Message from CEO & Chair
In 2015, Reinvestment Fund closed $224 million in new investments—our largest year to date and more than four times what we were able to do just five years ago. That’s more families living in quality, affordable homes; more communities with easier access to health care and healthy food; more children receiving quality education; and more jobs and thriving local businesses.
Today, we have investments in 20 states and the District of Columbia—but we have not forgotten our home city. We invested over $40 million in Philadelphia in 2015, our greatest investment in any single city, at the same time that we’re financing new projects in Atlanta, GA, Santa Clara, CA, Winfield, KS, and more. We are also laying a foundation for the future with the launch of Invest Health, a new partnership with the Robert Wood Johnson Foundation that will help 50 mid-sized cities improve their built environments to create opportunities for low-income citizens to lead healthier lives.
Every area of Reinvestment Fund is thriving.
In 2015, TRF Development Partners completed its 170th home, approaching 75% occupancy in a part of East Baltimore where 10 years ago more than half of homes were vacant. Our Policy Solutions team has begun to organize a community of practice around how a better understanding of real estate markets, informed by research and data, can lead to tangible improvements in neighborhoods. PolicyMap, the most robust library of place-based data on the web, reached 15 million user-generated maps and counting, serving tens of thousands of policymakers, students, and community change-makers nationwide.
We were also proud to receive an investment grade, AA issuer credit rating from Standard & Poor’s. This powerfully affirms what we’ve always known: Our commitment to social impact is fully compatible with fiscal responsibility and financial strength.
The support of our investors makes this work possible—you are a source of our success, and for that we thank you. If you are not already, please consider joining our investor community, most of whom are individuals making small-dollar investments that, taken together, are a powerful force for good and for building healthy communities.