Rhode Island
| LEADERSHIP | |
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Executive Director: |
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Chair, Local Advisory Committee: |
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| CONTACT INFORMATION | |
| 146 Clifford Street Providence, RI 02903 Telephone: (401) 331-0131 Fax: (401) 861-8866 Website |
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Established in 1991
Achievements by the Numbers:
(LISC and Affiliates)- 6,605 homes and apartments
- 1.6 million square feet of commercial space
- $211.9 million total investment
- $809.6 million leveraged
- > Learn more at: www.rilisc.org
Project Profile:
Expanding investment in housing and other real estate development: In 2006, Rhode Island LISC invested nearly $20 million in housing, child care, mixed-use and capacity building projects. LISC-supported Woonsocket Neighborhood Development Corporation (WNDC) received a $50,000 recoverable grant and $4.8 million in Low Income Housing Tax Credits (LIHTC) from the National Equity Fund to complete its mixed-use Heritage Place development, which includes 43 affordable apartments and 15,000 square feet of retail space. Rhode Island LISC made its second New Markets Tax Credit investment for the development of a child care facility on Hope Street project in Woonsocket, and with support from Citizens Bank, Rhode Island LISC provided temporary housing assistance to more than 100 families who were relocated to Rhode Island after hurricane Katrina.