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GIVING GOALS: David N. Cicilline, who became Rhode Island Foundation CEO and president in 2023, unveiled a five-year strategy for the state’s largest funder of nonprofits in 2024. The new plan identified six community priorities that will guide the foundation’s grantmaking.
PBN FILE PHOTO/MICHAEL SALERNO

Federal funding cuts put nonprofits to the test

It took years for Rhode ­Island’s nonprofits to put the COVID-19 pandemic in the rearview mirror, but the sector found it had a new...

Washington Trust to help finance 37 home purchases through affordable lending...

WESTERLY – The Washington Trust Co. said it expects to help finance 37 home purchases this year through a mix of federal grant programs...

R.I. gets $1.7M from FHLBank Boston for affordable housing efforts

PROVIDENCE – Rhode Island will receive a total of $1.7 million for affordable housing from the Federal Home Loan Bank of Boston that will...

FHLBank Boston awards BankNewport $850K grant to support construction of 54...

PROVIDENCE – BankNewport recently received an $850,000 grant from the Federal Home Loan Bank of Boston, which it will use to provide construction financing...

Mechanics Cooperative Bank awards $100K in grants to local small bizs

TAUNTON – Mechanics Cooperative Bank recently awarded $100,000 in grants to several small businesses hurt by the COVID-19 pandemic, according to a news release. The...

Federal Home Loan Bank of Boston funds $945K for new housing...

PROVIDENCE – Rhode Island received $945,000 in grants as part of Federal Home Loan Bank of Boston’s $57.5 million funding initiative to support affordable...

St. Anne’s Credit Union offers homebuyer assistance

FALL RIVER – St. Anne’s Credit Union has been selected to participate in the Federal Home Loan Bank of Boston’s Equity Builder Program, which...

Woonsocket and Newport to get affordable housing projects

PROVIDENCE – Buildings and homes in need of repairs in Woonsocket and Newport have access to funds for rehabilitation under an affordable housing initiative...
MECHANICS COOPERATIVE BANK has been selected by the Federal Home Loan Bank of Boston to participate in its Equity Builder Program, assisting local homebuyers with down payments and closing costs as well as providing counseling and rehabilitation assistance.

Mechanics Cooperative Bank tapped for Equity Builder Program

PROVIDENCE – Federal Home Loan Bank of Boston has selected Mechanics Cooperative Bank to participate in its Equity Builder Program. As part of the program,...
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