PROVIDENCE, R.I. (WPRI) — Rhode Island leaders are hailing the newly announced “Superman” building deal as a win for affordable housing, with one in five of the project’s planned apartments restricted by income. But whether those units are truly “affordable” could be in the eye of the beholder...
Despite unprecedented federal dollars, housing advocates say R.I. still isn’t designating enough funds to build, preserve units.
Advocates asked the state to invest $500m in ARPA funds, including $350m just for the development of new and preservation of existing homes. Instead, only $90m has been dedicated to development so far. Read PDF version here.
PRESS RELEASE: NON-PROFIT HOUSING DEVELOPERS CAN PRODUCE OVER 1900 AFFORDABLE HOMES IN NEXT THREE YEARS
PROVIDENCE, RI – According to a survey of Rhode Island non-profit housing developers, over 1,900 affordable homes could be developed within the next three years in 18 communities if the necessary resources are allocated. The Housing Network of Rhode Island (HNRI) recently surveyed its 17 member organizations to forecast their affordable home development plans through