News & Event
To read the complete article, visit Providence Business News
By PBN Staff - July 16, 2019 1:28 pm
PROVIDENCE – The R.I. Housing and Mortgage Finance Corp. board of commissioners has approved $4.7 million via the state Acquisition and Revitalization Program to fund seven projects, R.I. Housing announced Tuesday.
The ARP-funded projects will build and restore a combined 92 homes and five new public facilities with 110,222 square feet of commercial space.
The ARP program was funded by $10 million from a voter-approved $50 million Housing Opportunity Bond. It was created by the R.I. Commerce Corp, which tasked R.I. Housing to oversee the program.
This was the last round of funding for the Acquisition and Revitalization Program.
Courtesy of Providence Business News
By Christine Dunn, Journal Staff Writer
Posted Nov 30, 2017 at 12:10PM, Updated Nov 30, 2017 at 12:26PM
PROVIDENCE, R.I. — A playground for an elementary school in South Providence, downtown revitalization in Woonsocket, and a new continuing-education center in Central Falls were among the projects that won support in the first round of awards from the $10-million urban revitalization/blight relief fund approved by state voters in 2016 as part of the $50-million affordable housing bond.
The Rhode Island Housing Board of Commissioners on Thursday morning approved close to $3.8 million in awards to six different projects. The next round of awards is planned for March 2018. Known formally as the Acquisition and Revitalization Program, its aim is to stabilize neighborhoods by targeting foreclosed or blighted residential and commercial properties and vacant lots in need of redevelopment.
To view the complete article, visit Providence Journal
Courtesy of Providence Journal
By PBN Staff - April 27, 2018 2:50 am
The inability of people – especially young people starting out in their careers with less than median salaries and high college debt – to afford a place to live can deprive a region of its economic lifeblood.
Barbara Fields, the subject of this week’s cover story Q&A, knows this reality intimately. She is the executive director of the R.I. Housing and Mortgage Finance Corp., known to most everyone as R.I. Housing.
While the issue of affordable housing is a complex one, Ms. Fields has a pretty simple answer: Build, build, build.
To view the complete article, visit Providence Business News
By Mary MacDonald- January 31, 2019 4:30 am
Brenda Clement, the executive director of HousingWorks RI at Roger Williams University, is one of the people involved in Homes RI, a new coalition of housing advocates, led by the United Way of Rhode Island, which is trying to attract more attention to the issues of housing availability and affordability in Rhode Island.
This week, Homes RI held an event at the Statehouse to announce its 2019 legislative agenda. Clement spoke to the Providence Business News about the priorities.
PBN: What is Homes RI?
CLEMENT: In some ways it is a coalition of organizations that have been working on housing and pushing for more resources and awareness of housing needs in the state. It’s a continuation of many groups that worked on the housing bond campaign and who have been in the field for many, many years.
PBN: What are the legislative priorities?
CLEMENT: One is the rental assistance vouchers and the source of income bill. Right now, many, many advertisements on Craigslist and other sites say, “No Section 8 need apply.” Folks who based on the source of income won’t accept someone. It’s not just vouchers. Whether your income is through child support or Social Security benefits, a landlord can’t prevent you from obtaining an apartment based on the source of that income. You still have to have sufficient income. A landlord can still screen tenants out in appropriate ways. And many other states have started to pass this. [In Rhode Island] it passed the Senate last year, not the House.
PBN: And Gov. Gina M. Raimondo indicated this week she would support this bill?
By Mary MacDonald- July 24, 2019 10:30 pm
Carol Ventura is the interim CEO and executive director of the R.I. Housing and Mortgage Finance Corp., the state’s housing finance corporation. For almost 20 years, she has helped the state’s residents access housing in her roles as deputy director, director of development and assistant director of the policy division. She holds an MBA from Bryant University.
PBN: What is the Housing Opportunity Bond and how did R.I. Housing decide how to disperse its funds?
VENTURA: On Nov. 8, 2016, Rhode Island voters passed a state bond referendum authorizing the issuance of a $50 million Housing Opportunity Bond, $10 million of which was earmarked for urban revitalization and blight remediation. Voters authorized the state to use these funds to develop and implement a program for the improvement of properties that are blighted or in need of revitalization. That program is known formally as the Acquisition and Revitalization Program. R.I. Housing was tasked by [the R.I. Commerce Corp.] to administer this program.
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