City concentrates on affordable housing
The City of Providence continues to place an emphasis on affordable housing for local residents.
At the most recent City Council meeting, an ordinance codifying the affordable housing tax rate in Providence was introduced.
The ordinance aims to continue the development of affordable housing units by maintaining the fixed eight percent tax rate that is called for by State law.
The plan allows for housing owners to more easily invest in projects and would help regulate rents in affordable housing units.
The ordinance will be discussed by the Special Committee on Ways and Means.