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Providence Housing Surge Amid Rent Pressure | Providence News
Providence is on a housing construction roll, with nearly 1,000 new units hitting the market this year—double last year’s pace—and still facing a dangerously low vacancy rate under 4%, fueling high rents. Mayor Smiley pushes for rent drops and price stability, even as average rent hovers around $2,100, slightly down but still above the national average. A rent control proposal was vetoed, and critical rental assistance funding remains stalled amid political delays. Yet, the city presses ahead with affordable housing preservation, vacant property reuse, eviction defense, and crackdowns on…
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