R.I.’s new ‘housing land bank’ will set sights on vacant, unused properties

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LEGISLATION signed into law by Gov. Daniel J. McKee on June 27 has created a statewide
LEGISLATION signed into law by Gov. Daniel J. McKee on June 27 has created a statewide "housing land bank" operated by the R.I. Housing and Mortgage Finance Corp. that will accept, hold, transfer and sell properties for redevelopment into housing. / PBN FILE PHOTO/WILLIAM HAMILTON

Rhode Island has added yet another tool in its battle to ease the shortage of housing in the state, creating a “housing land bank” that can accept, hold and repurpose various types of properties for home development. Affordable housing advocates say the “bank” – created by legislation signed into law by Gov. Daniel J. McKee

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