ConvergenceRI: Housing is where jobs go to sleep at night

With housing becoming the inflection point for Rhode Island's economy, ConvergenceRI sat down to talk with Barbara Fields, CEO and executive director at Rhode Island Housing, to get her take on the solutions needed

By Richard Asinof | Posted 12/10/18

PROVIDENCE - Wherever you go, housing seems to be a major topic of conversation these days, touching everyone. As supply dips and demand increases, as the occupancy rate nears capacity in downtown Providence, as the controversial plans proposed by developer Jason Fane to build a 600-foot tower for luxury apartments creates a passionate divide between community groups, labor unions and developers, as the demand for affordable housing keeps increasing, one of the people who has her finger on the pulse of what is happening is Barbara Fields, executive director and CEO at Rhode Island Housing.

In its 45 years, RI Housing has helped more than 70,000 families buy homes, and financed the construction of some 14,000 apartments for low- and moderate-income Rhode Islanders.

In 2017 alone, the numbers were impressive: RI Housing provided $257 million in financing to construct or rehabilitate 1,671 apartments and 8 home ownership units, and increase of 42 percent from the previous year. In doing so, the agency supported 1,099 jobs.

To view the complete article, visit Convergence RI

Courtesy of Convergence RI

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