Housing and Real Estate
One of the first signs of a strong, healthy community is the availability of housing that addresses the needs of a range of income levels. Housing costs that are within the financial reach of local families ensure that residents have disposable income to spend on healthcare, food, childcare, and other necessities.
Affordable housing has benefits that extend beyond the walls of a home. It boosts spending and employment for the local economy, brings revenue into local governments, stabilizes neighborhoods, and improves health and education outcomes.
LISC provide grants, loans and equity for nearly every aspect of affordable housing development, from planning and acquisition to construction and renovation. Our affiliate partner, National Equity Fund (NEF), provides Low Income Housing Tax Credit (LIHTC) syndication. And LISC Rhode Island offer grants for capacity building to non-profit organizations focused on affordable housing through our Neighborhood Development Fund. These tools are delivered along with robust, specialized technical assistance for non-profit housing developers.
Neighborhood Development Fund
The 2024-25 NDF awarded $875,000 to Rhode Island non-profits focused on affordable housing development.
Featured Project: Harbor House, Newport
Harbor House is a Church Community Housing Corporation property located in the historic Point neighborhood of Newport and overlooks Narragansett Bay and the Newport Bridge.
Partner Profile
Church Community Housing Corporation has focused on improving housing options for low and moderate income residents in Newport since it first opened in 1969.
Jane Elliot, Harbor House Resident
Jane Elliot was on track to be a concert pianist. A coveted scholarship to the Julliard School of Music would surely propel the prodigy to new heights. However, an unwelcomed choice as a teenager put Elliot on a very different path.
