Providence Mayor Brett P. Smiley is backing a proposed $25M affordable housing bond that will appear on the November city ballot?
The mayor says it would replenish a now-empty fund that has doled out $51 million for more than 2,000 housing units. “The $51 million that we’ve spent through the affordable housing trust fund has leveraged $800 million of construction in the city,” Smiley told Providence Business News.
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The city bond request is separate from a $120 million statewide affordable housing bond that will also be on the November ballot.
