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Providence Journal: R.I. house sales, supply decline; condo prices surge as supply falls

By Christine Dunn

Journal Staff Writer

PROVIDENCE, R.I. — Rhode Island house sales declined by 4 percent in April, and the supply of houses for sale fell by nearly 18 percent compared with April 2016, according to the Rhode Island Association of Realtors.

There were 823 single-family house sales in April, the association wrote in its monthly sales report, scheduled for release Wednesday.

The median house price in Rhode Island in April was $245,500, an increase of nearly 2 percent compared with April 2016, the association said.

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The Narragansett Times: South County Habitat for Humanity is holding National Women Build Week event

Local women are invited to help renovate a home in Charlestown tomorrow

By KENDRA GRAVELLE

CHARLESTOWN–South County Habitat for Humanity invites women to join in renovating a four-bedroom home in Charlestown tomorrow, during Habitat for Humanity’s 10th annual National Women Build Week.

Launched in partnership with Lowe’s in 2008, National Women Build Week is meant to empower women to advocate for affordable housing.

“It helps show that everybody and anybody can help build a home,” added Cliff Tyler, development and marketing coordinator for South County Habitat for Humanity.

“There are many ways that you can volunteer with Habitat,” he continued. “It’s more than just picking up and swinging a hammer.”

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Rhode Island Housing: New Down Payment Assistance Program!

First Down Program Now Available

$7,500 in down payment assistance for eligible first-time homebuyers

A new down payment assistance program for first-time homebuyers in eligible communities.

Available in the following six communities: Cranston, East Providence, Pawtucket, Providence, Warwick and Woonsocket.

Learn More:

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Providence Journal: R.I. Housing to launch new down-payment assistance program

By Christine Dunn

Journal Staff Writer

PROVIDENCE, R.I. — Rhode Island Housing plans to hold launch its “First Down” program Friday to offer offer down-payment assistance to eligible first-time home buyers. The program is designed for people buying homes in Rhode Island communities hardest-hit by the foreclosure crisis.

The down-payment assistance is available for buyers purchasing a one- to four-family home or condominium in one of the selected areas, and the property must be the buyer’s primary residence. Buyers must also obtain a Rhode Island Housing first mortgage through a participating lender or Rhode Island Housing.

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Federal Housing Finance Agency: Requests Public Input on Fannie Mae and Freddie Mac's Proposed Underserved Markets Plans for Duty to Serve Program

FOR IMMEDIATE RELEASE

5/8/2017

Washington, D.C. – The Federal Housing Finance Agency (FHFA) has announced that it is requesting public input on Fannie Mae and Freddie Mac's (the Enterprises) proposed Underserved Markets Plans under the Duty to Serve program. Those plans were released today.

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The New York Times Magazine: How Homeownership Became the Engine of American Inequality

An enormous entitlement in the tax code props up home prices — and overwhelmingly benefits the wealthy and the upper middle class.

By MATTHEW DESMOND MAY 9, 2017

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Rhode Island Housing: Request for Proposals

Rhode Island Housing seeks proposals from qualified firms to develop an application for 2017 Capital Magnet Fund grant funding on behalf of the agency. The Capital Magnet Fund is an initiative of the Community Development Financial Institutions ("CDFI") Fund that provides grant funding on a competitive basis to support affordable housing and community revitalization projects for the benefit of low-income persons.

To view the full RFP, click here.

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FHLBB: Register for AHP Application training, June 7 and July 18!

Reminder: Federal Home Loan Bank of Boston has approximately $16.5 million available as grants and interest-rate subsidy to support the production and preservation of affordable housing initiatives.

The Affordable Housing Program (AHP) application opens on July 17th and closes on September 6th.

The trainings offer valuable information to help developers and sponsors with their funding applications. FHLBB also has webinars focused on their member financial institutions’ role in the AHP. FHLBB looks forward to seeing you this summer, and thanks you for your interest in the AHP.

The registration links are below:

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Roger Williams University: Today we commemorate 25 years as a university

Twenty-five years ago today, Roger Williams College became Roger Williams University. Since that time, we have come a long way as an institution of higher learning. This milestone provides us with an opportunity to both look back on the progress made and to give thanks to the people that have made that progress possible. So it is appropriate that the anniversary comes just one day after our Employee Service Recognition Program, which recognized the contributions and dedication of those who have worked here over the years.

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