Rhode Island Code of Regulations
Title 860 - Housing Resources Commission
Chapter 00 - N/A
Subchapter 00 - N/A
Part 5 - Rules and Regulations Governing the Implementation of an Approved Monitoring Agent Program
Section 860-RICR-00-00-5.7 - Reporting
Universal Citation: 860 RI Code of Rules 00 00 5.7
Current through September 18, 2024
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.
Disclaimer: These regulations may not be the most recent version. Rhode Island may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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