Rhode Island H7226 expands Rhode Island Housing’s authority to prioritize cost-efficient affordable housing production in its allocation plan.
Rhode Island H7226 amends the Rhode Island Housing and Mortgage Finance Corporation’s authority to revise its qualified allocation plan. The bill prioritizes cost-efficient affordable housing production and total units while reducing the scoring weight of non-production-related criteria. This change aims to maximize the production of low- and moderate-income housing, focusing on cost-efficiency and the total number of income-restricted units produced. The bill takes effect upon passage.
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