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House committee hears bill to help Gatsby Point homeowners association buy leased land
Summary
The House Judiciary Committee heard testimony on House Bill 5299, which would direct Rhode Island Housing and the Infrastructure Bank to study and develop ways to help qualified homeowners associations purchase leased land; residents and HOA leaders said the measure would preserve affordable, multigenerational neighborhoods.
The House Judiciary Committee on March 25 heard testimony on House Bill 5299, sponsored by Rep. McNamara, which asks Rhode Island Housing and the Infrastructure Bank to study mechanisms to assist qualified homeowners associations to buy leased land that underlies homes.
Supporters told the committee that Gatsby Point is a coastal neighborhood of long-standing, working- and moderate-income households where many families live on land leased from a private owner. Joe Duquette, president of the Gatsby Point Homeowners Association, said the community includes multi‑generation households and called the proposed assistance “a…
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