Latino homeowner households in RI face challenges Housing cost burdens decrease the purchasing power of nearly 71,500 renter households in Rhode Island Key Studies have quantified the economic impact and multiplier effect of
investing in affordable homes.
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Latino homeowner households in RI face challenges

The majority of Latino homeowners have had their mortgage for less than 10 years and more than half (56 percent) of these Latinos are housing cost burdened.

Housing cost burdens decrease the purchasing power of nearly 71,500 renter households in Rhode Island

If these cost burdened renters were in homes that were affordable to them, close to $400 million in purchasing power could benefit other parts of the economy.

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

In Rhode Island, the $50 million invested in the Building Homes Rhode Island program generated close $800 million in total economic activity throughout the state- $15.80 per $1 of funding deployed.

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PBN: Five Questions With: Laura Jaworski

BY EMILY GOWDEY-BACKUS

PBN STAFF WRITER

TWITTER: @FLASHGOWDEY

In late November, Laura Jaworski was appointed the second-ever executive director of the House of Hope Community Development Corp., a Warwick-based nonprofit affordable-housing developer and homeless-services provider. She joined the organization in January 2014 as the associate director of policy and programs, providing operational support and staffing oversight throughout the organization. Jaworski previously worked at the Rhode Island Coalition for the Homeless.

PBN: What are your goals as the second-ever executive director of the House of Hope Community Development Center?

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NeighborWorks: Project Reinvest: Financial Capability Grant Application Open

Grant application opens today

NeighborWorks America is pleased to announce the opening of the Project Reinvest: Financial Capability grant in the NeighborWorks Grants Portal system.

Project Reinvest: Financial Capability is designed to provide funding for organizations to provide financial capability counseling/coaching that will help clients stabilize their finances, rebuild credit and establish savings.

Funds will be awarded to applicants with demonstrated experience in providing financial capability services to clients. Additional funds will be made available to supplement selected organizations’ existing matched savings programs.

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NLIHC: TAKE ACTION: Urge Congress to Lift Spending Caps and Fund Affordable Housing and Transportation Programs

Help Ensure THUD Appropriations Subcommittees Have Highest Possible Funding for Housing Programs in Fiscal Year 2018

Groups concerned about transportation, housing, community development, and homelessness are working together to circulate a letter urging Congress to lift the austere caps on federal spending and to ensure affordable housing, community development, and transportation programs receive the highest allocation of discretionary funds possible for fiscal year (FY) 2018.

Please sign your organization on today! https://nlihc.wufoo.com/forms/urge-congress-lift-spending-caps-fund-thud-bill/

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