- Associated Press - Monday, September 21, 2015

PROVIDENCE, R.I. (AP) - The Rhode Island chapter of a national organization that invests in local communities is celebrating its 25th anniversary by investing $25 million in the Ocean State.

Local Initiatives Support Corporation, or LISC, on Monday unveiled its Invest in Rhode Island campaign to support low-income communities.

LISC Rhode Island will award $25 million in grants, low-interest loans and equity investments over the next year to support affordable housing, infrastructure and better education for low-income families.

Democratic Sen. Jack Reed says Invest in Rhode Island is an “extraordinary contribution to the state.”

Reed joined Gov. Gina Raimondo and other dignitaries at the State House Monday to celebrate the campaign.

LISC Rhode Island has invested $300 million in communities across the state since the chapter’s establishment in 1991.


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