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Providence's RENT Fund: Quick Aid for Renters

Providence's RENT Fund: Quick Aid for Renters

Boston News Today | 2 Min News | The Daily News Now! · The Daily News Now!

March 17, 20262m 8s

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Show Notes

Providence Mayor Brett Smiley unveils a new housing stabilization plan, the RENT Fund, offering one-time grants of up to $3,000 to renters facing sudden hardships. The fund targets households earning up to 80% of the area median income and covers overdue rent, utilities, and other costs. The mayor opposes a separate rent stabilization plan, focusing on immediate aid and boosting housing supply through a proposed $25 million bond for the Housing Trust Fund. The RENT Fund could launch this summer, aiming to prevent evictions amid a tight affordable housing market.

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