Establishes a Rhode Island program to finance adaptive reuse and mixed-use housing projects, requiring affordable units and labor standards.
The bill creates a state program to provide loans, grants, or investments for converting existing buildings into multi-family or mixed-use housing, including adaptive reuse projects. It mandates that a share of the units be affordable and sets labor, wage, and apprenticeship standards for larger projects. The program establishes a dedicated fund, overseen by the Rhode Island housing and mortgage finance corporation, with annual reporting requirements. The program sunsets after 2035.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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