About Us

Established in 2024, The Commons Foundation is solely focused on supporting the construction of housing that is affordable for members of the community.

Mission & Guidelines

The Commons Foundation will use funds to help significantly increase the stock of community housing in town, it will focus on home ownership for the working middle class, and it will help create those houses in a fiscally responsible fashion.

Our mission is:

  • Home ownership for people raised in Little Compton​

  • Housing those already working here​

  • Home ownership for newcomers who wish to live and work here​

  • Housing for Little Compton farmers, trades, teachers, public safety workers, merchants, and downsizing Seniors​

The Commons Foundation is a locally financed source of capital for community housing.

Moderate and middle income “attainable” housing for people who will live and work in Little Compton:​

  • Applicants with incomes up to 140% of the Providence-Fall River Area Median Income for purchased housing (100% of AMI for rental)​

  • Applicants can spend up to 40% of income for housing costs (mortgage, taxes and insurance)​

  • Deed restrictions to retain purchaser income limitations and fair pricing over the long term​

  • TCF will collaborate with local and state affordable housing finance agencies and programs but is NOT funded by them​

Non-Discrimination Policy

It is the policy of The Commons Foundation not to discriminate on the basis of race, creed, ancestry, marital status, gender, sexual orientation, age, physical disability, veteran’s status, political affiliation, color, religion, or national origin.

Conflict of Interest Policy

Tax Status

The Commons Foundation has a pending 501(c)3 status.