The organization Housingworks RI will receive a $60,000 grant from the National Mortgage Settlement, a state and federal settlement with the country’s five largest mortgage companies over alleged foreclosure practices. The Rhode Island Attorney General's office also distributed a $155,000 grant for Progresso Latino.
Housingworks RI is a coalition dedicated to affordable improving housing opportunities in the state. Executive Director Nellie Gorbea says that the grant will help fund research on RI housing problems.
“The $60,000 will help us conduct data analysis on foreclosures here in the state, and what the extent of the crisis has been—not just statewide but also in each and every one of the communities in the state. This type of information can really help craft better public policy towards dealing with housing issues here in Rhode Island.”
Thanks to the grant, Housingworks RI will now publish the findings of their studies quarterly.
The research on foreclosures can be used by lawmakers to make changes in public policy.
Gorbea hopes that there will be greater investment in affordable housing.
"I think what’s been really key in the research that we have done in the last three years is that Rhode Island needs to invest on a consistent basis in the development of affordable housing. Having affordable homes throughout the state is probably the best remedy against people going into situations that might put them into foreclosure."
She says housing will be key to population retention and growth in Rhode Island.
[Editor's Note: That the Rhode Island AG's office also distributed a grant for Progresso Latino was left out of the original version of this story.]
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