Rhode Island Pushes New Housing Solutions With a Bold Legislative Package
Rhode Island is rolling out another major attempt to boost housing affordability, tackling issues that have troubled communities nationwide. This sixth legislative package aims at zoning reform, code updates, lot splits, and even reviving once controversial housing types such as single room occupancy units and modern co living spaces. As the smallest state in the U.S. continues to face a major shortage of homes, lawmakers believe these new measures could help meaningfully expand supply in built out cities and towns.
A State Still Playing Catch Up
House Speaker Joseph Shekarchi highlighted that Rhode Island has passed more than 60 new housing laws in recent years. These laws have already spurred a 70 percent increase in building permits in 2023, the highest since the Great Recession. Even with progress, he emphasized the reality that Rhode Island spent years ranking last in new housing starts, and the state is still working hard to recover.
Chronic underbuilding pushed Rhode Island vacancy rates to rock bottom. Today, a median home price around 500,000 dollars puts ownership out of reach for many locals. Renters face major challenges as well, with many households paying well above 30 percent of their income just to stay housed. Competition for any decent listing remains intense, and longtime residents are being priced out by higher earning buyers.
The ROOM Act and the Return of Co Living
One of the most notable proposals in this package is the ROOM Act, introduced by State Rep. June Speakman. This bill relegalizes single room occupancy and co living housing, providing new lower cost choices for residents. The act defines co living arrangements, standardizes occupancy agreements, and requires municipalities to allow co living by right in any zone that already permits residential use.
The legislation also limits local barriers such as excessive parking rules or restrictive design standards. Cities that fail to comply by January 1, 2027, could face lawsuits and be responsible for attorneys fees.
Rhode Island lawmakers are also weighing additional reforms that could unlock new development opportunities. These include expanding by right lot splits in areas with water and sewer, capping parking requirements near transit, and updating building codes to allow single staircase apartment buildings up to four stories. The state is additionally exploring ways to convert vacant municipal buildings, including unused schools, into new housing without heavy procedural delays.
Did you know?
Similar zoning and transit oriented reforms have already been adopted in states like California, Colorado, and Illinois. Rhode Island is now positioning itself among a growing list of states advancing modular, flexible housing policy.
Will These Changes Deliver Results?
Local resistance remains the biggest question mark. While Rhode Island has faced less pushback than many states, zoning and land use changes often trigger concerns about local control. At the same time, Providence is weighing a separate proposal to cap rent increases at 4 percent annually, creating another layer in the debate around pricing and affordability.
Why This Matters for Real Estate Professionals
These reforms can reshape local inventory, increase development opportunities, and create new business pathways for agents, brokers, builders, and property managers. Anyone working in real estate will need to stay informed as the state updates zoning laws, occupancy rules, and development standards.
For students and professionals preparing for licensing exams or seeking continuing education, understanding how policy shapes the market is essential. Cameron Academy stays focused on making these complex topics clear and accessible so future agents and industry experts can navigate evolving housing landscapes with confidence.
As Rhode Island pushes forward with bold housing changes, one thing is certain: the conversation around affordability, zoning, and innovative housing models is far from over, and real estate professionals will play a key role in what comes next.
More Articles
Getting licensed or staying ahead in your career can be a journey—but it doesn’t have to be overwhelming. Grab your favorite coffee or tea, take a moment to relax, and browse through our articles. Whether you’re just starting out or renewing your expertise, we’ve got tips, insights, and advice to keep you moving forward. Here’s to your success—one sip and one step at a time!
Bluerate.ai—formerly MyMortgageRates—is stepping into 2025 with a mission to modernize a mortgage process that has barely changed in decades. Built by Zeitro, the platform equips both borrowers and loan officers with powerful AI tools, from online pre‑qualification and automated financial data extraction to instant guideline answers and scenario analysis. With more than 3,000 verified NMLS‑licensed loan officers and real‑time rate comparisons from major lenders, Bluerate.ai is quickly becoming a must‑know platform for mortgage and real estate professionals seeking speed, clarity, and a fully digital lending experience.
After the longest government shutdown in U.S. history, key federal housing programs such as FHA, VA, USDA, and NFIP are officially back in operation—offering long‑awaited relief to agents, lenders, and insurance professionals. But with a six‑week backlog slowing everything from loan guarantees to flood-insurance renewals, real estate pros should brace for delays and focus on resetting client expectations. A new federal spending deal restores funding through early 2026 and gives the market room to breathe, while NAR’s aggressive advocacy helped push the government toward reopening. Now, professionals who communicate clearly and stay on top of regulatory updates will be best positioned to guide clients through the temporary turbulence.
Commercial real estate is rapidly shifting toward a digital-first model, with platforms like Crexi leading the charge. By unifying property data, AI-driven insights, transparent bidding, and streamlined transaction tools, digital marketplaces are becoming essential to how modern CRE deals are sourced, analyzed, and closed. With more than 2 million monthly users and over $1 trillion in facilitated transactions, Crexi showcases how technology is reshaping the industry and giving real estate professionals a powerful competitive edge.
Europe’s biggest landlords—including Aroundtown, Vonovia, and top global investors—have teamed up to launch ATechX, a powerful new accelerator giving proptech startups something they rarely get: access to real buildings, real customers, and a clear path to scale across multiple countries. Designed to move founders beyond “pilot purgatory,” ATechX offers a true sandbox for innovation in Europe’s aging, regulation‑heavy property market, helping promising technology reach commercial traction faster than ever.
Mortgage rates are finally easing, inventory is climbing, and buyers are gaining leverage for the first time in years — yet sky‑high prices and economic jitters are keeping many on pause. With economists warning that inflation could push rates higher again, this fall may offer a rare window for well‑prepared buyers. Here’s what’s driving the shift, where opportunities are emerging, and how real estate professionals can stay ahead.
Griffin Funding has appointed John Jones as Senior Vice President of Growth and EOS Integrator, aiming to scale the company toward a $3 billion annual non-QM volume goal by 2030. After serving in fractional leadership roles since April 2025, Jones now steps in full‑time to lead organizational structure, efficiency, market expansion, and cross‑department alignment. Backed by strong liquidity and rising deal volume, Griffin Funding appears positioned for major industry impact in the years ahead.
