RI lawmakers looking to encourage long-term rentals in Middletown

RI lawmakers looking to encourage long-term rentals in Middletown

MIDDLETOWN, R.I. (WPRI) — Changes could be coming to housing in Middletown. The Rhode Island House of Representatives unanimously passed a bill Tuesday night aimed at giving landlords an incentive to rent to locals instead of vacationers. That incentive comes in the form of a lower tax rate. If passed, the bill would give that to landlords who keep their properties in the local housing market, rather than turning them into short-term rentals. Th…

Rhode Island House approves tax rate bill enabling Middletown to encourage long-term residential rentals - What's Up Newp

The Rhode Island House of Representatives today approved legislation sponsored by Rep. Terri Cortvriend enabling Middletown to move forward with its plan to encourage landlords to keep their apartments in the local housing market by providing them a lower tax rate. According to officials, the intention is to make more housing available to residents by […] The post Rhode Island House approves tax rate bill enabling Middletown to encourage long-te…