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Expanding investment in housing and other real estate

Stimulating economic activity, locally and regionally

Improving residents' access to education, training and family services

Fostering livable, safe and healthy environments

Heritage Place Woonsocket, RI

Located on the banks of the Blackstone River in Woonsocket, RI, Heritage Place is a landmark mixed-use development that transformed a blighted brownfields site into a bustling community center with shopping, new homes and office space ofr NeighborWorks Blackstone River Vally (NBRV). Anchored by a Dunkin' Donuts and providing affordable housing to over 40 families, Heritage place continues NBRV's commitment to comprehensive community development.

Other Neighborhood Projects:

Heritage Place caps over 12 years of investment in Constitution Hill by NBRV, which has resulted in over 140 affordable apartments and homes, and arts center, neighborhood playgrounds and home-based child care centers.

LISC has supported NBRV's transformation of this community with over $30 million in grants, loans and equity investments.

Developer

John Smith Associates

Total Units/Square Feet

43 affordable rental apartments and 16,500 square feet of retail and office space

LISC Investment

$4.8 million in National Equity Fund Low Income Housing Tax Credits and a $50,000 recoverable grant

Total Development Cost

$10.3 million

Other Project Investors

Housing Resource Commission, Rhode Island Housing and Mortgage Finance Corporation.

	Expanding Investment in Housing and Other Real Estate
	Increasing Family Wealth and income
	Stimulating economic activity, locally and regionally
	Improving residents' access to education, training and family services
	Fostering livable, safe and healthy environments