Rhode Island Mixed-Income Housing and Community Development Fund Act

Status: HopperState: Rhode IslandIssue: Housing

Summary

Creates a state-administered fund offering competitive loans and grants for affordable mixed-income rental housing, prioritizing developments near schools, transit, jobs, and essential services while rewarding municipalities that approve locally reviewed projects.

Full text

This act establishes the Rhode Island Mixed-Income Housing and Community Development Fund, administered by the state housing agency, to provide competitive loans and grants for the construction or preservation of affordable rental housing. Priority shall be given to projects that include mixed-income units and are located near public schools, public transportation, employment centers, or essential services. Municipalities that adopt and approve thoughtful, locally reviewed mixed-income developments in eligible locations may receive planning and infrastructure grants, subject to annual reporting, fair-housing requirements, and available appropriations.

Sponsor

Vincent HollowDemocratic Party

Cosponsors

None yet

Voting

Voting is not active for this bill yet. Return later once the bill advances to the voting phase.