"We would like to thank Bank of America for this generous award," said Nicole Lagace, HousingWorks RI's interim executive director. "This financial support will help our work communicating how strategic investments in long-term affordable homes can create vibrant communities that attract businesses and stabilize neighborhoods blighted by foreclosures."

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Ribbon cutting in North Kingstown

On Tuesday, October 29th, North Dartmouth Properties, Inc. and their community partners will be joined by elected officials and neighborhood residents to celebrate a ribbon cutting for 38 new, affordable, rental homes in North Kingstown.

Known as North Cove, the development features a compact, traditional design, with a clustering of homes within a residential community. These homes enjoy convenient access to highways, major employment centers, public schools, public transportation, and a variety of retail and shopping areas.

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