Special Report Released.....

HousingWorks RI Releases Special Report on Foreclosures

In its first special report on housing in Rhode Island, HousingWorks RI examines how the critical shortage of affordable homes for much of the last decade made Rhode Island vulnerable to the foreclosure crisis the Ocean State is currently facing.  The foreclosure crisis has highlighted the importance of having a full continuum of affordable homes as part of the state's economic development strategy.
To read more...

Your BHRI Dollars at Work.....

Spotlight on 14 Parkis Avenue: Providence

Among the many developments underway across the state that have received funds from the Building Homes Rhode Island (BHRI) program, the development at 14 Parkis Avenue in Providence is now complete.  The developer, Community Works Rhode Island, will celebrate this milestone on February 25 from 5:00-8:00pm.  In March 2010, 7 one-bedroom and 3 studio income-restricted apartments will be ready to rent at 14 Parkis.  Community Works Rhode Island currently has 22 rentals under renovation in three historic houses on Parkis Avenue, representing $780,000 in BHRI funds invested.  In addition to BHRI, financing and funding for Parkis Historic Properties was provided by the U.S. Department of Housing and Urban Development, Rhode Island Housing, City of Providence, the Chestnut Fund, Citizens Bank, Local Initiatives Support Corporation (LISC) of Rhode Island and NeighborWorks America.  For residential leasing inquiries for 14 Parkis, contact 401-273-2330 or www.communityworksri.org.

Upcoming Events.....

On Saturday, February 13 at 7:40am, HousingWorks RI Executive Director, Nellie Gorbea, will join Steve Klamkin on 630WPRO to answer questions about HWRI's Special Report: Foreclosures in Rhode Island.  Tune in to learn about how we got here, what the impact is and where we are now.

On Thursday, February 25 from 5:00-8:00pm, Community Works Rhode Island will celebrate the completion of its newest apartments at 14 Parkis Avenue in Providence.  For further information on this development, see story above.

SAVE THE DATE: On Monday, March 22, the Rhode Island Coalition for the Homeless will host their Annual Awards Luncheon from12:00-2:00pm at the Crowne Plaza in Warwick, RI.  Entitled "Believe in a Foundation", the event will focus on the issue of family homelessness.  For further information, call 401-721-5685 or register at http://believeinafoundation.eventbrite.com.