RI voters OK $25M for affordable housing

November 7, 2012

PROVIDENCE, R.I. (AP) -- Rhode Island voters have approved $25 million in bonds for projects to help those struggling to find affordable housing.

A referendum authorizing the bonds easily passed Tuesday.

The money is expected to fund the construction or renovation of about 600 affording housing units throughout the state.

A recent study found that 90,000 households in the state earn less than is needed to afford the average-priced two-bedroom home