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ProJo: R.I.’s median house price rises by 10 percent in first quarter

Rhode Island was ranked as one of the country’s least affordable housing markets in March, while in the first quarter of 2018, the state’s median house price jumped by 10 percent, rising to $252,250. “Though Rhode Island’s housing market has not yet hit the peak reached before the housing downturn, strong price gains are affecting affordability, particularly among first-time home buyers,” the Rhode Island Association of Realtors said in its first-quarter market report, released Wednesday.

The Westerly Sun: Planning commission approves plan for Shannock Cottages project in Charlestown

The planning commission has approved a plan that would lead to the construction of lease-based low and moderate income housing off of Shannock Road.

Providence American: Reed Announces Nearly $153K to Help RI Veterans Find Homes

In an effort to provide essential housing and support for homeless veterans, U.S. Senator Jack Reed today announced that the Providence, North Providence, Pawtucket, Tiverton, Bristol, and West Warwick Housing Authorities will receive a total of $152,775 in federal funding to assist homeless veterans through the U.S. Department of Housing and Urban Development and Veterans Affairs Supportive Housing (HUD-VASH) program. While the Providence and North Providence Housing Authorities have previously received HUD-VASH vouchers, the Pawtucket, Tiverton, Bristol and West Warwick Housing Authorities are all new recipients of the funding.

The Providence American: Omni Development Corporation appoints new Executive Director

Omni Development Corporation is proud to announce the selection of Sharon Morris as its new Executive Director. The Board of Directors of Omni Development Corporation, under the leadership of its board Chairman and President, Laurence K. Flynn, conducted a vigorous selection process which fielded over 85 applicants. The board is grateful for the tireless work of its search committee during the selection and interview process.

AP: Report: RI Among the Least Affordable Places to Buy Home

Rhode Island has been ranked one of the country's least affordable housing markets in March.

ProJo: My Turn: Jeffrey Machado: Harder to help R.I. people work

How gratifying to see the subject of homelessness addressed in The Providence Journal’s front-page lead (“Housing first,” news, April 18)! Even better, your article was positive, even optimistic, about finding housing solutions in our state. Crossroads, Goodwill and other social service organizations in Rhode Island are working hard to restore dignity, purpose and financial security to the many hundreds of our neighbors who struggle with housing, employment, health issues and social challenges.

PBN: Raimondo nominates 25 R.I. investment ‘opportunity zones’ to U.S. Treasury Department

In the federal Tax Cut and Jobs Act of 2017, there was a provision designed to encourage investment in low-income areas that will be designated as “opportunity zones.” The areas that will be named as opportunity zones will allow investors to qualify for tax incentives by reinvesting capital gains into qualified “opportunity funds” that will privately fund real estate projects, new businesses and startups, and the expansion of existing businesses.
RICAA and HNRI: Power of Community Advocacy Day 2018

RICAA and HNRI: Power of Community Advocacy Day 2018

Join Rhode Island Association of Community Action Agencies and Housing Network of RI at Power of Community Advocacy Day 2018: May 9th at 3:30PM, Rhode Island State House.

ProJo: Editorial: R.I. isn’t building enough homes

Rhode Islanders who have made owning a home their biggest investment are happy to see values finally rising, after the frightening declines of the Great Recession. But the rise in home values isn’t helping everyone.

Providence American: RIHousing Wins $4.7 Million Capital Magnet Fund Grant

Today, U.S. Senator Jack Reed (D-RI) and Governor Gina M. Raimondo joined RIHousing in announcing a new $4.7 million federal grant that will help RIHousing create and preserve over 550 apartments and homes for families across the state and attract additional private investment to help create and support hundreds of jobs.

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