Rhode Island § 45-53-15 - Low and Moderate Income Housing

§ 45-53-15. Annual reports.

(a) The Rhode Island housing and mortgage finance corporation established pursuant to § 42-55-4 (the “corporation”) shall provide the annual reports pursuant to subsections (b) and (c) of this section to the speaker of the house, the president of the senate, the division of statewide planning, and the secretary of housing. Reports shall be made available on the corporation’s website for a period of at least three (3) years, and shall be deemed to be a public record. Reports shall be due on or before March 15, of each year, commencing in the calendar year 2023.

(b) Report on Rhode Island housing and mortgage finance corporation housing development and preservation activity. This report shall include the following information:

(1) The identity of projects that have been provided funding by the corporation for housing development or preservation and that closed on that financing by December 31 of the previous calendar year;

(2) The total aggregate of funds, in dollar amounts, that have been provided to projects by the corporation for housing development or preservation and that closed on that financing by December 31, of the previous calendar year, as well as those amounts disaggregated by each project; and

(3) The number of housing units that received funding from the corporation for housing development or preservation that received a certificate of occupancy in the previous calendar year, both in total and disaggregated by project.

(c) Report on tax payments made by affordable housing developments to municipalities pursuant to § 44-5-13.11. This report shall include data aggregated by all the municipalities and disaggregated by each individual municipality on the total amount of fees collected in the previous calendar year by municipalities on any assessment and taxation made pursuant to § 44-5-13.11.

(d) With regard to the report in subsection (c) of this section, all municipalities in the state shall annually submit to the corporation by January 15, of each year, the total amount of fees collected in the previous calendar year by the municipality on any assessment and taxation made pursuant to § 44-5-13.11 disaggregated by individual development.