Establishes a state-funded rental subsidy program to provide project-based rental assistance to low-income households.
The bill establishes a state-funded rental subsidy program to provide project-based rental assistance to permanent housing projects with units reserved for eligible households. The program aims to help Rhode Islanders with the lowest incomes exit homelessness and stay stably housed. The program is capitalized with twenty-five million dollars ($25,000,000) and will be administered by the executive office of housing.
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