The bill amends Section 45-53-12 of the General Laws in Chapter 45-53, which pertains to "Low and Moderate Income Housing." It establishes a new requirement for the Rhode Island Department of Housing to prepare an annual report for the General Assembly, the Rhode Island Housing and Mortgage Finance Corporation, the Division of Statewide Planning, and other relevant entities. The report will now be due on April 15 each year, rather than March 1, allowing for the inclusion of a full calendar year's worth of housing choice voucher data. The report will be publicly accessible on the Department of Housing's website for at least three years.

The bill specifies the information that must be included in the report, such as the amount of fees collected by municipalities from developers in lieu of low- and moderate-income housing, the projects funded by these fees, the amounts allocated to the projects, and the number of housing units created. It also requires data on the number of unfunded vouchers due to the amount of "leasing potential" as defined by the United States Department of Housing and Urban Development. The changes aim to enhance the transparency and effectiveness of the reporting process related to low and moderate income housing in Rhode Island.

Statutes affected:
612: 45-53-12
612  SUB A: 45-53-12