AP: Rhode Island's capital aims to create affordable housing
PROVIDENCE, R.I. (AP) — Providence is trying to figure out how to create more affordable housing.
The City Council passed a resolution Thursday night creating a commission to look at why housing is expensive in Providence and what can be done about it.
Council spokesman Billy Kepner said Friday that the commission will consider, for example, incentives for developers to partner with the city to create more affordable housing and ways to work with state and federal agencies on solutions.
Roughly half the renters in Providence spend more than 30 percent of their income on housing costs, according to HousingWorks RI. That meets the federal government's definition of “cost burdened.”
Courtesy of AP