— excerpt from The New Colossus, Emma Lazarus
At Reinvestment Fund, the essence of our work is to build social cohesion and restore community fabric. In recent weeks, we witnessed ghastly events fueled by division and hate—experiences that are fundamentally antithetical to our values. These challenging events underscore that our friendships, alliances and shared support are more important now than ever before.
Reinvestment Fund was founded more than three decades ago by a handful of committed investors, many of whom came from diverse communities of faith. We have stood together over the years—working to strengthen communities and empower people. So when faith is used to divide instead of heal, and differences are used to justify contempt or harm rather than regard and kindness, it feels as if our own institution and community of friends and allies have been targeted.
Building inclusive communities is not an abstract matter for us–it is what we strive towards each day. Our work, and by extension your support and capital, has directly supported immigrant relief efforts in Pittsburgh. We work with communities of color across the country to build safe, vibrant neighborhoods. To us, last week’s events are deeply personal.
Let us all build a New Colossus for these times, a beacon of welcome and acceptance for all. We urge everyone connected to our work to redouble their commitment to building a just and equitable society. Push back on those that spew vitriol and bigotry. Don’t let these events demoralize you. Join us—stand up and defend love, name falsehoods of all kinds and be tireless in those pursuits.
First Step Staffing is a nonprofit social enterprise based in Atlanta. Founded in 2007, First Step’s mission is to secure sustainable income for individuals transitioning out of homelessness, including veterans, re-entering citizens, and others with significant barriers to employment. With financing from several organizations, including Reinvestment Fund, First Step is expanding to Philadelphia.Read Story
Reinvestment Fund is inviting applications for financial and technical assistance through the Healthy Food Financing Initiative’s (HFFI) inaugural grants program. Funding for the HFFI grants program is supported by the United States Department of Agriculture (USDA), authorized by the 2014 Farm Bill. As the National Fund Manager, Reinvestment Fund will offer financial resources and expertise to eligible healthy food retail projects to expand access to healthy foods in underserved areas, to create and preserve quality jobs, and to revitalize low-income communities.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.