Resources that Build Strong Organizations
LISC Rhode Island’s Neighborhood Development Fund (NDF) provides funding, training, resources and technical assistance in an effort to strengthen the internal operations of community development corporations (CDCs). The Fund also works to more broadly build the capacity of Rhode Island’s community development industry.
The program’s primary focus is to increase the ability of Rhode Island CDCs to produce affordable housing while addressing broader community revitalization issues. A CDC’s continued participation in this program is dependent on making substantial and demonstrable progress in real estate production and organizational operations.
The NDF program is funded with a combination of federal Housing and Urban Development (HUD) Section 4 dollars, along with local philanthropic funds. LISC Rhode Island provides operating support grants to qualified organizations and offers training and technical assistance to help organizations become more sound both fiscally and programmatically. Acting as a “shadow developer,” LISC Rhode Island staff provides assistance to ensure that investments lead to projects that are well structured, appropriately financed, built on time and on budget.
To date, LISC Rhode Island has invested $10 million in neighborhood-based CDCs through the Neighborhood Development Fund.