Housing cost burdens decrease the purchasing power of nearly 56,000 owner households in Rhode Island
Under the ACA, Accountable Care Organization (ACO) structures aid in the transformation from a volume-based system to a value-based system Key Studies have quantified the economic impact and multiplier effect of
investing in affordable homes. Public investment in affordable homes has provided a strategic stimulus to Rhode Island's economy.
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Housing cost burdens decrease the purchasing power of nearly 56,000 owner households in Rhode Island

If these cost burdened owners were in homes that were affordable to them, close to $500 million in purchasing power could benefit other parts of the economy.

Under the ACA, Accountable Care Organization (ACO) structures aid in the transformation from a volume-based system to a value-based system

Rhode Island spends 81 cents of every elder and adult-disabled long-term care dollar on nursing home care, 33% higher than the national average.

Key Studies have quantified the economic impact and multiplier effect of investing in affordable homes.

A 12% to 13% increase in the number of households is anticipated, driven by a growing population and simultaneous decline in household size attributable to both lower birth rates and an aging population. The growing number of households will generate demand for production of an additional 34,600 to 40,200 new housing units.

Public investment in affordable homes has provided a strategic stimulus to Rhode Island's economy.

Voters approved Question 7 on the RI ballot and agreed to invest in a $50 million housing bond, allowing the state to create affordable housing opportunity programs, and improve properties in need of revitalization. Bonds are crucial, but we need a dedicated funding stream to ensure all communities have good, quality housing that is affordable.

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Providence Journal: Study reveals R.I.’s affordable housing shortage

By Christine Dunn

Journal Staff Writer

PROVIDENCE, R.I. — More housing supply is needed in Rhode Island, now and in the near future, to accommodate the state’s growing millennial and senior populations, members of the Senate Committee on Housing & Municipal Government were told Wednesday.

Rhode Island Housing Executive Director Barbara Fields and Brenda Clement, director of HousingWorks RI at Roger Williams University, presented findings from a recent study on the state’s future housing needs to committee members.

The study, completed last year, found that at least 3,500 units per year of new housing is needed to meet projected needs through 2025, but actual production has been lagging for years.

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PBN: Some of Providence’s poorest neighborhoods are attracting developers. Residents want a say in what happens next

By Mary MacDonald

Doug Victor, a 32-year resident of the Elmwood neighborhood in South Providence, wants to encourage economic development there that will help create jobs and services for local people.

But he and other residents are wary of development launched with little public engagement, citing plans for a relocated state parole office in an adjoining neighborhood.

“Four zip codes, and it wasn’t vetted in the community,” Victor said. “We found out about it after it was already authorized by the state.”

Now, as ground-up construction and redevelopment reach across Interstate 95 from the downtown to some of the city’s poorest neighborhoods, the new investments are eliciting mixed feelings.

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HUD Exchange: Register Today: 2017-2018 Building HOME Webinar Series

The Department of Housing and Urban Development's (HUD) Office of Affordable Housing Preservation (OAHP) will again offer the virtual delivery of the Building HOME training series. Each series will include 4 weekly 2-hour sessions on Wednesdays from 1:00 PM - 3:00 PM Eastern time followed with a one hour office hour session on Thursday to review homework and answer questions related to that week's materials. This course is a prerequisite for all other HOME topical courses. The virtual delivery of Building HOME provides an overview of the HOME Investment Partnerships Program (HOME), including the latest requirements codified in the July 24, 2013 HOME Final Rule.

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