News from the desk of the Executive Director
Moving Rhode Island Forward: 2017 Annual Report
2017 was an amazing year for RIHousing and its partners. Together, we invested hundreds of millions of dollars in developments across the State, launched new programs to expand our reach, and put Rhode Islanders back to work. Most importantly, we helped thousands of individuals and families find a place to call home.
Last year, RIHousing invested $839 million into the State’s economy through direct investment and leveraging of partner resources. This included $371 million in mortgages to homebuyers, $257 million in financing to construct or rehabilitate apartments and homes, and $180 million to help Rhode Island renters. For 45 years, RIHousing has been transforming the lives of Rhode Islanders.
Investment in housing is a win-win for the State – it strengthens our workforce, boosts our construction and real estate industries, and brings us closer to our goal of ensuring that every Rhode Island family has a home that is within their financial reach. We are fortunate that Governor Raimondo and the General Assembly are working diligently to bolster the economy by creating jobs, attracting a talented workforce, and investing in housing. All of these efforts are critical pieces of the State’s economic development strategy. While the challenges of 2018 are large, RIHousing and the State are well positioned to tackle them.
Click here to view our 2017 Annual Report: Moving Rhode Island Forward.Click here to view our agency e-newsletters.
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Sincerely, Barbara Fields, Executive Director