PROVIDENCE, March 19, 2021 –The LISC Neighborhood Development Fund (NDF) Capacity-Building Grant program will open on April 2 for applications for up to $100,000 per award for a non-profit Community Development Corporation (CDC) engaged in creating and preserving affordable housing in Rhode Island. Since the inception of the program, LISC has awarded more than $16.2 million to CDCs in Rhode Island and has supported the development of more than 8,800 homes.
The NDF program provides grants to fund capacity-building activities such as training, resource development, staffing support, and technical assistance. The primary objective of the program is to increase the ability of the state’s CDCs to produce affordable housing at scale while addressing broader community revitalization issues.
“Our mission is to create communities where residents can thrive,” said Jeanne Cola, Executive Director of LISC RI. “This funding allows our non-profit partners to develop the expertise and capacity needed to create more housing in Rhode Island. Developing this resource is a pivotal program in the economic development of our state. Housing is a fundamental social determinant of health, and the foundation for all other programs that are geared to improve quality of life.”
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. LISC Rhode Island staff works with developers to ensure that investments lead to projects that are well structured, appropriately financed, built on time and on budget.
LISC Rhode Island — Together with residents, partners, and local leaders, LISC Rhode Island forges resilient and inclusive communities of opportunity across our state – great places to live, work, visit, do business, and raise families. Our strategies – investing in real estate, increasing family income & wealth, stimulating economic development, improving access to quality education, and supporting healthy environments and lifestyles – work together to improve the health and well-being of our neighbors. LISC has invested $437 million in neighborhoods across our state, helping to create more than 8,800 affordable homes and support the development of more than 2.5 million square feet of commercial, childcare, educational, and community space.