Rhode Island Housing

RI News
9:13 am
Wed August 28, 2013

RI Housing Forced To Layoff 30 Employees

The state agency charged with helping people buy affordable homes is facing a financial crisis of its own.  Rhode Island Housing is laying off 30 people; 15 percent of its workforce.

Rhode Island Housing director Richard Godfrey says the reasons are twofold. There’s been a cutback in federal support and many of the 12,000 mortgages they have outstanding are delinquent.

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