What the 21st Century ROAD to Hou...
What the 21st Century ROAD to Housing Act Means for Rhode Island

Real Estate Institute of Rhode Island di Real Estate Institute of Rhode Island

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While the 21st Century ROAD to Housing Act is a federal law, its ripples will be felt acutely right here in the Ocean State. Rhode Island faces some of the unique housing bottlenecks in the country—consistently ranking near the bottom nationwide for per-capita housing production.

Here is exactly how this legislation targets our local challenges and what it means for Rhode Island agents, buyers, and sellers:

1. A Lifeline for Rhode Island's Inventory Crisis

It is no secret that our state’s housing inventory is historically tight. The ROAD Act’s focus on cutting regulatory red tape is tailored perfectly for Rhode Island’s older, built-out communities. By expanding "categorical exclusions" for modest housing projects and streamlining environmental reviews, local builders can finally bypass the extensive bureaucratic d ... 

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Rhode IslandReal EstateReal Estate Institute of Rhode Island
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