Winner

Affordable Housing Advocates

Proponents of affordable housing opportunities in the state notched a preliminary victory by landing a spot in the Governor's’s budget. Now they need to make it through the General Assembly — and garner approval from voters in November.

Said the Housing Network of RI following Raimondo's budget address:

The Housing Network of Rhode Island and its membership of sixteen nonprofit affordable housing developers wish to thank Governor Raimondo for recognizing the importance of state investment in housing opportunities for low and moderate income Rhode Islanders. As we all work together to reinvigorate the state’s economy, affordable housing development plays a critical role in our state’s recovery plan. Governor Raimondo’s inclusion of an affordable housing bond in her FY 17 budget will not only stimulate the creation of new housing and boost economic growth by creating jobs in the construction, retail and service industries, but will also bring substantial additional outside financial resources into our state.

Data shows that many Rhode Island households continue to struggle to find housing options that are affordable to them. According to HousingWorks RI, two in every five Rhode Island households are cost burdened, spending more than thirty percent of their income on housing. Governor Raimondo’s inclusion of an affordable housing bond recognizes this need and is a notable step towards addressing a major need of working class Rhode Islanders. We commend Governor Raimondo’s efforts and are grateful for her leadership on such an important issue.