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April 20, 2006

Providence mayor unveils 5-year housing strategy

PROVIDENCE – Mayor David N. Cicilline is hoping to strengthen neighborhoods through a comprehensive 5-year housing strategy that he unveiled at a "Celebration of Housing" breakfast this morning.

The mayor’s plan, “Create, Preserve, Revitalize: Providence Housing Policy,” reports that the 450 new housing units built during the past three years were created at six times the rate of production in the 1990s.

The plan proposes increasing the amount of affordable housing over the next five years through a variety of ways, including: maximizing the use of funding for housing projects; using special tax districts for affordable housing developments; implementing an 8-percent property tax limit on affordable housing units; speeding the process for housing permits; and waiving fees for affordable housing units where possible.

Posted by Kate Bramson  at 11:11 AM | Permalink

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