Rhode Island voters will be asked Nov. 5 to approve $120 million in bonds to boost housing in the Ocean State.
A bond issue, according to Ballotpedia , puts the decision to in voters’ hands whether to approve additional spending for certain issues, in this case housing. The housing bond was introduced in the General Assembly as Article 5 of House Bill 7225 (HB 7225) , the appropriations bill, which passed 68-6 in the House and 35-2 in the Senate .
RI Ballot Question 3
Ballot Question 3, the Housing Acquisition, Development, and Infrastructure Bond Measure, includes:
- $80 million for low and moderate income housing,
- $10 million for community revitalization projects,
- $20 million for low, moderate, and middle income housing for homeownership,
- $5 million for site acquisition for supportive housing,
- $4 million for housing-related infrastructure, and
- $1 million for municipal planning.
A yes vote approves issuing $120 million in bonds to fund these projects. A no vote rejects the spending.