While investments in affordable housing are increasing, like the money awarded for a series of units on Woodward Street in Cumberland, waning funding for public transit has pushed the state to impose major service cuts. (Colleen Cronin/ecoRI News)
Earlier this year, for the first time ever, the state awarded nearly $30 million in low-income housing tax credits to six affordable housing projects in Rhode Island.
Many of the 500 new units will house some of the state’s lowest-income residents, households making at or about 30% of the area median income, which is about $27,000 in Rhode Island…