This bill establishes a transit-oriented development pilot program in Rhode Island to increase residential housing near public transportation and alleviate traffic congestion. Municipalities can apply for funds for residential development if they have developable land near a regional mobility hub or frequent transit stop. The bill also establishes the Executive Office of Commerce and the position of Secretary of Housing within the office to oversee housing initiatives and develop a housing plan. The bill introduces amendments to current law regarding housing and community development, including reporting on affordability and healthy housing stock.

Overall, this bill aims to improve housing affordability and public health in municipalities by requiring reporting and assessments, as well as establishing the position of secretary of housing with additional responsibilities and authority.

Statutes affected:
1052  SUB A: 42-64.19-3, 42-64.34-1