§ 42-128-2.1 — § 42-128-2.1. Housing Production Fund.

Rhode Island § 42-128-2.1

• Jurisdiction: Rhode Island
• Title 42: State Affairs and Government
• Ch. 42-128: Rhode Island Housing Resources Act of 1998

Text

§ 42-128-2.1. Housing Production Fund.

(a) There is hereby established a restricted receipt account within the general fund of the state, to be known as the housing production fund. Funds from this account shall be administered by the executive office of housing. The executive office of housing will adopt program and reporting guidelines, and consider the input of the advisory council on housing and homelessness, for housing production initiatives, including:

(1) Financial assistance by loan, grant, or otherwise, for the planning, production, or preservation of affordable housing in Rhode Island for households earning not more than eighty percent (80%) of area median income; and

(2) Technical and financial assistance for cities and towns to support increased local housing production, including by reducing regulatory barriers and through the housing incentives for municipalities program.

(b) In administering the housing production fund, the executive office of housing shall give priority to households either exiting homelessness or earning not more than thirty percent (30%) of area median income.

Legislative History

P.L. 2021, ch. 162, art. 14, § 3, effective July 6, 2021; P.L. 2025, ch. 278, art. 9, § 6, effective June 29, 2025.