About PRF

Since its inception in 1980 as an independent non-profit corporation, the Providence Revolving Fund (PRF) has been at the forefront of preserving the rich heritage and cultural significance of historic buildings and sites. Our mission transcends the preservation of brick and mortar, touching the very lives of the people in our communities. We strive to not only restore and maintain important architectural landmarks but also to rejuvenate the communities they anchor, fostering a sense of place and belonging.

Our Approach

Our approach is inclusive and dynamic, targeting investment in neighborhoods that are home to a diverse population, including People of Color and low-income residents, and where the architectural landscape is steeped in history, with buildings often over 50 years old. We recognize the vital role small businesses play in the vitality of these neighborhoods, and thus, our support extends beyond home improvement and residential revitalization to include the nurturing of local and regional enterprises. By empowering small businesses and developers, we contribute to the economic health and sustainability of the communities we serve.

Our Funding Model

Our funding model is designed to create a ripple effect of positive change. Through our lending programs and services, we aim to not only preserve physical structures but also to invigorate community spirit, support family stability, and inspire future generations. We are committed to being more than just a fund; we are a catalyst for enduring change, making a lasting impact on the lives of individuals, families, and entire neighborhoods.

Executive Director

Executive Director, Carrie Zaslow, joined PRF in 2018. She formerly served as Program Officer at Rhode Island LISC (Local Initiatives Support Corporation) overseeing their Neighborhood Development Fund, among other special projects.

Zaslow began her career in community development at the Rhode Island Commission for Human Rights where she held the Fair Housing Education and Outreach Project Manager position and later became the Homeownership Connection Director at the Housing Network of RI. She holds a Bachelor of Fine Arts Degree from Northern Michigan University in Metal-Smithing and a Master of Fine Arts from the Rhode Island School of Design in Jewelry and Light Metals.

She serves on several boards and commissions including the Providence Preservation Society, the Providence Foundation, and the New England Foundation for the Arts (Vice Chair), and is an active member of the Housing Network of Rhode Island (the state association for CDCs) and the Metro-Providence Housing Coalition. Zaslow resides in a historic Providence home with her husband, daughter, and their dog.