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UNDER CONSTRUCTION: Michelle Wilcox, CEO and president of Crossroads Rhode Island, stands in front of the Summer Street Apartments project in Providence in 2024. It’s Crossroads’ five-story building featuring 176 single-bed residences for those who were previously homeless. 
PBN FILE PHOTO/MICHAEL SALERNO

For homebuyers, landscape grows more discouraging

One word has echoed around the residential real estate sector in Rhode Island for a while now and will continue to do so: affordability. It’s...
Brenda Clement

Driving Forces: Brenda Clement

Brenda Clement HousingWorks RI executive director BRENDA CLEMENT is impatient, and with good reason. Clement, executive director of HousingWorks RI at Roger Williams University, has spent years...

PBN celebrates 40th anniversary with business community

PAWTUCKET – Providence Business News on Thursday celebrated four decades of providing business journalism to Rhode Island and southeastern Massachusetts at its 40th Anniversary...

Boston Fed’s Susan Collins hears from R.I. CEOs on labor shortages,...

PROVIDENCE – Boston Federal Reserve CEO and President Susan M. Collins met privately with Rhode Island business leaders earlier this month as part of...

Building permits rise, but housing crisis persists

Rhode Island has picked up the pace in issuing more building permits for new homes – crucial to easing the housing crisis – but...

Forging a new bond: Should R.I. be seeking to borrow another...

For motorists zipping by on Route 2, it’s easy to miss the Pine View Apartments in Exeter. They’re located away from the road and...
ADDITIONAL PAYMENT: The 11,579-square-foot home at 626 Bellevue Ave. in Newport, which sold for $30 million in 2021, is now assessed at $21.6 million. That will mean an additional $103,200 annual payment to the state under the “Taylor Swift tax” taking effect in July. 
COURTESY GUSTAVE WHITE SOTHEBY’S INTERNATIONAL REALTY

How will ‘Taylor Swift tax’ impact R.I.’s luxury real estate market?

As the Ocean State’s so-called “Taylor Swift tax” is poised to go into effect this July, observers agree that for Rhode Island’s wealthiest homeowners,...

Report: R.I. offers 54 affordable units for every 100 extremely low-income...

PROVIDENCE – For every 100 extremely low-income households, Rhode Island provides just 54 affordable and available units, according to a new report by the...
A $120 MILLION housing bond issue was approved by voters statewide in November 2024. Gov. Daniel J. McKee wants to put another $120 million bond issue for affordable housing on the ballot in November. / PBN FILE PHOTO/WILLIAM HAMILTON

In 2024, voters OK’d $120M housing bond; Gov. McKee is seeking...

Over the last two decades, Rhode Island voters have approved five bonds totaling $310 million aimed at making housing more affordable, but now Gov....

Report: Zero R.I. communities now meet affordable housing standards

PROVIDENCE – In recent years, just one Rhode Island community offered affordable housing options to renters making a median salary. This year, not a...
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