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The Valley Breeze: Council debates affordable housing ‘requirement’ in train zone

By ETHAN SHOREY, Valley Breeze Managing Editor

PAWTUCKET – Does the use of a particular word really hurt the city?

It’s a question City Council members disagreed on last week as they debated how to keep pending developments from pricing lower income residents out of Pawtucket.

The council reached a temporary stalemate over a resolution encouraging all development around a future new train station off Pine Street and Goff Avenue (set to begin construction in 2020) to truly foster the creation of an economically diverse community.

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Rhode Island Housing: Public Hearing 07/24


Rhode Island Housing intends to adopt the 2018-2019 Qualified Allocation Plan for Housing Tax Credits (the "Qualified Allocation Plan"). The Qualified Allocation Plan is designed to establish criteria for the allocation of Housing Tax Credits in Rhode Island. A draft of the Qualified Allocation Plan is available for public inspection on our website at www.rhodeislandhousing.org.

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Prosperity Now: A Downpayment on the Divide: Steps to Ease Racial Inequality in Homeownership

White households have much more wealth than Black and Latino households in this country, and the largest source of this wealth is often their homes. Given this, it is not surprising that homeownership is one of the most significant contributors to the racial wealth divide. Indeed, while the White homeownership rate is around 70%, the rate for Blacks and Latinos is approximately 30 percentage points lower.

To view and download the report, click here.

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GoLocal Prov: Providence Ranked Near Bottom for 1st Time Home Buyers

Tuesday, July 18, 2017

GoLocalProv Business Team

The City of Providence is ranked among the worst cities for first time home buyers.

According to a recent study completed by WalletHub, Providence ranks 218th out of 300 ranked cities in the United States.

Providence ranks at the near bottom for quality of life and affordability. Quality of life is scored on everything from crime to friendliness of drivers - see the methodology below.

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Warwick Beacon: 142 homes sell during 'hot' housing market

Posted Thursday, July 6, 2017 1:09 pm

By John Howell

Warwick single-family home sales that consistently outpace every other municipality in the state did it again in the month of May, which, according to the Rhode Island Realtors Association, had more single-family home sales statewide than any other month of May on record.

Statewide, the sales numbered 1,044, an increase of 42 from May last year. Warwick sales represented more than 13 percent of the total with 142 sales for the month, up 18 from last May.

But how can so many single-family homes be selling when the inventory is down?

Multiple Listing Service recorded 3,924 single-family homes on the market statewide in May. The total was 4,610 for May 2016.

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Warwick Beacon: What's needed to make the Warwick market even better

Posted Thursday, July 6, 2017 1:38 pm

The story has a consistent theme – Warwick single-family home sales outpace any other city or town in the state. In the month of May the totals were even higher than customary, with a total of 142 Warwick single-family homes selling as compared to Cranston, the next highest, with 80. The total statewide for the month was 1,044, which, according to the State-Wide Multiple Listing Service, is the greatest number of single-family home sales for the month of May on record.

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PBN: Student debt is a major reason millennials aren’t buying homes

By Shahien Nasiripour - July 17, 2017 

NEW YORK – College tuition hikes and the resulting increase in student debt burdens in recent years have caused a significant drop in homeownership among young Americans, according to new research by the Federal Reserve Bank of New York.

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The Block Island Times: Affordable housing development approved

By Cassius Shuman Fri, 06/30/2017 - 10:00am

The Housing Board’s Cherry Hill Lane affordable housing project is one step closer to becoming a reality. That’s because the New Shoreham Zoning Board granted unanimous approval of the project, clearing the way for five qualified year-round residents and their families to enter a lottery to secure affordable housing on Block Island.

In its decision, the Zoning Board noted that abutting opposition to the project “lacked focus, and specific details” necessary to influence the board’s approvals. None of the abutters who had voiced opposition to the project throughout the application process were present at the meeting. The State of Rhode Island mandates affordable housing at 10 percent of housing development.

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Providence Journal: SNAP shoppers in R.I. get big incentive for buying healthy fresh produce

By Lynn Arditi

Journal staff writer

Posted Jul 16, 2017 at 6:47 PM

Updated Jul 16, 2017 at 7:02 PM

In program run by the R.I. Public Health Institute, people receiving SNAP assistance earn credit for another dollar toward their next purchase — essentially doubling their benefits.

CENTRAL FALLS, R.I. — Inside the recreation room of a public housing complex, Olinda Vidinha hungrily eyed cartons brimming with fresh produce. Ripe cherry tomatoes. Brussel sprouts. Ginger root. Kiwis.

“I need vegetables,” she said, reaching for a box of organic mixed greens. “My fridge is empty.”

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