75% of Latino Households in RI Rent Housing cost burdens decrease the purchasing power of nearly 71,500 renter households in Rhode Island Public investment in affordable homes has provided a strategic stimulus to Rhode Island's economy. Key Studies have quantified the economic impact and multiplier effect of
investing in affordable homes. Rhode Islanders who spend more than half their incomes on housing cannot fully participate in their local economies. Overall residential foreclosure deeds continue to decline in Rhode Island.
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75% of Latino Households in RI Rent

More than half of those renter households are cost burdened, decreasing Latino purchasing power by an estimated $82 million annually.

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.

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.

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.

Rhode Islanders who spend more than half their incomes on housing cannot fully participate in their local economies.

A state investment in affordable homes helps to keep rents affordable for low- and moderate-income Rhode Islanders. National research finds that low-income families with have high rental costs, spend 52% less on clothing and 24% less on food than families with affordable housing. [Learn more in: The Complete Approach to Funding Affordable Housing]

Overall residential foreclosure deeds continue to decline in Rhode Island.

From Q1 through Q3 2013, 1,144 residential foreclosure deeds were filed in Rhode Island representing a 10 percent decrease from the same time period in 2012.

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HousingWorks RI Joins Roger Williams University

On the heels of a synergetic collaboration that began in 2012, Roger Williams University (RWU) has fully integrated HousingWorks RI (HWRI) into its Division of University Outreach and Engagement, as of July 1. HousingWorks RI at Roger Williams University will continue to be housed at the University’s Providence campus at 150 Washington Street. The completed integration creates further synergy between the strategic objectives of RWU and the research, policy and communications work of HWRI. On top of the expanded partnership, Nicole Lagace has been named Director and will lead HousingWorks RI at Roger Williams University in furthering its position as the authoritative source of information about housing in Rhode Island.

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Majority of young, renter households in Rhode Island burdened by housing costs

59 percent of renter households between the ages of 18 and 24 are housing cost burdened, meaning they are spending more than 30 percent of their income on housing. A new infographic released today by HousingWorks RI offers a glimpse at renter households in Rhode Island according to age.

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Challenges Facing Latinos and Other Minorities in Securing Home Loans

A recent analysis by The Latino Policy Institute at Roger Williams University and HousingWorks RI looks at who seeks access to capital in Rhode Island to purchase a home.

Our joint infographic, “Latinos and Housing 2014,” released earlier this year found that while 60 percent of all RI householders own their home; only 25 percent of Latino householders own theirs. The process to secure capital necessary to purchase and own your own home can be challenging, as evidenced by the racial disparities.

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