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With remote work trending upward, South County real estate market is hotter than ever

With ongoing drinking water issues, and more recently, more than half the tenants moving out, problems continue to mount at the Rockville Mill affordable housing project.

Narragansett Town Planner Michael J. DeLuca, speaking for eight communities in Washington County, urged a legislative commission Wednesday to change state law so that more low-cost housing could be counted as affordable housing.

Several Rhode Island towns are facing negative impacts after being notified in late July that many of the Community Development Block Grant (CDBG) applications for local programs and agencies will not receive the funding they typically see. Locally, six social services programs applied for a total of $136,702 to fund several projects in the area, and after the meeting in late July, East Greenwich, along with many other towns across the state, were notified that none of their applications from the Plan Year 2016 will receive funding.

Rhode Island's real estate market is showing no signs of slowing down, as parts of the state are seeing a big boost in home sales. Although many home prices are climbing with more buyers in the market, interest rates are still low, which makes a larger mortgage more affordable.