Block Island Housing Board seeks $2M bond to enhance affordable housing development

The New Shoreham Town Council meeting on April 3, 2025, highlighted significant discussions surrounding affordable housing initiatives and funding strategies aimed at addressing the pressing housing needs on Block Island. The council is actively pursuing a $2 million town warrant to support the development of affordable housing units, which is crucial for meeting the state's goal of 10% affordable housing in each community.

During the meeting, it was revealed that the Russo Foundation has granted $300,000 over three years, while the Rhode Island Infrastructure Bank contributed $2,500 for infrastructure work. Additionally, a solar initiative has provided $400,000, which will be utilized towards solar projects at the end of the housing development. However, the council faces challenges in securing further funding from Rhode Island Housing, having had two applications rejected due to the perceived small scale of the development and high construction costs.

The council emphasized the urgent need for affordable housing, citing a waiting list of 87 individuals actively seeking housing solutions. An updated survey is planned to better understand current community needs, as previous data is now outdated. The council is considering a mix of rental and ownership options for the new units, with financial constraints influencing the decision to potentially sell some units to fund the construction of others.

The discussion also touched on the complexities of existing housing projects, such as the East Searls Ball property, which is federally regulated and has a waiting list open to all Rhode Island residents. The council is working to streamline waiting lists across different housing initiatives to better serve the community.

In conclusion, the council's request for a $2 million bond is seen as a pivotal step in enhancing the town's affordable housing stock and improving its chances of receiving state funding. The meeting underscored the ongoing commitment of the New Shoreham Town Council to address housing challenges and ensure that residents have access to affordable living options. As the council prepares to submit another application for funding in the fall, the outcomes of these discussions will be closely watched by the community.