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Rhode Island Legislature Passes Moratorium on Affordable Housing Plans by For-Profit Builders

Friday, February 6, 2004 - 1:45AM

The Rhode Island General Assembly yesterday passed a one-year moratorium on affordable housing plans by for-profit builders. The moratorium follows a 2002 change in the state’s affordable housing law that allowed private developers to apply for comprehensive permits for developments where at least 10 or 15 percent of the units would be affordable housing – an incentive previously available only to not-for-profits. Advocates of the moratorium claim that the result was a flood of applications to small towns forced to accommodate large developments in areas zoned for a fraction of the number of units. The moratorium provided by S.B. 2139 and H.B. 7437 freezes through Jan. 31, 2005 all for-profit affordable housing plans not already approved locally. The House approved the measure 60-3, and the Senate vote was unanimous; the governor is expected to sign the bill into law. Click here for text of state affordable housing legislation.

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