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RI H7226
Bill
Status
1/21/2026
Primary Sponsor
Michael Chippendale
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AI Summary
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Grants Rhode Island Housing and Mortgage Finance Corporation explicit authority to establish, revise, and administer the Qualified Allocation Plan (QAP) for federal Low-Income Housing Tax Credits
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Requires the corporation to prioritize scoring criteria that maximize low- and moderate-income housing production, emphasizing cost-efficiency and total number of income-restricted units
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Limits the cumulative weighting of supplemental criteria not directly related to housing production in tax credit allocation decisions
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Takes effect immediately upon passage
Legislative Description
Expands Rhode Island Housing’s authority to revise the qualified allocation plan to prioritize cost-efficient affordable housing production and total units, while reducing the scoring weight of non-production-related criteria.
State Affairs And Government
Last Action
Introduced, referred to House Municipal Government & Housing
1/21/2026