Stimulus for R.I. Housing

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Smolski, Chester
Providence Journal; Digital Commons @ RIC
affordable housing; business development; community interests; home ownership; urban development; Decision theory; Government agencies; Local government; Public administration; Urban planning; Business; Civic and Community Engagement; Community-Based Research; Demography, Population, and Ecology; Growth and Development; Place and Environment; Public Administration; Public Affairs; Public Economics; Social Welfare; Urban Studies; Urban Studies and Planning; Work, Economy and Organizations; Decision theory, Government agencies, Local government, Public administration, Urban planning
article description
"It was the single largest bond issue in the state and one of the largest in the nation. The Rhode Island Housing and Mortgage Finance Corporation (HMFC) has sold $163 million of tax-free bonds, $142 million of which will be made available at below market interest rates to persons with annual incomes up to $30,000, to buy homes in Rhode Island. This will have a sizable impact on the local real estate market and increase housing opportunities for many prospective home buyers."