One Type of New Housing in RI Continues to Flounder
The median price of a single-family home continues to average about $500,000, pricing most Rhode Islanders out of the market.
There have been an endless number of legislative initiatives proposed and passed by the Rhode Island General Assembly, with mixed results.
Despite the expenditure of hundreds of millions in taxpayer dollars — federal COVID money and state bond issues, Rhode Island’s effort to develop more housing has been inadequate at best, and the state still sits as building the fewest new units per capita…