The median price of a single-family home dropped year over year in May, but at $500,000, buying a house remains out of reach for many Rhode Islanders

The business-backed Rhode Island Public Expenditure Council says the state should shift more funding toward middle-income housing

The City Council failed to overturn the mayor’s veto of the Providence Rent Stabilization Act, which aimed to cap annual rent increases at 4% in most city apartments

Providence City Councilor Ana Vargas supported rent control during her election campaign. As she prepared to vote on it, she received the largest political donations of her career

The city council approved the Providence Rent Stabilization Act on Thursday, which would have placed a 4% cap on annual rent increases for most Providence apartments

The Providence City Council is still one vote short of a supermajority that could override Mayor Brett Smiley's expected veto. The policy would cap annual rent increases at 4% with exceptions for owner-occupants.

Rachel Miller says the council is poised to ‘make history’ with final approval Thursday

Mayor argues policy won’t lower rents and could slow housing development

Though Mayor Brett Smiley said he plans to veto the Providence Rent Stabilization Act, city councilors appear to be one vote short of a veto-proof supermajority. Councilor John Goncalves, who has not taken a public position on the legislation, is seeking to delay the vote

AS220 co-founder says the city remains attractive to artists, but soaring housing costs could push many out