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Olneyville in Providence Featured on CNNMoney.com

CNNMoney.com recently visited the Olneyville neighborhood of Providence to see the great work being done by the Olneyville Neighborhood Corporation. The article, entitled "What $1 million buys in a blighted neighborhood" highlights the success of the Neighborhood Stabilization Program, (NSP)  - federal funding meant to stabilize communities hit hard by foreclosures.

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Women’s Development Corporation wins $1M grant to develop affordable housing

By Kimberley Donoghue

PBN Web Editor

PROVIDENCE – The Women’s Development Corporation, a nonprofit developer and manager of more than 1,000 housing units in Rhode Island, has been awarded a $1 million Capital Magnet Fund grant, U.S. Sen. Jack Reed’s office announced on Thursday.

The Women’s Development Corporation will use the grant to leverage $24.5 million for the development of 155 units of affordable housing.

“In addition to providing quality homes, these new housing units will help spur economic development and boost tax revenues for cities and towns across the state,” said Alma Felix Green, president of the Women’s Development Corporation.

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State: WARM's housing plan a go

By LESLIE ROVETTI / Sun Staff Writer

WESTERLY - A state board has overturned a decision banning the WARM Center from building eight affordable housing apartments at its Spruce Street location.

The State Housing Appeals Board on Tuesday unanimously overturned the November 2009 decision of the Westerly Planning Board that prevented the nonprofit organization from building the apartments for low-income residents with physical or mental disabilities.

"I think the winners in this are the eight to 10 disabled people that will have safe, affordable housing," said Rev. Jean Barry, the center's executive director.

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HousingWorks RI 2010 Candidate Toolkit

With the general election around the corner, HousingWorks RI has put together a Candidate Toolkit to better inform each candidate of the important role affordable homes play in growing Rhode Island’s economy.

The tool kit includes:

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Neighbors Oppose Wind Turbine

BRISTOL — Neighbors of a Bristol businessman hoping to build a 118-foot-tall wind turbine in his back yard have come out in force to oppose the plan. Joseph Coelho, the owner of Safe-Way Auto Sales at 61 Gooding Ave., has asked the Bristol Zoning Board of Review for permission to install the turbine. The board held a lengthy public hearing Monday night but failed to make a decision after the meeting ran too long.

Mr. Coelho was the first applicant on the meeting’s agenda, but the public hearing lasted so long, the board postponed the issue until its July meeting.

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