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Q1 2014 Foreclosures in Rhode Island

HousingWorks RI today released its analysis of foreclosures in Rhode Island for Q1 2014. The report looks at the number of foreclosures in each of Rhode Island’s 39 cities and towns and offers regional comparisons.

Quick Glance Findings:

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2017 Housing Fact Book Release: Registration is OPEN!

Date: Wednesday, October 11, 2017

Morning Session:

8:00am - 11:30am

Location: Roger Williams University, 

1 Empire Street, Providence RI

Luncheon:

12:00pm - 1:30pm

Location: Rhode Island Convention Center,

1 Sabin Street, Providence RI

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CohnReznick: Report Analyzes Current State of Affordable Housing Tax Credit Properties

In CohnReznick’s sixth survey of owners of properties financed with federal low-income housing tax credits from the Low-Income Housing Tax Credit (LIHTC), CohnReznick found that housing tax credit properties are operating better than any period in the program’s history. Along with the encouraging performance metrics, from a legislative awareness standpoint, the study also details the rising number of low-income renters who need affordable housing.

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September 13, 2017 in Local Interest

Providence Journal: Beneficent House in downtown Providence marks special milestone of success

By Christine Dunn

Journal Staff Writer

Posted Sep 11, 2017 at 7:27 PM

Updated Sep 11, 2017 at 7:27 PM

PROVIDENCE — Tracine Johnston worked downtown for the telephone company 20 years ago. She had been living in Kent Heights in East Providence, but wanted to live closer to work. She found a new apartment that fit her budget at Beneficent House.

Juan Guaredo has been living at Beneficent House for 37 years. He said he used to own a two-family house in the city, but he couldn’t manage the upkeep anymore, and wanted to move to an apartment. Kay Chin has lived there almost as long as Guaredo — 34 years.

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September 12, 2017 in Local Interest

Enterprise: Responding to Storm-Damaged Residents & Communities

Putting Our Experience to Work in a Devastating Hurricane Season

Our nation is bracing itself as another storm of unprecedented magnitude threatens the southern coast of the United States. As we ensure that residents and homes in the area are prepared for Hurricane Irma, Enterprise is also lending its knowledge, experience and resources to meet the immediate needs of families and their communities devastated by Hurricane Harvey.

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Providence Journal: Elorza, city planners hear from neighbors about revitalizing Providence’s Broad Street

By Christine Dunn

Journal Staff Writer

Posted Sep 6, 2017 at 10:48 PM Updated Sep 6, 2017 at 10:48 PM

PROVIDENCE — South Providence is the city’s most diverse neighborhood, and that diversity is something that residents are proud of and want to preserve.

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WPRI 12: 100s of RI students are starting the school year homeless. How one shelter is trying to help.

By Dan McGowan, WPRI.com Reporter, Diana Pinzon and Patrick Little

Published: September 6, 2017, 6:00 am Updated: September 6, 2017, 10:04 am

MIDDLETOWN, R.I. (WPRI) – Hundreds of Rhode Island children are starting the school year without a permanent place to live, forcing them to stay with other families, in motels or in the most dire circumstances, on the streets.

But a homeless shelter in Middletown is working to support families by assisting mothers to find jobs and affordable housing while also trying to keep children from falling off track in school.

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PBN: Reed announces $300K in federal community development grants

By PBN Staff, September 6, 2017

PROVIDENCE – A total of $300,000 in federal funding in community development grants for three NeighborWorks America affiliates was announced by U.S. Sen. Jack F. Reed Wednesday.

“NeighborWorks has a proven track record of revitalizing neighborhoods and increasing community involvement, and these federal funds will help to strengthen our communities, improve access to affordable housing and spur economic development,” said Reed.

Both NeighborWorks Blackstone River Valley and ONE Neighborhood Builders will receive $100,000 each in portfolio-strengthening grants in order to improve their respective enterprises by optimizing revenues and expenses, improving asset values and driving better underwriting for future deals.

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Providence Journal: My Turn: Froma Harrop: Price rises on Houston’s ‘cheap’ housing

By Froma Harrop

Posted Sep 5, 2017 at 5:56 PM

Updated Sep 5, 2017 at 5:56 PM

As the floodwaters recede, much of Houston’s famously “affordable” housing may seem less of a bargain. We’re not just talking about rising rents, inevitable with so many units destroyed. We are talking about the emotional cost of having to move in with friends, rebuild and buy new furniture more than once in a lifetime.

Floods have been a regular occurrence in Houston, but the city’s lack of zoning and sloppy land-use practices made matters worse. Developers had covered land that could absorb water and built willy-nilly in floodplains.

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Providence Journal: Feds say R.I. misspent $1.2 million in foreclosure-relief funds

By Christine Dunn

Journal Staff Writer

Posted Sep 5, 2017 at 5:39 PM

Updated Sep 5, 2017 at 5:39 PM

PROVIDENCE, R.I. — A new federal audit accuses Rhode Island Housing of wrongly charging $1,238,288 in expenses to the Hardest Hit Fund, a federal program created in response to the foreclosure crisis.

Since the Hardest Hit Fund was launched in 2010, Rhode Island has received nearly $116 million from the fund, which is operated by the U.S. Treasury Department through its Troubled Asset Relief Program (TARP).

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