Wednesday, October 12, 2016

Governor, State Leaders Launch Campaign for $50 Million Housing Bond

Governor Raimondo and state housing advocates 
launch the ‘Vote Yes on 7’ campaign
Governor Gina Raimondo joined contractors, developers and the state’s housing advocates to kick off the "Vote Yes on 7" campaign in support of the $50-million Housing Opportunity bond recently. The bond will be Question 7 on the November ballot.

The event was held in downtown Pawtucket at the Gately Building, a historic building renovated with funds from the state’s 2012 housing bond. First constructed in 1914, the Gately Building housed storefronts and office space for many years. Today, the revitalized building offers thirteen apartments, a community space, and a large commercial space complete with a commercial kitchen. Providence Mayor Jorge Elorza, Pawtucket Mayor Donald Grebien and Central Falls Mayor James Diossa were also in attendance.

"Housing is an ‘everybody’ issue: everybody wins when we have more housing in Rhode Island," said Governor Raimondo. “We can’t expect our children to learn or our workers to succeed without a warm, safe, affordable place to come home to at night. This housing bond will revitalize our neighborhoods, create jobs, and help make Rhode Island a place of opportunity for everyone.”

“By investing in housing, we are also investing in Rhode Island’s economy,” said Barbara Fields, Executive Director of Rhode Island Housing. “This bond will mean that we can do more for Rhode Islanders, just like we did with earlier bonds, which leveraged almost $400 million in federal and private investment and helped to finance nearly 2,000 homes,” she added.