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McKee announces $5 million to address Rhode Island blight

Central Falls Housing Summit

HUD, Senator Reed to Announce Major Funding to Protect RI Children from Lead and Other Home Hazards

The R.I. Housing and Mortgage Finance Corp. board awarded $200,000 in grants in November to several city-based programs that support homeownership, financial counseling and environmentally “green” infrastructure.

Rhode Island Foundation announces $3.6 million in new grants to support the ongoing work of six Health Equity Zones in the state, marking a sea change in investments in communities

Join PCF Development and the City of Central Falls as we celebrate the completion of a newly constructed two-family home in the City.

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.

They’re sometimes known as “in-law apartments” or “granny flats.” But Rhode Island law gives them a more formal name: accessory dwelling units. On Jan. 1, 2017, a change in state law went into effect, allowing owner-occupants of single-family homes to build these units by right for senior relatives ages 62 or older. Previously they were allowed by right only for disabled family members. Since the law changed, some residents have made inquiries about accessory dwelling units, according to local building and zoning officials. But only a small number have apparently gone ahead with plans to build them.

Rhode Island’s Democratic elected leaders, many of whom opposed the $1.5-trillion tax-cut bill passed by congressional Republicans earlier this year, are hoping a program within it will help jump-start the Blackstone Valley economy. With no discussion, the state House of Representatives on Wednesday unanimously passed a resolution designating “the Blackstone River Corridor Municipalities of Providence, Woonsocket, East Providence, Pawtucket and Central Falls as Qualified Opportunity Zones” under the new tax law.

Since the General Assembly passed the state’s affordable housing law in 1991, only five communities have met the law’s basic requirement: a housing stock that is at least 10-percent affordable.