LISC Rhode Island awards 8 R.I. community development corporations $525K

JEANNE COLA is the executive director of LISC Rhode Island, which granted $525,000 to eight community-development corporations in Rhode Island from its Neighborhood Development Fund to increase the community-development corporations' ability to produce affordable housing while focusing on addressing broader community revitalization issues. / PBN FILE PHOTO/MICHAEL SALERNO

PROVIDENCE – The Local Initiatives Support Corp. Rhode Island announced $525,000 in grant awards for eight communities Wednesday, from its Neighborhood Development Fund for the 2018-2019 season.

The money will be used to increase the state’s community-development corporations’ ability to produce affordable housing while focusing on addressing broader community revitalization issues.

“Rhode Island, like the rest of the country, is experiencing a serious housing crisis,” said Jeanne Cola, executive director of LISC Rhode Island. “The rental market is very tight in many communities and the median house price has increased to the highest rate in 11 years. There is a critical shortage for housing for seniors and families, especially those earning below $50,000 a year.”

The following CDCs received funding in this round from NDF:

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  • Church Community Housing Corp.: $75,000
  • NeighborWorks Blackstone River Valley: $75,000
  • Pawtucket Central Falls Development Corp.: $75,000
  • One Neighborhood Builders: $75,000
  • Stop Wasting Abandoned Properties Inc.: $75,000
  • Smith Hill Community Development Corp.: $65,000
  • West Elmwood Housing Development Corp.: $35,000
  • East Bay Community Development Corp.: $35,000
  • The remaining $15,000 is allocated for training for the eight CDCs and to fund the small-grant pool (for grants under $2,000).

The NDF program also provides resources for professional-development training, operational resources for computer and systems upgrades, and technical assistance to help CDCs strengthen internal operations, in addition to operational funding.

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