PBN: Five Questions With: Carol Ventura
By Mary MacDonald- July 24, 2019 10:30 pm
Carol Ventura is the interim CEO and executive director of the R.I. Housing and Mortgage Finance Corp., the state's housing finance corporation. For almost 20 years, she has helped the state's residents access housing in her roles as deputy director, director of development and assistant director of the policy division. She holds an MBA from Bryant University.
PBN: What is the Housing Opportunity Bond and how did R.I. Housing decide how to disperse its funds?
VENTURA: On Nov. 8, 2016, Rhode Island voters passed a state bond referendum authorizing the issuance of a $50 million Housing Opportunity Bond, $10 million of which was earmarked for urban revitalization and blight remediation. Voters authorized the state to use these funds to develop and implement a program for the improvement of properties that are blighted or in need of revitalization. That program is known formally as the Acquisition and Revitalization Program. R.I. Housing was tasked by [the R.I. Commerce Corp.] to administer this program.
Courtesy of Providence Business News