The SNA Board will draft a public response for the following, which we successfully lobbied for a public input deadline extension on. We welcome input from neighbors on this – please send to SNAProv@gmail.com. Please send to us by 1/13/21. You’re also, of course, welcome and encouraged to directly submit individual input, by 1/19/21.
The SNA Board is acutely aware of the sharply increasing housing prices in our neighborhood, while Rhode Island incomes have been slower to grow, and how that creates a higher and higher barrier to entry to new families and may displace others, including renters. Many residents – my own family included, actually – would no longer be able to afford to become a first-time home buyer in our neighborhood. We’re eager to participate in a process toward fair and equitable solutions.
“City of Providence Charts Bold New Course for Affordable Housing
This month, the City of Providence unveiled the City’s Anti-Displacement and Comprehensive Housing Strategy (the Strategy) and first-ever City Affordable Housing Bond. As COVID-19 amplifies the critical housing needs facing Providence residents, the City’s comprehensive housing plan builds an actionable 10-year road map for policy recommendations, new programs and housing investments. Key findings outlined in the plan include:
- Providence households are cost-burdened
- The City’s older housing stock creates challenges
- Extremely low-Income households are underserved
- Housing choice and type are limited in several areas of the City
The key findings reflect Providence’s diverse housing ecosystem and the varying needs of renters, homeowners, landlords, developers, and community members. They helped shape the programmatic, policy, and regulatory approaches the City will take to advance affordable housing, including:
- Identifying new financial resources to invest in Providence’s existing housing stock to preserve and enhance its affordability and quality.
- Building upon collaborative partnerships to leverage existing housing resources with new funding sources in targeted areas to accomplish shared goals of safe and healthy housing, increased prosperity for all residents, and improved quality of life citywide.
- Encouraging price diversity in all new housing construction through incentive programs that both ease the cost development and create safer, affordable units in underserved areas.
- Implementing innovative regulatory changes and new policies to allow for creative housing solutions including increased homeownership, more robust rehabilitation of existing housing, incremental density in areas close to transit and job centers and reducing displacement of long-term Providence residents.
A full overview of recommended policy and programmatic changes, including recommended funding strategies, is available in the draft report, here: https://www.providenceri.gov/…/comprehensive-housing…/.
As the City anticipates the release of the Anti-Displacement and Comprehensive Housing Strategy, the public is encouraged to review the draft report and provide comments over the next 30 days. The City will integrate community feedback into the final plan, to be released in early 2021. For more information about the Strategy—including how to submit feedback—visit the City’s website, here: https://www.providenceri.gov/…/comprehensive-housing…/. For more information & to read the full press release, please click here: https://www.providenceri.gov/city-providence-charts-bold…/”