Special Report: Measuring the Economic Impact of Affordable Housing in Rhode Island
Published on May 19, 2010
Historically, the value and positive impact of affordable homes have been measured by the social benefits they provide – such as fostering stable and prosperous communities, providing shelter security to Rhode Island's working families, stabilizing blighted neighborhoods, and preventing or mitigating chronic homelessness. General assumptions about the economic benefit these homes provide to the state have been made but not measured in Rhode Island.
A Special Report just released by HousingWorks RI highlights the results of a first-of-its-kind study quantifying the economic impact of Rhode Island's housing bond dollars and their deployment through the Building Homes Rhode Island program. In the Special Report, you will find quantitative evidence that the building of affordable homes in Rhode Island is producing a high return on investment, despite our current economic climate.