Restoring Markets. Reimagining Possibilities.

Fund to sustain early learning providers, including childcare, pre-k, and home visiting programs serving children from birth to age five

William Penn Foundation, Vanguard, and Reinvestment Fund today announced a collaboration to support Philadelphia childcare providers who are struggling to sustain their businesses through closures caused by the COVID-19 pandemic. A $5 million grant from William Penn Foundation and a $2 million grant from Vanguard’s Strong Start for Kids Program will launch the Philadelphia Emergency Fund for Stabilization of Early Education (PEFSEE), which will help Philadelphia continue its important progress in ensuring access to high quality early learning.

Each year, the federal government releases a comprehensive database on mortgage lending activities across the US based on activity reported by lending institutions under the Home Mortgage Disclosure Act (HMDA). This year, there were a number of changes to the database; some changes from 2015 revisions expanded what we can know about mortgage applications (e.g., the age of borrowers) and other 2017-era changes limited that knowledge (e.g., suppressing applicant credit information). Read the report to see what the data reveals about mortgage lending activity in Philadelphia.