Record levels of funding and continued efforts by state leaders to cut red tape have barely made a dent in solving Rhode Island’s housing crisis, according to a new report from the Rhode Island Public Expenditure Council (RIPEC).
The 35-page analysis of the state’s housing landscape released last week by the business-backed research group analyzes the return on investment from the $120 million housing bond voters approved in 2024.
“The vast majority of recent funding has been directed toward newly constructed units for a relatively small number of households, producing no meaningful impact on housing affordability for the large majority of residents,” the report states…