2022 -- H 7944 SUBSTITUTE A

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2022

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A N   A C T

RELATING TO TOWNS AND CITIES -- LOW AND MODERATE INCOME HOUSING

     Introduced By: Representatives Corvese, Shallcross Smith, Azzinaro, Noret, Phillips, and
Amore

     Date Introduced: March 07, 2022

     Referred To: House Municipal Government & Housing

     It is enacted by the General Assembly as follows:

     SECTION 1. Chapter 45-53 of the General Laws entitled "Low and Moderate Income

Housing" is hereby amended by adding thereto the following sections:

     45-53-10. Database of low income rental units.

     (a) The Rhode Island housing and mortgage finance corporation established pursuant to §

42-55-4 (the "corporation") shall, maintain an online database ("database") of low income housing

tax credit developments which are designated only for households at or below sixty percent (60%)

of area median income, adjusted for household size and subsidized housing developments, as

referenced in the corporation's Rhode Island resource guide, which are designated only for

households at or below eighty percent (80%) of area median income, adjusted for household size

(collectively "low income rental units") in the state on the corporation's website. The corporation

shall place an emphasis on the database containing the following:

     (1) Current, updated information on the existing inventory of low income rental units in

the state;

     (2) The contact person or entity and contact information pertaining to individual

developments;

     (3) To the extent the information is available, a copy of the application to apply for housing

in individual developments; and

     (4) Information pertaining to any special populations, including, but not limited to, elderly,

disabled, homeless individuals and victims of domestic violence, served by individual

developments.

     (b) This database shall be accessible to the public by July 1, 2023.

     45-53-11. Annual reports.

     (a) The Rhode Island housing corporation established pursuant to § 42-55-4 (the

"corporation") shall provide the annual reports pursuant to subsections (b) and (c) of this section to

the speaker of the house, the president of the senate, the housing resources commission, the division

of statewide planning, and the secretary of housing. Reports shall be made available on the

corporation's website for a period of at least three (3) years, and shall be deemed to be a public

record. Reports shall be due on or before March 15, of each year, commencing in the calendar year

2023.

     (b) Report on Rhode Island housing corporation housing development and preservation

activity. This report shall include the following information:

     (1) The identity of projects that have been provided funding by the corporation for housing

development or preservation and which closed on that financing by December 31, of the previous

calendar year;

     (2) The total aggregate of funds, in dollar amounts, which have been provided to projects

by the corporation for housing development or preservation and which closed on that financing by

December 31, of the previous calendar year, as well as those amounts disaggregated by each

project; and

     (3) The number of housing units that received funding from the corporation for housing

development or preservation which received a certificate of occupancy in the previous calendar

year, both in total and disaggregated by project.

     (c) Report on tax payments made by affordable housing developments to municipalities

pursuant to § 44-5-13.11. This report shall include data aggregated by all the municipalities and

disaggregated by each individual municipality on the total amount of fees collected in the previous

calendar year by municipalities on any assessment and taxation made pursuant to § 44-5-13.11.

     (d) With regard to the report in subsection (c) of this section, all municipalities in the state

shall annually submit to the corporation by January 15, of each year, the total amount of fees

collected in the previous calendar year by the municipality on any assessment and taxation made

pursuant to § 44-5-13.11 disaggregated by individual development.

     SECTION 2. This act shall take effect upon passage.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO TOWNS AND CITIES -- LOW AND MODERATE INCOME HOUSING

***

     This act would direct the Rhode Island housing and mortgage finance corporation (the

"corporation") to maintain an online database of low income rental units on the corporation's

website. The act would also direct the corporation to provide an annual report to the speaker of the

house, the president of the senate, the housing resources commission, the division of statewide

planning and the secretary of housing.

     This act would take effect upon passage.

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