In 2015, Reinvestment Fund provided financing for California’s first Pay for Success (PFS) project. Project Welcome Home in Santa Clara, CA, will provide community-based clinical services and permanent supportive housing for up to 200 chronically homeless individuals. The program brings together the County of Santa Clara, California and Abode Services, a national leader in innovative housing services for homeless persons.Read Story
Reinvestment Fund and the Robert Wood Johnson Foundation (RWJF) today announced $3 million in awards across 50 mid-size cities in 31 states for Invest Health, an initiative aimed at transforming how city leaders work together to help low-income communities thrive, with specific attention to community features that drive health such as access to safe and affordable housing, places to play and exercise, and quality jobs.
More than 180 teams from 170 communities applied for grants of $60,000 each, which were available to cities with populations between 50,000 and 400,000. Applicants were required to form five-member teams including representatives from the public sector, community development, and an anchor institution, preferably academic or health-related. Selected teams also include members from public school districts, community organizations, and local philanthropies.Read More
Artists value the process of remaking space and help reveal the potential for recovery inherent in many urban neighborhoods. In both the redevelopment of discrete buildings and incremental renewal of large districts, they provide entrepreneurial energy to the task of preserving something old through the development of something new.
In Baltimore, Reinvestment Fund is developing a strategy to target investment in the arts to low-income communities in Central Baltimore, where it can catalyze and build on other complementary efforts. For one year, our Creative Placemaking Fellow, Rebecca Chan, is charged with the task of developing best practices for financing the arts in distressed neighborhoods in ways that build community among both new and existing residents. What follows is the first in a 3-part series on her work. This work is supported by The Kresge and Surdna Foundations’ Catalyzing Culture and Community through CDFIs, or C4, a joint initiative intended to help support and expand CDFIs involvement in creative placemaking.