Study: RI facing a major shortage of housing

By Ted Nesi
WPRI
 Published: April 6, 2016, 12:01 am  |  Updated: April 6, 2016, 12:01 am

PROVIDENCE, R.I. (WPRI) – Rhode Island would need to add as many as 40,000 new housing units over the next decade to keep up with the state’s changing demographics, but the state is currently on course to fall far short of that amount, according to a new study released Wednesday.

The study, conducted by Roger Williams University’s HousingWorks RI, said projected growth in the number of Rhode Islanders in two groups – Millennials and seniors – will drive demand, particularly for multifamily homes. But Rhode Island has seen a sharp drop in residents ages 45 to 64 since the Great Recession.

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