Rhode Island Community Investment Cooperative is a Rhode Island based, community governed public benefit corporation created to hold and manage the state’s first community investment fund, the Local Return Diversified Community Investment Fund. The cooperative is raising capital to build community wealth through locally owned, community driven real estate revitalization and related ventures, prioritizing neighborhoods that have been historically excluded from traditional investment. Its model centers democratic ownership and accountability, with one vote per investor regardless of investment size and an investment committee primarily made up of residents of prioritized neighborhoods to vet d...
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