860 R.I. Code R. 860-RICR-00-00-5.7

Current through December 3, 2024

Section 860-RICR-00-00-5.7 - Reporting

A. Monitoring Agents will report the following information no less than annually to the Housing Resources Commission:

1. The total number of homeownership units in the Monitoring Agent's portfolio, by municipality as of the end of the reporting period;

2. The total number of rental units, other than Accessory Dwelling Units ("ADU")'s in the Monitoring Agent's portfolio, by municipality as of the end of the reporting period;

3. The total number of ADUs in the Monitoring Agent's portfolio, by municipality as of the end of the reporting period;

4. The total number of resales on homeownership units transacted, by municipality, during the reporting period;

5. The total number, along with corresponding addresses and terms of affordability, of newly developed homeownership units added to the Monitoring Agent's portfolio during the reporting period;

6. The total number, along with corresponding addresses and terms of affordability, of newly developed rental units added to the Monitoring Agent's portfolio during the reporting period;

7. The total number, along with corresponding addresses and terms of affordability, of newly developed ADUs added to the Monitoring Agent's portfolio during the reporting period;

8. The number of units that are currently not in compliance with their Affordable Housing Restriction, by municipality, along with a narrative explanation of corrective actions taken by the Monitoring Agent to date to resolve the noncompliance.

9. Units that currently are, or were during the reporting period, in imminent danger of foreclosure, by municipality, along with a narrative explanation of corrective actions taken by the Monitoring Agent to date to resolve the noncompliance;

10. Fees collected by the Monitoring Agent during the immediately preceding reporting period;

11. Updates regarding compliance of projects within the Monitoring Agent's portfolio regarding compliance with the applicable Affordable Housing Restriction;

12. Any other data requested by the HRC.

860 R.I. Code R. 860-RICR-00-00-5.7

Adopted effective 5/30/2024