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.
Allows emergency preliminary certificates for teaching to be issued for up to a total of five (5) school years.
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.
Requires healthcare plans in RI to notify providers of any proposed amendments to an agreement 60 days before the effective date and requires 60 days notice of any amendment to a manual, policy or procedure that is referred to in a provider agreement.
Includes any costs paid by an enrollee or on behalf of the enrollee by a third party when calculating an enrollee's overall contribution to any out-of-pocket maximum or cost sharing requirement under a health plan as of January 1, 2025.
Extends the historic tax credit to June 30, 2029.
