Monday, May 8, 2017

ICYMI: RIHousing Contributes $650 Million to Local Economy, Issues Record-Breaking 1,625 Mortgages

RIHousing recently released its 2016 Annual Report, which highlights the corporation’s record-breaking year.

With an overall economic impact of $657 million in the state's economy throughout 2016, RIHousing helped 1,625 Rhode Islanders purchase a home – the highest one-year total in its history and almost 30% higher than the previous year.

“Housing is a critical component of a healthy economy,” said Barbara Fields, Executive Director of Rhode Island Housing.  “Housing investments strengthen our workforce, bolster our state's construction and real estate industries and ensure that every Rhode Island family has a home that meets their needs.”

“RIHousing is positioned to continue strengthening our communities and our economy in 2017,” Fields added. “We look forward to working with all our partners to assist more Rhode Islanders.  Investing in homes. Creating jobs. Retaining and attracting talent.”

Click here to read the full report.