Housing Development Bond Measure

Rhode Island Ballot Measure -

Election: Nov. 3, 2026 (General)

Outcome: Pending

Categories:

Housing and Property

Summary


The bond measure would authorize the issuance of up to $120 million in bonds (including general obligation bonds, refunding bonds, and temporary notes) to projects to increase and preserve the availability of affordable and accessible housing in Rhode Island. Of the $120 million, at least $25 million must be allocated to increasing the production of housing specifically intended for homeownership. Additionally, up to $10 million of the $120 million could be used to support a public housing development program.

Measure Text


Shall the action of the general assembly, by an act passed at the January 2026 session, authorizing the issuance of bonds, refunding bonds, and temporary notes of the State of Rhode Island for the capital projects and in the amount with respect to each such project listed below be approved, and the issuance of bonds, refunding bonds, and/or temporary notes authorized in accordance with the provisions of said act?
Housing and Homeownership $120,000,000

Approval of this question will allow the State to issue general obligation bonds, refunding bonds, and/or temporary notes in an amount not to exceed one hundred and twenty million dollars ($120,000,000) to increase and preserve the availability of affordable and accessible housing to meet the needs of all Rhode Islanders and support community revitalization through the redevelopment of existing structures, new construction, property acquisition, and infrastructure improvements. Of this amount, at least twenty-five million dollars ($25,000,000) shall be allocated towards increasing production of housing intended for homeownership and up to ten million dollars ($10,000,000) may be used to support a program for public housing development.

Resources


Official Summary

Source
arrow_upward