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Rhode IslandS10112025 Regular SessionSenateWALLET

AN ACT RELATING TO STATE AFFAIRS AND GOVERNMENT -- RHODE ISLAND HOUSING RESOURCES ACT OF 1998 .

Sponsored By: Louis P. DiPalma (Democratic)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Homebuyer affordability limits depend on funding source

The law sets affordability standards for homes sold to households earning below 120% of local median income, adjusted for family size. Housing requiring federal funding or grants originating from the U.S. Department of Housing and Urban Development has a 30% limit. That means housing costs cannot exceed 30% of household income before taxes. With other financing, including private or state money, the limit is 38%. The higher limit lets more homes qualify as affordable, but allows buyers to spend more of their income on housing.

Sponsors & Cosponsors

Sponsor

  • Louis P. DiPalma

    Democratic • Senate

Cosponsors

  • Jacob Bissaillon

    Democratic • Senate

  • Robert Britto

    Democratic • Senate

  • John P. Burke

    Democratic • Senate

  • Frank A. Ciccone, III

    Democratic • Senate

  • Mark P. McKenney

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 100 • No: 8

House vote • 6/20/2025

RI HOUSING RESOURCES ACT 1998 PASSAGE IN CONCURRENCE

Yes: 64 • No: 7

Senate vote • 6/18/2025

STATE AFFAIRS/GOV -- RI HOUSING RESOURCES ACT OF 1998 Passage

Yes: 36 • No: 1

Actions Timeline

  1. Signed by Governor — Chapter 326

    6/30/2025Governor

  2. Transmitted to Governor

    6/25/2025Governor

  3. House passed Sub A in concurrence

    6/20/2025House

  4. Placed on House Calendar (06/20/2025)

    6/18/2025House

  5. Senate passed Sub A

    6/18/2025Senate

  6. Placed on Senate Calendar (06/18/2025)

    6/17/2025Senate

  7. Committee recommends passage of Sub A

    6/17/2025

  8. Proposed Substitute

    6/16/2025

  9. Scheduled for consideration (06/17/2025)

    6/14/2025

  10. Committee recommended measure be held for further study

    5/15/2025

  11. Scheduled for hearing and/or consideration (05/15/2025)

    5/9/2025

  12. Introduced, referred to Senate Housing and Municipal Government

    5/2/2025Senate

Bill Text

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