§ 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 Rhode Island housing and mortgage finance corporation, subject to program and reporting guidelines adopted by the coordinating committee of the Rhode Island housing resources commission 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 Rhode Island housing and mortgage finance corporation shall give priority to households either exiting homelessness or earning not more than thirty percent (30%) of area median income.
History of Section.P.L. 2021, ch. 162, art. 14, § 3, effective July 6, 2021.
Structure Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-128 - Rhode Island Housing Resources Act of 1998
Section 42-128-2. - Rhode Island housing resources agency created.
Section 42-128-2.1. - Housing Production Fund.
Section 42-128-3. - Rhode Island Housing and Mortgage Finance Corporation.
Section 42-128-4. - Rhode Island housing resources commission.
Section 42-128-6. - Commission — Membership and terms — Officers — Expenses — Meetings.
Section 42-128-7. - General powers.
Section 42-128-8. - Powers and duties.
Section 42-128-8.1. - Housing production and rehabilitation.
Section 42-128-9. - Offices within the commission.
Section 42-128-10. - Appropriations.
Section 42-128-11. - Executive director — Employees.
Section 42-128-12. - Coordination with other state agencies.
Section 42-128-13. - Open meetings law.
Section 42-128-14. - Public records law.
Section 42-128-15. - Administrative procedures act.