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The Providence Downtown Improvement District and The Providence Foundation Support the Housing Opportunity Bond

yes-on-7-long-logoThe Providence Foundation’s trustees and the Providence Downtown Improvement District’s (DID) Board of Directors have voted unanimously to support Question 7, the housing opportunity bond question, on the November 8th ballot.

Question 7 addresses the need for more affordable housing, particularly in the multi-family rental market, in Rhode Island. By voting yes on the $50 million housing opportunity bond, voters will approve the construction of 800 much-needed affordable homes and apartments around the state and the restoration of blighted and foreclosed properties. These projects are expected to create 1,700 jobs for building and construction workers and attract millions more in federal and private investment. Bond passage will also provide more resources to help the state address the homeless challenge.

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