Rhode Island H8249 amends the low and moderate income housing act to modify the calculation of low- or moderate-income housing units and the process.

Rhode Island H8249 amends the low and moderate income housing act to redefine how low- or moderate-income housing units are counted in municipalities. Units that meet certain criteria but lack federal, state, or municipal subsidies or deed restrictions will count as half a unit. The bill also modifies the process for approving construction of low- or moderate-income housing, including the timing for counting affordable housing units and the required findings for denial.

Rhode Island H8249 amends the low and moderate income housing act to modify the calculation of low- or moderate-income housing units and the process.

Rhode Island H8249 amends the low and moderate income housing act to redefine how low- or moderate-income housing units are counted in municipalities. Units that meet certain criteria but lack federal, state, or municipal subsidies or deed restrictions will count as half a unit. The bill also modifies the process for approving construction of low- or moderate-income housing, including the timing for counting affordable housing units and the required findings for denial.