PROVIDENCE, October 19, 2022 – Local Initiatives Support Corporation (LISC) Rhode Island today announced more than $620,000 in grant awards to Community Development Corporations to support the organizations in their mission to create and preserve affordable housing in Rhode Island.

The awards are part of LISC’s Neighborhood Development Fund, an annual grant program that provides funding for operational expenses, capacity building, and provides robust technical assistance for CDC partners throughout the year. Since its inception in 1995, LISC’s Neighborhood Development Fund has awarded more than $13.2 million to community development corporations in Rhode Island. The program’s primary focus is to increase the ability of the state’s CDCs to produce affordable housing while addressing broader community revitalization issues…

EAST PROVIDENCE – The city became the seventh municipality in Rhode Island to reach the state’s 10% community goal for affordable housing with the opening of a 36-unit complex on Monday.

ONE Neighborhood Builders hosted a ribbon-cutting ceremony for the newly rehabilitated Sutton Place apartment complex of affordable housing.

“When communities invest in affordable housing, they are investing in a stronger economy. We would not be in a position to open the doors of Sutton Place without strong support from our partners in government, from the federal delegation all the way to the local and municipal leaders in East Providence,” said ONE Neighborhood Builders Executive Director Jen Hawkins. “East Providence is now the seventh municipality in Rhode Island to reach the state’s 10 percent low- and moderate-income housing goal.”…

PROVIDENCE, R.I. (WLNE) — As rental rates rise across the state, Rhode Islanders now face harsh realities of a continued housing crisis, that shows no signs of ending soon.

The rising rental rates have driven families from their homes, like the Ringland’s of Barrington.

Their monthly rent went from $950 to $1,800 over the past two months.

Jack Ringland explained Thursday, “I’m thinking to myself, ‘Well, I guess Barbara could go up to New Hampshire and live with her mother, and they tell me I still have a right to get into the veteran’s home.’ That’ll make us 150 miles away from each other. That’s no way to spend the rest of our days.”

Brenda Clement, director of Housing Works Rhode Island, said the nearly doubling of monthly rental is legal.

She explained Tuesday, “Most tenants in Rhode Island are month-to-month tenants, and as such, are at risk of a landlord saying, ‘I’m doubling your rent and I’m terminating your residency with proper notification.’”…

PROVIDENCE, RI– In order to afford a modest, two-bedroom apartment at fair market rent in Rhode Island, full-time workers need to earn $24.32 per hour. This is Rhode Island’s 2022 Housing Wage, revealed in a national report published today. The report, Out of Reach, was jointly released by the National Low Income Housing Coalition (NLIHC) —a research and advocacy organization dedicated to achieving affordable and decent homes for people with the lowest incomes— and Homes RI —a coalition of organizations working together to increase the supply of safe, healthy and affordable homes throughout Rhode Island. Homes RI is coordinated by the Housing Network of Rhode Island…

PROVIDENCE — A person earning minimum wage in Rhode Island would have to work at least 79 hours each week in order to afford a modest, two-bedroom apartment at fair market rent, according to a new national report.

The Out of Reach report by the National Low Income Housing Coalition also found that Rhode Islanders need to earn a minimum of $24.32 per hour to afford an average two-bedroom apartment at fair market rate in 2022…