Includes manufactured homes on leased land under a long-term lease in excess of thirty (30) years at the time of enrollment within the classification of affordable housing.
Impact
This legislation will significantly impact various state housing laws by redefining how affordable housing is categorized and recognized under state law. The intention is to facilitate greater housing security by ensuring that manufactured homes are viewed on par with other types of affordable housing like apartments and single-family homes. The broader aim is to effectively address the pressing housing shortages in Rhode Island, particularly for individuals and families that fall under certain income thresholds. Local governments will be tasked with revising their existing plans to align with these new guidelines to better support residents' housing needs.
Summary
S0900, titled the Comprehensive Housing Production and Rehabilitation Act of 2004, aims to incorporate manufactured homes situated on leased land for an extended period (over thirty years) into the classification of affordable housing. This inclusion is a response to the rising need for diverse and affordable housing options aimed primarily at low- to moderate-income households throughout Rhode Island. By expanding the definition of what constitutes affordable housing, the bill seeks to ensure that there are more pathways for residents, including senior citizens and economically disadvantaged individuals, to access suitable living arrangements.
Sentiment
The sentiment surrounding S0900 seems cautiously optimistic, with a general recognition among stakeholders about the necessity to address the housing crisis in the state. Supporters of the bill underscore the importance of expanding the affordable housing inventory, particularly in light of increasing living costs. However, there are concerns raised by certain civic groups and local officials regarding how well this legislation will be implemented and whether local governments will be suitably equipped to adapt to these changes. Balancing increased housing availability with community standards and zoning laws remains a topic of ongoing dialogue.
Contention
While S0900 has the potential to positively influence housing availability, some contend that not all manufactured homes meet the safety or community standards necessary for them to be classified as 'affordable housing.' There are discussions surrounding the need for comprehensive guidelines and regulations to ensure that these homes meet specific quality and safety benchmarks. Furthermore, ensuring equitable access and maintaining support for other affordable housing initiatives remains a challenge that advocates hope will be addressed as the bill moves forward.
Makes several amendments relative to manufactured homes, including adding a definition for manufactured home and a provision allowing for certain manufactured homes to be considered a single-family home if on a lot zone for such use.
Makes several amendments relative to manufactured homes, including adding a definition for manufactured home and a provision allowing for certain manufactured homes to be considered a single-family home if on a lot zone for such use.
Provides that only residential properties and new or rehabilitated residential affordable housing units would be subject to the tax under § 44-5-13.1 relating to taxation of low-income housing.
Provides that only residential properties and new or rehabilitated residential affordable housing units would be subject to the tax under § 44-5-13.1 relating to taxation of low-income housing.
Allows a municipality to set its own conveyance tax rate for residential properties sold in excess of $800,000.00 at $10 per $500. Provides collected taxes to be in a restricted account and distributed within 2 years for affordable housing.
Authorizes the department of housing to issue bonds in the amount of $50,000,000 with a maturity date not to exceed 20 years, to establish the housing production revolving fund, to promote the development of housing and ensuring more affordable housing.