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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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NEW HIRE: Darryl Kosciak, Rhode Island Coalition for the Homeless Executive Director

The Rhode Island Coalition for the Homeless Board of Directors is thrilled to announce its selection of Darryl Kosiak to serve as the agency's new Executive Director.

The Coalition is grateful for the tireless work of its Search Committee, comprised of staff, board members, constituents, as well as external stakeholders. The Committee's exhaustive process resulted in the unanimous selection of our highly qualified new director.

Darryl was raised in Hopedale, MA but has called Greensboro, North Carolina home since 1995. Darryl earned his Bachelor's and Master's Degrees from UNC Greensboro (Teaching and Sport Psychology respectively) and served as the Assistant Men's Basketball Coach for UNC Greensboro Men's Basketball Team, making two trips to the NCAA tournament.

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NLIHC: President-elect Trump to Nominate Ben Carson as HUD Secretary

President-elect Trump announced on December 5 that he will nominate Dr. Ben Carson as the new secretary of the Department of Housing and Urban Development. “Ben Carson has a brilliant mind and is passionate about strengthening communities and families within those communities,” Mr. Trump said in a statement released Monday morning. “We have talked at length about my urban renewal agenda and our message of economic revival, very much including our inner cities.”

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NLIHC: HUD Issues Final Smoke-Free Public Housing Rule

HUD released the final rule requiring public housing agencies (PHAs) to implement a smoke-free policy within 18 months. The final rule has only one change from the proposed rule (see Memo, 11/16/15), adding waterpipes (hookahs) to the list of prohibited products that include cigarettes, cigars, and pipes.

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Nicolas Retsinas: Paying the rent: America’s crisis in the shadows

Eighteen years. That is how long the city of Providence, Rhode Island's waiting list for housing vouchers had been closed. This November the list opened. In less than a week, over 13,000 people signed up. The city gives out roughly 300 vouchers a year – leaving most of today’s list intact for another decade.

Providence is not unique. Nationally, more than 53% of the voucher waiting lists are closed. Applicants typically wait at least three years.

In a post-recession America, as we hope for an economic resurgence, a return of manufacturing jobs, and restoration of our crumbling infrastructure, we should know: the most dramatic recovery will not eliminate these waiting lists. In swathes of the country, desperate people will still queue.

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LISC awarded $85 million in New Market Tax Credits

The U.S. Department of Treasury has awarded billions of dollars in investment authority to the Local Initiatives Support Corporation (LISC). LISC will use its $85 million allocation of New Markets Tax Credits (NMTCs) to improve the quality of life in both urban and rural communities, focusing especially on places battered by poverty, poor health, job loss and crime.

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On behalf of RI Interfaith Coalition to Reduce Poverty: Fighting Poverty with Faith

RI Interfaith Coalition to Reduce Poverty

9th Annual Interfaith Vigil

Wednesday, January 4, 2017

3PM-4PM: Vigil at the State House Rotunda

Leaders from faith communities across the state gather together to:

• bear witness to our faith traditions’ teachings that we are to be a community that cares for all, not just some;

• call on our elected officials to govern with care, compassion and wisdom;

• propose policies for legislative action in 2017; and

• find -- and offer -- inspiration and encouragement in the struggle for economic justice.

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NY Times: Low-Income Housing: Why Not in My Neighborhood?

By: Michael Kolomatsky

When low-income housing is built, do nearby property values suffer?

Trulia looked at 3,083 low-income housing projects completed between 1996 and 2006 in the country’s 20 least-affordable markets to see whether such construction affected the values of neighboring homes. With a few exceptions, the presence of low-income housing seems to have had no impact.

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Providence Journal: Crossroads RI dedicates new affordable housing

On Monday, Crossroads Rhode Island dedicated Whitmarsh House, a new 11-unit affordable housing development on Dexter Street, at a former group home operated by Whitmarsh House, Inc. The formerly blighted property was sold to Crossroads for $1 by the nonprofit. Crossroads Rhode Island received $660,000 in City of Providence HOME funds as well as $1,240,000 through Rhode Island Housing from the Building Homes Rhode Island fun and $144,780 in Thresholds program funding, to renovate the apartments. Crossroads has also won project-based rental assistance from HUD.

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PBN: Smith Hill CDC to provide affordable housing services to Wanskuck neighborhood

PROVIDENCE – The Smith Hill Community Development Corp. has expanded its affordable housing services to the adjoining Wanskuck neighborhood of Providence.

The sister-neighborhood program, which will include CDC investment into rehabbing foreclosed homes and multifamily structures, was launched last week outside 267 Veazie St., a former vacant structure that has been renovated over the past year.

Smith Hill CDC has provided affordable housing options to the residents of Smith Hill for more than 24 years, according to Jean Lamb, executive director of the community development organization. These options include homeownership, as well as rental and landlord opportunities.

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