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Comprehensive Housing Strategy


Location
Rhode Island
Publication Date
06/27/2019 03:15 PM EDT
Closing Date
08/05/2019 02:15 PM EDT
Issuing Organization
City of Providence
Solicitation Number
Description

Specifications include, but are not limited to: The City of Providence is committed to expanding access to safe, affordable housing to improve quality of life and stability in Providence neighborhoods. While about 15% of Providence’s housing stock qualifies as low- and moderate-income housing, 57% of renters in Providence are cost-burdened, spending more than 30% of income on housing costs. The City of Providence seeks proposals from qualified professional consultants to produce a Comprehensive Housing Strategy that includes a comprehensive housing needs assessment, analysis of current initiatives, and ten-year citywide housing action plan. The goal of this project is to gather, analyze, and compile data necessary to quantify housing gaps and identify and develop tools, make regulatory and policy changes, and create financing mechanisms to increase the supply of housing with a lens toward equity, inclusive growth, and fair housing to ensure housing affordability for all Providence residents. Additional goals of the Comprehensive Housing Strategy are to: •Create and preserve dedicated affordable housing units; •Promote affordability by increasing the overall housing supply by lowering barriers and costs; •Assist renters and homeowners to maintain housing stability; and •Help renters and homebuyers afford and sustain the cost of housing. •Reduce displacement of existing residents at all income levels.

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