Housing

SB 3262 updates the state law for Glocester, Rhode Island, to allow the town council to offer property tax credits to elderly and disabled residents. The bill authorizes a base credit of up to $2,070 for owners aged 65 or older or those under 65 who are permanently disabled, with higher additional credits for those over 80. These financial benefits are adjusted annually using a specific non-compounding method based on the consumer price index and apply regardless of the owner's income level. The legislation also clarifies that only one exemption is granted per property, even if multiple owners are eligible, and ensures these credits work alongside other existing tax exemptions.

Amends the state building code and would require that the state adopt the 2024 International Residential Code and prohibit the state building committee from adopting amendments for one to four residential dwelling units until 2030.

Amends the current law on low-income housing to include moderate-income housing and eliminates the income percentages used to determine qualifications for low or moderate income housing.

Amends the zoning ordinances to allow the town to restrict occupancy to one unrelated person per bedroom in a dwelling, up to a five (5) bedroom unit. Units with more than five (5) bedrooms may be limited to five (5) unrelated persons per unit.