The bill amends the Rhode Island Housing Resources Act of 1998, renaming it the "Comprehensive Housing Production and Rehabilitation Act of 2004." It emphasizes the importance of a comprehensive housing strategy that caters to the diverse needs of various populations, including low-income families, older citizens, students, and vulnerable individuals. The bill mandates local and state partnerships to eliminate barriers to housing development, update zoning regulations, and create innovative funding mechanisms for affordable housing initiatives. It also requires the development of a five-year strategic housing plan with measurable goals and implementation activities to address the housing needs of different demographics.

Additionally, the bill introduces specific definitions and eligibility criteria for affordable housing, stating that it should not exceed 30% of a household's gross income for those earning less than 120% of the area median income. A notable provision allows manufactured homes in Tiverton to be counted as affordable housing, granting them half a credit towards compliance with housing requirements. The bill also clarifies that age-restricted manufactured home communities must have residents aged fifty-five or older and meet local zoning and licensing requirements. Furthermore, it includes definitions for various housing-related terms and mandates that the strategic housing plan be updated every five years, ensuring alignment with state planning requirements. The act will take effect upon passage.

Statutes affected:
6214: 42-128-8.1