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JCHS: Growing Demand and Tight Supply are Lifting Home Prices and Rents, Fueling Concerns about Housing Affordability

CAMBRIDGE, MA – A decade after the onset of the Great Recession, the national housing market has, by many measures, returned to normal, according to the latest State of the Nation’s Housing report, being released today by the Joint Center for Housing Studies of Harvard University. Housing demand, home prices, and construction volumes are all on the rise, and the number of distressed homeowners has fallen sharply. However, along with strengthening demand, extremely tight supplies of both for-sale and for-rent homes are pushing up housing costs and adding to ongoing concerns about affordability. At last count in 2015, the report notes, nearly 19 million US households paid more than half of their incomes for housing.

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PBN: SWAP, R.I. Housing continue efforts to revitalize South Providence

By Liz Lee - June 13, 2017

PROVIDENCE – The nonprofit community development corporation Stop Wasting Abandoned Property in partnership with R.I. Housing, will commence “Revitalize Southside,” the next phase of its long-term plan to revitalize South Providence, it announced on Tuesday.

Revitalize Southside targets various neighborhoods in both upper and lower South Providence, including building rehabilitation on Somerset, Pearl, Providence, and Tanner Streets, and new construction on Arch, Bridgham, Lester, Broad, and Public streets, as well as Prairie Ave. The buildings and new developments include affordable housing, new commercial space for local businesses, and mixed-use community space.

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PBN: Sens. Reed & Whitehouse announce $25.5M in federal community-development funds for R.I.

PROVIDENCE – U.S. Sens. Jack F. Reed and Sheldon T. Whitehouse announced $25.5 million for Rhode Island in community-development and neighborhood revitalization funds for the fiscal year 2017 in a press release on Wednesday.

Full numbers for federal programs had not been previously announced because Congress did not pass a full-year budget until May 5.

The money comes from five federal funds, the Community Development Block Grant, the Home Investment Partnerships Program, the Emergency Shelter Grant, the Housing Opportunities for Persons with AIDS and the Housing Trust Fund. Each program is administered by the U.S. Department of Housing and Urban Development.

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HUD: Community Planning and Development Program Formula Allocations for FY 2017

The Fiscal Year (FY) 2017 budget for the Department of Housing and Urban Development has been enacted. These spreadsheets provide full-year allocations for the Office of Community Planning and Development's (CPD) formula programs: Community Development Block Grants (CDBG); HOME Investment Partnerships (HOME), Housing Opportunities for Persons with AIDS (HOPWA); Emergency Solutions Grants (ESG); and Housing Trust Fund (HTF).

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Office of PD&R, HUD: Assessment of ARRA Green and Energy Retrofits in HUD-Subsidized Housing

Authors: U.S. Department of Housing and Urban DevelopmentOffice of Policy Development and Research

Release Date: June 2017 (71 pages)

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RIH: Community Remote Net Metering 30MW Pilot Program Announcement

Dear Partners:

RIHousing is excited to be participating in a new energy program, the Community Remote Net Metering Pilot. Approved during last year's legislative session, the program allows non-profits and community members to "buy-in" to off-site or remote clean energy generation. Not only is this a potential operating cost savings opportunity, but it also does our part to reduce carbon emissions and contribute to the State's 80% GHG reductions by the 2050 goal. The clean energy produced will contribute to Governor Raimondo's initiative to reach 1000kw in Rhode Island by 2020.

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NLIHC: New Report Shows that High Cost of Rental Housing in the U.S. is Out of Reach for Millions

We are pleased to announce the release of Out of Reach 2017: The High Cost of Housing. This report, released by the National Low Income Housing Coalition (NLIHC), reveals that on average a full-time worker in the U.S. must earn $21.21 per hour to afford a modest two-bedroom apartment and $17.14 to afford a one-bedroom apartment. The report indicates that housing costs are "out of reach" for both for the average renter and for millions of low-wage workers, seniors and people with disabilities living on fixed incomes, and other low-income households.

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Block Island Times: Affordable housing project sparks further debate at Zoning Board meeting

By Cassius Shuman, Fri, 06/02/2017 - 11:00am

The Block Island Housing Board’s Cherry Hill Lane development sparked an impassioned discourse between two parties on opposite sides of the issue at a recent Zoning Board meeting. The Housing Board is seeking a special use permit from the Zoning Board to proceed with construction of the development to address the island’s need for affordable housing. The project has received the approval of the Planning Board.

While Housing Board Chair Cindy Pappas expressed the need for affordable housing on the island at the meeting, noting that the development’s footprint would not be altered, and that the board “wanted to be good neighbors,” abutters opposing the project said it raised “density” concerns and would “create suburbia.”

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The 2017 I'M HOME Conference: Save the Date!

Save the Date: 2017 I'M HOME Conference

October 2-4, 2017 | Providence, RI

REGISTRATION IS NOW OPEN!

Mark your calendars: the 2017 I'M HOME Conference will take place October 2-4 at the Omni Providence Hotel in Providence, RI!

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