Authorizes the department of housing to issue bonds in the amount of $50,000,000 with a maturity date not to exceed 20 years, to establish the housing production revolving fund, to promote the development of housing and ensuring more affordable housing.
Establishes a housing land bank program with the goal of creating affordable housing in the State of Rhode Island. The housing land bank would have the authority to buy, receive and hold property in furtherance of this goal.
Increases conveyance tax for residential properties sold above $2,000,000 to a rate of $3.30 per $500, to be collected for RI housing for elderly affordable housing development. Provides and exemption to any entity developing elderly affordable housing.
Increases the income range up to fifty thousand dollars ($50,000) and tax credit up to eight hundred fifty dollars ($850), for elderly and disabled persons who own or rent their homes.
Redefines the groups included in "minority community-based organizations" for purposes of them making recommendations for appointments to state boards, commissions, public authorities, and quasi-public corporations.
Creates an 11 member commission to study the ability of the RI educational system to offer degrees or certificates to provide a supply/pipeline of planners, planning technicians and staff, and report back by January 1, 2025, and expire on June 30, 2025.
Ensures that independent pharmacies are protected from pharmacy benefit discrimination toward non-affiliated pharmacies and helps protect consumers' ability to choose local, independent pharmacies.
Extends the historic tax credit to June 30, 2029.
Establishes the second look act and would permit incarcerated individuals to petition the sentencing court to consider a motion to reduce a sentence after the defendant has served at least ten (10) years of the sentence.
