RI Ballot Question 3: What to know about the $120 million housing bond

Rhode Island voters will be asked Nov. 5 to approve $120 million in bonds to boost housing in the Ocean State.

A bond issue, according to Ballotpedia, puts the decision to in voters' hands whether to approve additional spending for certain issues, in this case housing. The housing bond was introduced in the General Assembly as Article 5 of House Bill 7225 (HB 7225), the appropriations bill, which passed 68-6 in the House and 35-2 in the Senate.

Ballot Question 3, the Housing Acquisition, Development, and Infrastructure Bond Measure, includes:

$80 million for low and moderate income housing,
$10 million for community revitalization projects,
$20 million for low, moderate, and middle income housing for homeownership,
$5 million for site acquisition for supportive housing,
$4 million for housing-related infrastructure, and
$1 million for municipal planning.




https://www.providencejournal.com/story/news/politics/elections/2024/09/23/ri-ballot-question-3-120-million-in-bonds-would-boost-housing/75348967007/