Providence Authorized to Issue $25 Million in Bonds for Affordable Multi-Family Housing Trust Fund

Original title: AN ACT AUTHORIZING THE CITY OF PROVIDENCE TO ISSUE NOT TO EXCEED $25,000,000 GENERAL OBLIGATION BONDS AND NOTES TO FUND THE PROVIDENCE HOUSING TRUST FUND TO FINANCE AFFORDABLE MULTI-FAMILY HOUSING PROJECTS IN THE CITY (Authorizes the city of Providence to issue not more than $25,000,000 in general obligation bonds and notes to fund the providence housing trust fund to finance affordable multi-family housing projects in the city.)

Last action · June 19, 2026: Signed by GovernorSponsors: Rebecca Kislak and 9 others

Companion · S 2674same policy, Senate version

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

Law

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What This Bill Does

The City of Providence is authorized to issue up to $25,000,000 in and notes to finance affordable projects through the Providence Housing Trust Fund.

Why it matters

Local taxpayers and municipal debt levels are affected by the issuance of up to $25 million in , which directly alters the capital available for subsidized construction and preservation in Providence.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

City of Providence

Gains the legal authority to issue up to $25,000,000 in general obligation debt for housing initiatives.

Directly affected

Providence Housing Trust Fund

Receives capital capitalization of up to $25,000,000 to allocate toward affordable multi-family housing projects.

Key Facts

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Frequently Asked Questions

How much money is Providence authorized to borrow under this act?

The city is authorized to issue not to exceed $25,000,000 in and notes.

What will the bond proceeds be used for?

The proceeds will fund the Providence Housing Trust Fund to finance affordable projects in the city.

What else do you want to know?

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Votes, people, money & the original source

Where This Stands

Current status: Signed into law.

Procedural history

14 actions

Jun 19, 2026Enrolled
Signed by Governor
Jun 16, 2026
Transmitted to Governor
Jun 9, 2026Floor
Senate passed in concurrence
Jun 5, 2026
Placed on the Senate Consent Calendar (06/09/2026)
Jun 2, 2026Floor
Committee recommends passage in concurrence
May 29, 2026
Scheduled for consideration (06/02/2026)

Show 8 earlier actions

May 22, 2026Committee
Referred to Senate Finance
May 14, 2026Floor
House read and passed
May 10, 2026
Placed on House Calendar (05/14/2026)
May 7, 2026Floor
Committee recommends passage
May 1, 2026
Scheduled for consideration (05/07/2026)
Mar 31, 2026
Committee recommended measure be held for further study
Mar 27, 2026
Scheduled for hearing and/or consideration (03/31/2026)
Feb 4, 2026Introduced
Introduced, referred to House Municipal Government & Housing

Version history

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