For Immediate Release
June 10, 2025

Media Contact:
Christine Hunsinger
chunsinger@rihousing.com

RIHousing releases Rhode Island’s 2024 Low- and Moderate-Income Housing chart

Over 340 new affordable units came online; counting rental assistance vouchers contributes to increases in affordable housing counts for municipalities

PROVIDENCE, RI – RIHousing today released Rhode Island’s 2024 Low- and Moderate-Income Housing (LMIH) Chart. For the first time, the annual chart includes a count of federally funded rental assistance vouchers and certain mobile and manufactured homes as a result of recent legislative changes to the LMIH Act.                                           

2024 Results:       

  • 343 new deed-restricted affordable units were placed in service in 2024, including 287 units financed by RIHousing—the highest number of deed-restricted units financed by the agency in the past five years.  
  • Eight municipalities—Burrillville, Central Falls, East Providence, Newport, Pawtucket, Providence, West Warwick, and Woonsocket—met the 10% threshold in 2024.  
  • Three municipalities—Cranston, North Providence, and Warwick—met the alternative rental-based standard. 
  • 93 special needs units were preserved. 
  • 6,686 qualifying rental vouchers and 73 eligible mobile/manufactured homes were included in the chart for the first time. Note: mobile homes and modular housing count as a half-unit (0.5). 
  • 48 units were removed due to deed restrictions, including expirations and non-compliance that removed duplicate or ineligible units.        
  • As a result, the total statewide LMIH count now stands at 44,478 units—a net increase of 6,662 over 2023. 
  • 15% of the total LMIH count is now made up of rental vouchers.  

Read the LMIH explanatory memo for additional information and methodology: https://www.rihousing.com/wp-content/uploads/2024-LMIH-chart-public-memo-Final.pdf 

These changes reflect both new unit production and a new accounting of existing rental assistance and mobile homes that had not previously been reflected in LMIH totals. Notably, these changes have caused some municipalities to jump multiple percentage points towards or past the 10% threshold with limited or no addition of newly constructed affordable housing units. Without the new inclusion of vouchers, there would be a net loss of 97 units in the total count of low- and moderate-income housing units in Rhode Island between 2023 and 2024.  

 

Looking Ahead 

The release of the 2024 chart continues to bring focus on affordable housing production and preservation efforts in Rhode Island. RIHousing continues to work with municipalities, as well as state and community partners, to drive momentum forward to meet the state’s affordable housing needs.     

 

Count Methods 

RIHousing annually undertakes the process of counting all affordable housing units in the state. During this process, the agency works with municipalities, monitoring agents, public housing authorities, and other stakeholders to review the LMIH chart and update it accurately to reflect any changes from the previous calendar year. RIHousing relies on both internal and external data to compile the chart and held a public comment period from March 31 to May 2. 

To view the full 2024 Low- and Moderate-Income Housing (LMIH) Chart and learn more, visit: www.rihousing.com/low-mod-income-housing/. 

### 

About RIHousing
RIHousing works to ensure that all people who live in Rhode Island can afford a healthy, attractive home that meets their needs. RIHousing provides loans, grants, education and assistance to help Rhode Islanders find, rent, buy, build and keep a good home. Created by the General Assembly in 1973, RIHousing is a self-sustaining corporation and receives no state funding for operations. For more information regarding RIHousing, visit RIHousing.com or follow us @RIHousing on Facebook, X, and Instagram.