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Compton addresses11/21/2023 ![]() ![]() Little Compton residents have taken initiative to expand affordable housing: In 2019, the Housing Trust began working with HousingWorks RI on a survey to determine the need for affordable housing in town. The town’s commercial character has changed partially as a result of inaccessible housing, Bowen said - noting that the town’s multiple gas stations and bars that were present in his childhood have largely shuttered. But the three years after the onset of the COVID-19 pandemic have exacerbated that reality, shifting the fabric and character of the town. Little Compton has always struggled with housing affordability, multiple residents told The Herald. To meet the state mandate, the town needs to build, convert or adapt more than 150 units, according to the HousingWorks RI 2022 Housing Fact Book. The Rhode Island Housing Fact Book, created by HousingWorks RI, shows a trend of increasing prices in Little Compton: In 2019, the median single-family home price stood at $530,000 by 2021, it jumped to $797,000.Īnd while state law requires 10% of the housing stock of most Rhode Island municipalities to be affordable, Little Compton falls under the 1% mark with just nine long-term affordable housing units. According to data from the Rhode Island State-Wide Multiple Listing Service, the median single-family home in Little Compton sold during April had a price of $1,155,000 - only behind Block Island and Jamestown. ![]()
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