RI Could Lose Millions In Federal Housing Dollars Under Proposed U.S. Budget

Mar 20, 2017

Affordable housing development in RI

Affordable housing programs could see their federal support drastically reduced, if President Donald Trump’s proposed budget passes. That would mean millions of dollars in aid lost for the Ocean State.

Currently Rhode Island receives about $5 million annually for local affordable housing projects, from something called the federal HOME Program. That program is the nation’s largest grant program specifically for housing, and would be completely eliminated in the newest federal proposal for housing.

According to Rhode Island Housing, the organization tasked with helping dole out the federal money, the Ocean State has received more than $135 million  in HOME funds since 1992. That money financed roughly 5,000 local projects.

Other cuts are expected to public housing funds and to the Section 8 housing voucher program. Rhode Island relies heavily on federal housing dollars, as the state doesn’t include affordable housing funding as part of the regular state budget.