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A RENDERING OF THE proposed 30-story apartment building featuring 216 residential units and 248 parking spaces next to the Hilton Providence. / COURTESY ZDS ARCHITECTURE & INTERIOR

Proposed apartment tower in Providence gains 1st approval

PROVIDENCE – A proposal for a 30-story apartment tower next to the Hilton Providence along Interstate 95 cleared a crucial hurdle by earning preliminary...

Average long-term U.S. mortgage rate climbs above 7% to highest level...

LOS ANGELES (AP) – Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7%...
Wilma Smith / Courtesy wilma smith

Wilma Smith

PBN Health Care Heroes 2024 Volunteer: WILMA SMITH Local Initiatives Support Corp. Pawtucket-Central Falls Health Equity Zone resident ambassador What led you to choose health care...

Average long-term U.S. mortgage rate rises to highest level since early...

LOS ANGELES (AP) – The average long-term U.S. mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during...
PREMIUM PINCH: Frank Spinella, president of FJS Associates Ltd., says rapidly rising insurance costs are making it difficult for those in affordable housing to make the financial numbers work. 
PBN PHOTO/­ELIZABETH GRAHAM

Higher insurance premiums hindering new affordable housing

As Rhode Island faces a housing crisis, particularly with affordable units, the Wickford Village development in North Kingstown affords some relief to renters, providing...
SHORT SUPPLY: Luxury homes 
have become 
more scarce on the market in recent years. Middletown’s Sea View Villa, pictured above, sold for $15 million in 2023, the top sale for the year. 
COURTESY GUSTAVE WHITE SOTHEBY’S INTERNATIONAL REALTY

Demand outstripping supply of high-end R.I. homes

The once-white-hot market for high-end homes in the Ocean State has cooled ever so slightly. But Realtors say that’s mostly because fewer owners are...

Roundtable: Accessory dwelling units, revitalized historic buildings could boost R.I. housing

PROVIDENCE – As the affordable housing crisis raises alarms across the country, Rhode Island, known for its slow rates of new housing construction, can...
U.S. REP. GABE AMO, D-R.I., announced Tuesday that R.I. Housing and Mortgage Finance Corp. and the North Providence Housing Authority will receive $586,431 in combined federal funding to help homeless veterans and their families find permanent housing. / COURTESY GABE AMO

2 R.I. housing authorities receive $586K to help veterans secure housing

PROVIDENCE – Two local housing authorities will receive $586,431 in combined federal funding to help homeless military veterans and their families find permanent housing. U.S....

Rising rents add to R.I.’s housing crisis

Think Rhode Island’s housing crisis is overstated? When you have the lowest housing production rates and largest year-over-year rental prices in the nation, that’s a...

What should government do about soaring rent?

As Rhode Island rents continue to surge, affordable housing advocates are calling for investments that go beyond measures proposed in Gov. Daniel J. McKee’s...
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