Governor Gina Raimondo and the state’s congressional delegation were on hand Monday to announce a $25 million initiative to help low income Rhode Islanders. The money comes from state, federal and private donations. It will be distributed by the Rhode Island chapter of the Local Initiatives Support Corporation.
The money will be doled out over the next twelve months in the form of grants and loans for affordable housing, daycare and education, and public safety.
Governor Gina Raimondo says she hopes the $25 million investment will build on work already done to restore the state’s lagging economy.
The 25 million dollar roll-out comes on the heels of several prominent initiatives meant to keep young professionals in the state.
The Local Initiatives Support Corporation is celebrating its 25th anniversary in Rhode Island.
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