Today, the Providence Preservation Society (PPS) released their 2025 Most Endangered Places List, with a specific focus on the neighborhoods abutting Providence College: Elmhurst, Smith Hill, and Wanskuck. PPS research found that 260 parcels of land around the campus are owned by just nine landlords and developers.
In response, Providence City Councilwoman Shelley Peterson (Ward 14) released the following statement, expressing deep concern about the rapid gentrification of the area and the rise of real estate monopolies:
“The trends outlined in PPS’s report are alarming, but sadly, not surprising. It is unacceptable for a small handful of predatory investors to control entire streets in our city. While Ward 14 families struggle to keep up with skyrocketing rents, consolidated real estate ownership allows student housing landlords to raise prices on a whim. These exploitative buying practices have forced too many people out of the neighborhoods they were raised in, and quality of life has eroded for those that remain. I am grateful for PPS’s important work highlighting this issue. As we try to strike a balance between the needs of our transient student population and the working-class families who have lived in this community for generations, I’m committed to policy that puts people over profit. The interests of a few should never outweigh the needs of our neighbors.”
Councilwoman Peterson has prioritized student housing challenges in Ward 14 throughout her term. Early last year, she established the Student Housing Task Force after hearing quality of life concerns from her constituents residing near Providence College. The Task Force meets regularly, bringing together local community representatives and residents to discuss concerns and build policy around student housing. The next Student Housing Task Force meeting will be held on Saturday, February 15.
In addition, the Councilwoman successfully pushed for the inclusion of student housing language in the 2024 Comprehensive Plan, opening avenues for tighter regulation. In November 2024, an ordinance introduced by the Councilwoman was passed that requires multi-unit dwelling owners appoint local property managers, a law that will go into effect in March of this year. Councilwoman Peterson also serves as Vice-Chair of the Council’s Special Committee on Health, Opportunity, Prosperity, and Education and as a member of the Housing Crisis Task Force.
The housing crisis impacts every neighborhood of Providence, and residents across the city have voiced concern about rising rents, predatory practices, and risks of displacement. Providence City Council remains committed to pursuing bold, community-driven policy to address these urgent challenges.
