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

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

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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