- Associated Press - Friday, October 2, 2015

PROVIDENCE, R.I. (AP) - Rhode Island suffers from a lack of housing and high housing costs.

That’s according to the latest Housing Fact Book released Friday by HousingWorks RI at Roger Williams University.

The annual publication provides information on housing affordability in the Ocean State.

It says Rhode Island has a low vacancy rate, meaning there aren’t enough rental homes or apartments on the market.

That, combined with a lack of new housing, means fewer options for buyers and renters.

HousingWorks RI Director Nicole Legace says Rhode Islanders also pay too much for housing.

She says households in the state are increasingly “cost burdened.” A household is cost burdened when it spends more than 30 percent of its gross annual income on housing.

Legace says policymakers need to prioritize affordable housing.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide