Housing Needs of Central RI
The Central Region is dominated by single-family homes—with only about 30 percent of its stock as multifamily housing. The projected housing need, according to the 2016 report, is for significantly more multifamily stock than single family homes. Forty-nine percent of the renters in the region are considered cost burdened, or pay more than 30 percent of their income toward housing costs. Thirty-four percent of the region’s households, or 25,340, fall below 80 percent of area median income. Similar to most of the other regions, the significant majority of household growth is projected to be households aged 65 and older.