RI
Rhode Island House Bill H7922

Rhode Island 2024 Regular Session

Rhode Island House Bill H7922

Introduced
3/4/24  

Caption

Establishes a housing land bank program with the goal of creating affordable housing in the State of Rhode Island. The housing land bank would have the authority to buy, receive and hold property in furtherance of this goal.

Impact

If enacted, the bill will amend Title 42 of the General Laws, establishing new procedures for property acquisition by the Department of Housing. This includes provisions that will allow the department to acquire property through various means, including donations, purchases, or through strategic transfers from municipalities and other bodies. Additionally, the properties acquired by the land bank would be exempt from certain legal processes, providing a layer of protection as they are held for development. This could significantly affect the development landscape in Rhode Island by making more land available for affordable housing projects.

Summary

House Bill 7922, introduced in the Rhode Island General Assembly, aims to establish a housing land bank program. The purpose of this program is to create affordable housing in the state by enabling the Department of Housing to buy, receive, and hold real property specifically for residential development purposes. Through this initiative, the state intends to streamline the process of acquiring properties for housing development backed by non-profit organizations and public housing authorities, thereby targeting areas of housing need efficiently.

Contention

Notable discussions surrounding this bill may center on concerns over the state’s right to claim properties from municipal control versus local governance power. Some municipalities might resist the notion that the state can dictate what happens to their unused or underutilized properties. Participants in the discussion may also debate the efficacy of such a land bank in genuinely addressing the affordable housing crisis, questioning whether this strategy is the most effective use of real estate amidst pressing housing needs.

Latest RI H7922 Activity

View All Events: RI 2024 Regular Session H7922

Companion Bills

No companion bills found.

Previously Filed As

RI S0866

Housing Development Fund

RI H5978

Housing Development Fund

RI H6197

Rhode Island Fair Housing Practices Act

RI S0616

Rhode Island Fair Housing Practices Act

RI H5376

Rhode Island Fair Housing Practices Act

RI H6124

Joint Resolution Making An Appropriation Of $2,000,000 To The Rhode Island Food Bank (this Resolution Would Authorize The Appropriation Of The Sum Of $2,000,000 To The Rhode Island Community Food Bank.)

RI S0980

Authorizing The Town Of Barrington To Finance The Construction, Improvement, Renovation, Alteration, Furnishing And Equipping Of Public Schools And School Facilities In The Town And All Expenses Incident Thereto Including, But Not Limited To, Costs Of Design, Athletic Fields, Playgrounds, Landscaping, Parking And Costs Of Financing And To Issue Not More Than $250,000,000 Bonds And/or Notes Therefor, Subject To Approval Of State Housing Aid At A Reimbursement Rate Or State Share Ratio Of Not Less Than 35 Percent At The Time Of Issuance And Provided That The Authorization Shall Be Reduced By The Amount Of Certain Grants Received From State Bond Proceeds, From The Rhode Island Department Of Education Or From The Rhode Island School Building Authority

RI H6404

Authorizing The Town Of Barrington To Finance The Construction, Improvement, Renovation, Alteration, Furnishing And Equipping Of Public Schools And School Facilities In The Town And All Expenses Incident Thereto Including, But Not Limited To, Costs Of Design, Athletic Fields, Playgrounds, Landscaping, Parking And Costs Of Financing And To Issue Not More Than $250,000,000 Bonds And/or Notes Therefor, Subject To Approval Of State Housing Aid At A Reimbursement Rate Or State Share Ratio Of Not Less Than 35 Percent At The Time Of Issuance And Provided That The Authorization Shall Be Reduced By The Amount Of Certain Grants Received From State Bond Proceeds, From The Rhode Island Department Of Education Or From The Rhode Island School Building Authority

RI H5818

Joint Resolution Making An Appropriation Of $5,000,000 To The Rhode Island Office Of Housing And Community Development To Provide For The Housing Problem Solving Fund (this Resolution Would Authorize The Appropriation Of The Sum Of $5,000,000 To The Office Of Housing And Community Development To Provide Funding For The Housing Problem Solving Fund.)

RI S0991

Rhode Island Public Transit Authority

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