The Local Initiatives Support Corporation has Announced Grants to Four Groups in RI.

The Local Initiatives Support Corporation has Announced Grants to Four Groups in RI.

The Local Initiatives Support Corporation (LISC) has announced grants to 47 community organizations across the country and four grants in Rhode Island as part of its federal Social Innovation Fund award to establish and expand Financial Opportunity Centers in 10 metropolitan areas.  According to LISC, the grants across the country are expected to help more than 25,000 families find jobs, reduce inappropriate debt, gain financial literacy and build assets.

In Rhode Island, the organizations receiving grants are:

Amos House

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Dorcas Place Adult and Family Learning Center

Family Resources Community Action

Providence Housing Authority

The Corporation for National and Community Service, which administers the new Social Innovation Fund, awarded LISC $4.2 million to help low-income residents secure their financial future. Now, LISC is matching these dollars with private funds, and recently conducted an RFP process to identify community-based partners with the capacity to implement the program. That includes local nonprofits in Chicago, Cincinnati, Detroit, Duluth, Houston, Indianapolis, Providence/Woonsocket, the San Francisco Bay Area, San Diego and the Twin Cities.