Langevin Tour on Sequestration Highlights Impact on RI Affordable Housing

    WASHINGTON, D.C. – April 5, 2013 – (RealEstateRama) — Today, Congressman Jim Langevin (D-RI) addressed sequestration’s impact on affordable housing with Rhode Island Housing Executive Director Richard Godfrey and Omni Development Corporation President Joe Caffey. The meeting took place at Turning Point II on Convent Street in Providence, a development that Omni has proposed to rehabilitate as 13 apartments for homeless veterans. The project currently faces a funding gap, and is the type of initiative that is at risk if the sequestration policy continues. In total, sequestration would cut $15 million in housing funds statewide

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