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Fact
Affordable homes often follow smart growth, environmentally friendly design
principals.
Affordable homes take into account the surroundings and the neighborhood.
They are often designed to improve the overall character of the community
where they are built.
Public investment in affordable homes has provided a strategic stimulus to Rhode Island's economy.
Close to 60% of the total estimated cost of residential construction permitted from 2007 through 2010 was for developments supported by the Building Homes Rhode Island program.
Architectural standards and adequate maintenance strongly influence
property values.
Properly maintained affordable housing developments, designed and built with
sensitivity to the architectural and aesthetic standards desired by the
community, may even increase property values.
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.
Negative effects are being felt in communities that don’t have an adequate
supply of affordable homes.
Businesses in these communities struggle to fill vacant jobs and a growing
number of workers cannot afford to live in the communities they serve.
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HousingWorks RI is pleased to announce the addition of three new members to our Board of Directors: Constantine (Dean) Andrews, Michael Emmer, Ph.D., and Paola Prado, Ph.D.
HousingWorks RI is pleased to introduce our Summer 2013 intern, Courtland Hall. Courtland will work closely with research and policy associate Jessica Cigna to study Rhode Island's foreclosure data in support of HWRI's Quarterly Foreclosure Reports and help analyze data for the 2013 Housing Fact Book.
Across the nation, both nonprofits and local governments are grappling with how to meet their communities housing needs with fewer or decreased resources. Recognizing this shared endeavor, Habitat for Humanity International commissioned the Urban Institute to examine what tools are necessary to "build strong, sustainable collaborations to meet communities' post-recession challenges."
HousingWorks RI today released its Special Report: The Complete Approach to Funding Affordable Housing. The report looks at the high housing cost burdens facing Rhode Island renters and how a state budget appropriation to support affordable rental housing can address these cost burdens and promote economic growth.
HousingWorks RI has released a new Issue Brief entitled Historic Preservation and Affordable Housing: A smart investment in Rhode Island's economy.
Having a strong historic preservation tax credit program that incorporates long-term affordable housing is a strategic investment for Rhode Island’s economy. The Issue Brief examines how other New England states with an abundant stock of historic properties [...] Read more >