The bill amends Section 45-53-12 of the General Laws in Chapter 45-53, which pertains to "Low and Moderate Income Housing." It requires 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 the Executive Office of Housing. The report will now be due on April 15 each year, rather than March 1, to ensure it includes a full calendar year's worth of housing choice voucher data.

The report will include information on the 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. Additionally, public housing authorities and agencies must provide data directly to the Department of Housing, rather than the Office of Housing and Community Development. The report will also include details on the amount of "leasing potential" for unfunded vouchers, as defined by the United States Department of Housing and Urban Development. Overall, the amendments aim to enhance the quality and comprehensiveness of the annual report, ensuring better oversight and understanding of low and moderate-income housing efforts in Rhode Island.

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