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Providence unveils long-term affordable housing strategy - Providence Business News

Providence unveils long-term affordable housing strategy
THE CITY OF PROVIDENCE on Monday published its final Anti-Displacement and Comprehensive Housing Strategy, outlining a host of recommended policy changes and funding sources to address the affordable housing shortage. / PBN FILE PHOTO/MARY MACDONALD
PROVIDENCE – Financial incentives for developers, city zoning changes and more flexibility in programs that help low-income residents buy or rent homes are among the ways that Providence should seek to address a critical affordable housing gap, according to a new report released by the city Monday. The Anti-Displacement and Comprehensive Housing Strategy report represents…
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Providence officials lay out plan to increase affordable housing

Elorza has set out to tackle that challenge. Wednesday’s announcement of the city’s affordable-housing bond, as well as the unveiling of a newly developed comprehensive housing plan, are part of an effort to get the ball rolling.
The comprehensive plan, posted on the city’s website and in draft form, is subject to 30 days of public input.
“Many families are being displaced from our city right now,” said Elorza, who referred to a housing crisis and recalled his own upbringing in a rental unit in a three-decker on Cranston Street.
“We want to make sure that no one feels that they have to move because of economic pressure,” he said, making his comments during a video teleconference. ....

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