In Des Moines, Iowa, the Invest Health team is working with residents in the 50314 ZIP code to improve neighborhood conditions that impact health. Located on the northern edge of downtown, 50314 has a 35% poverty rate with aging infrastructure and few businesses.Read Story
Reinvestment Fund today announced two exemplary nonprofits as the winners of its annual Community Champion Award. The Common Market Georgia, based in East Point, Georgia and beGirl.World, based in Philadelphia, Pennsylvania received grant awards in support of their mission.
“We are delighted to honor these organizations that in many ways reflect our own values as an organization that is committed to creating opportunity for low-income communities,” said Amanda High, Reinvestment Fund’s Chief of Strategic Initiatives. “This unique award program is just in its second year but offers a small way for our staff to shine a light on outstanding local organizations that they deeply care about.”
The Community Champion Award is small grants program that recognizes nonprofit organizations that are aligned with Reinvestment Fund’s own mission. Awardees are selected by an appointed staff committee that makes its selection from a pool of organizations nominated by staff. The selection is approved by Reinvestment Fund’s Community Advisory Board.Read More
Each year, lending institutions across the country report their mortgage lending activity under a law known as the Home Mortgage Disclosure Act (HMDA). Enacted by Congress in 1975 and amended several times since, HMDA data are a critical resource to understand how dollars flow into communities to support home purchasing, refinancing mortgages, or making home improvements. Regulators use HMDA for various purposes, which include assessments of lenders’ community reinvestment obligations and adherence to civil rights laws.
The 2016 HMDA data were recently released providing an opportunity to look at the local mortgage lending environment – trends in loan volume, the kinds of loans being made, where loans are made, how efficiently different groups can access credit, what entities purchase the home loans once made, and what lenders are originating mortgages in Philadelphia.