November 2018

Blog post written by Jessica David and published by the Rhode Island Foundation on Monday, November 19, 2018.  “Impact investing is about aligning financial investments with mission,” says Jessica David, executive vice president of Strategy and Community Investments at the Foundation. Last year, we began investing, beyond traditional grant making efforts, in Rhode Island-based efforts that generate measurable social impact and a financial return. Our goal is to invest up to 5 percent of our endowment in these types of investments. One Neighborhood Builders (ONB) is one of these investments. Its Protecting Providence Property (P3) program is a pilot effort to develop…

Article published by the Providence Journal on Tuesday, October 30, 2018. By Madeleine List Journal Staff Writer  $22-million affordable housing project at 60 King St. is completed with 60 units PROVIDENCE, R.I. — Between 1958 and 1988, hundreds of employees worked at the Imperial Knife Factory in Olneyville, manufacturing folding pocket knives, stainless steel cutlery and tableware. Today, that same mill building boasts 60 new apartments for families of varying income levels. “In the coming weeks, 60 families will come home to a beautiful apartment here,” said Dan Drazen, project manager for Trinity Financial, the developer of the $22-million affordable housing…