Save the FY21 Housing Bond
Included in Governor Raimondo's proposed FY21 budget is $65M for much needed investments in affordable homes and community revitalization. We need this investment to help address our state’s crisis-level housing shortage. Without a new bond, RI’s investment in affordable homes will drop to less than $5 per capita. The RI General Assembly must vote to get housing on the ballot this fall - but if they do not act this week, they'll miss the deadline to do so.
The Governor's FY21 budget would ask voters to approve a $65 million Affordable Housing and Community Revitalization package that includes
- $45 million for new construction, predevelopment financing, health and safety repairs and property purchase and rehabilitationof affordable homes
- $20 million for community revitalization including development of community hubs, open spaces, local business and mixed use projects, and connective infrastructure, for communities most impacted by COVID-19
Since 2006, Rhode Islanders have overwhelmingly voted in favor of investments in housing. But, the General Assembly must act next week if they're going to meet the deadline to get this issue and others on the fall ballot. Please ask your legislators to, once again, give voters the opportunity to voice their support for themselves and their neighbors to live in safe, healthy and affordable homes in thriving communities.