Rhode Island has received more than $2 million in federal funding to pay for affordable housing. The money will fund projects in East Providence and Woonsocket.
The money will go towards the construction and rehabbing of affordable housing. It will also provide help for residents with immediate housing problems… such as rental assistance, and emergency shelter funding.
Advocates say a lack of affordable housing remains a persistent problem in Rhode Island. According to a recent study from the non-profit HousingWorks Rhode Island, about half of all renters, and about a third of homeowners spend more than one-third of their monthly paychecks on housing, which defines them as "cost burdened."
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