Rhode Island Question 2: Housing and homeownership
Rhode Island · General obligation bond · Bonds · Statewide decision
Explanation reviewed 2026-10-27. AI-written and checked against linked official evidence; not an election-office summary.
AI-written summary
Would finance affordable and accessible housing, including construction, renovation, acquisition and infrastructure. At least $25 million would support homes intended for ownership; up to $10 million could support public housing.
What applies now
The state has not yet received voter authorization for this specific bond package.
If yes / for
Approve the proposed borrowing.
If no / against
Reject this borrowing authorization.
Costs and funding
Principal: $120,000,000. The guide estimates $72,586,000 in interest and $192,586,000 total cost, including issuance costs, assuming 20-year repayment at 5%. Actual costs may differ.
Timing
Borrowing provisions take effect after certification of voter approval. Guide estimates work beginning by 2028 and completion in 2029–2032.
Passage rule
A majority of votes cast on the individual bond question.