Senators Urge Innovative REO Rehab-to-Rent Strategy to Help Stabilize Housing

WASHINGTON, DC - October 28, 2011 - (RealEstateRama) -- In an effort to boost the economy, create jobs, and stabilize neighborhoods, 33 U.S. Senators are asking the Obama Administration and the Federal Housing Finance Agency (FHFA) to swiftly develop an efficient and effective real estate owned (REO) management strategy to make better use of vacant foreclosed homes.

Reed Announces Nearly $115,000 to Help Homeless Vets

WASHINGTON, DC - July 15, 2011 - (RealEstateRama) -- U.S. Senator Jack Reed (D-RI) today announced that Rhode Island will receive $114,275 in federal funding to provide housing assistance to homeless veterans

RI Receives Almost $12.7 Million to Improve Affordable Housing

WASHINGTON DC - July 14, 2011 - (RealEstateRama) -- U.S. Senator Jack Reed (D-RI) today announced that twenty-five Rhode Island cities and towns will receive a total of nearly $12.7 million in federal funding to develop, finance, and/or modernize public housing in their communities. The grants are awarded through the U.S. Department of Housing and Urban Development's (HUD) Public Housing Capital Fund Program.

Reed Announces Additional $138,000 HUD Grant to Help More RIers Achieve Self-Sufficiency

WASHINGTON, DC - May 19, 2011 - (RealEstateRama) -- U.S. Senator Jack Reed (D-RI) today announced that several communities throughout the state will receive $138,735 in federal funding to help more Rhode Islanders develop job skills and achieve economic independence.

Langevin Opposes Ending Housing Program That Helps Rhode Island

March 17, 2011 - (RealEstateRama) -- Congressman Jim Langevin (D-RI) voiced strong objections to a bill brought forward by House Republicans today that threatens to eliminate resources that would create jobs and affordable housing in Rhode Island. The Neighborhood Stabilization Program (NSP) Termination Act (H.R. 861) would end a proven successful effort to revitalize neighborhoods, as well as save and rehabilitate buildings and foreclosed property. NSP has already resulted in 100 new homebuyers purchasing and restoring previously foreclosed properties in Rhode Island and 165 foreclosed homes being acquired for non-profit

Reed Statement on Housing Finance Reform Plan

WASHINGTON, DC - February 14, 2011 - (RealEstateRama) -- Today, after the U.S. Treasury Department issued a white paper proposing several pathways to reform the mortgage markets, U.S. Senator Jack Reed (D-RI) issued the following statement

Governor Lincoln D. Chafee Announces Plans to Reactivate Interagency Council on Homelessness

Providence, RI - February 9, 2011 - (RealEstateRama) -- Governor Lincoln D. Chafee today announced his plans to reactivate the Interagency Council on Homelessness (ICH), which establishes a mechanism for Cabinet- and Director-level staff to come together to discuss better coordination of state activities for housing and homelessness. The ICH also develops strategies to address the problems associated with homelessness, makes recommendations aimed at reducing the number of homeless people in Rhode Island, and promotes and supports development of permanent supportive housing


BOSTON, MA - December 24, 2010 - (RealEstateRama) -- The Federal Home Loan Bank of Boston announced that a North Smithfield initiative will receive nearly $1.3 million through its Affordable Housing Program. These funds, awarded as a grant, loan, and interest-rate subsidy, will be used to finance 38 units of affordable rental housing for households at or below 60 percent of area median income

Rhode Island Housing provides relief to Rhode Island homeowners

Providence, RI - December 8, 2010 - (RealEstateRama) -- With more Rhode Islanders coping with job loss or underemployed and with the cost of fuel continuing to increase, Rhode Island Housing is once again offering its Heating Assistance Program

RI Non-Profit Wins $1 Million Affordable Housing Grant from Senator Reed’s Capital Magnet Fund

PROVIDENCE, RI - October 19, 2010 - (RealEstateRama) -- The Women's Development Corporation (WDC), a non-profit developer and manager of over 1,000 housing units statewide, will receive a $1 million Capital Magnet Fund federal grant to leverage $24.5 million to develop 155 units of affordable housing and create construction jobs throughout Rhode Island.

Two Rhode Island Housing Programs Receive National Recognition

Providence, RI - October 8, 2010 - (RealEstateRama) -- Two innovative Rhode Island Housing programs, Opening Doors: Re-entry Housing and FirstHomes100+, have been awarded Program Excellence Awards from the National Council of State Housing Agencies (NCSHA).

Former Navy Housing Site Begins Transformation

North Kingstown, RI - August 16, 2010 - (RealEstateRama) -- Crossroads Rhode Island and Rhode Island Housing, along with U.S. Senator Jack Reed, U.S. Representative Jim Langevin, and their community partners, celebrated the beginning of the redevelopment of a former Navy housing complex in North Kingstown

RI Sells $144 Million In Bonds For Roads, Bridges and Housing

PROVIDENCE, RI - May 13, 2010 - (RealEstateRama) -- General Treasurer Frank T. Caprio announced that Wednesday's sale of Rhode Island General Obligation (G.O.) bonds was a tremendous success.

HUD Secretary Donovan, Senator Reed Announce Recovery Act Funds To Retrofit Affordable Housing In...

WARWICK, RI - April 26, 2010 - (RealEstateRama) -- Today, U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan and Senator Jack Reed announced that over 100 apartments in Warwick, R.I.

RI to Receive $43 Million in Federal Aid for “Hardest Hit” Housing Fund

WASHINGTON, DC - March 29, 2010 - (RealEstateRama) -- At the request of U.S. Senators Jack Reed (D-RI) and Sheldon Whitehouse (D-RI), the Obama Administration today announced they are expanding their “Hardest Hit” federal housing aid program to Rhode Island, providing an additional $43 million in foreclosure prevention funding throughout the state.


Rhode Island Treasury Reunited 8,860 People with $11.7 Million in Unclaimed...

The Office of Rhode Island General Treasurer Seth Magaziner reunited 8,860 people with $11.7 million in unclaimed property in the fiscal year that ended on June 30


Langevin, Whitehouse Highlight Bill to Invest $170 Million in Fixing RI...

Congressman Jim Langevin and Senator Sheldon Whitehouse today joined with state, town, and labor officials by the Factory Bridge in West Warwick to call on Congress to pass the Strengthen and Fortify Existing (SAFE) Bridges Act. The SAFE Bridges Act was introduced in the Senate by Senator Jeanne Shaheen (D-NH), Whitehouse, and others last month and will be introduced in the House this week by Langevin. The bill would deliver up to $170 million to repair Rhode Island’s deficient and crumbling bridges and create construction jobs