We are on a mission to build strong, healthy, and more equitable communities.

Reinvestment Fund is a national mission-driven financial institution that creates opportunity for underserved people and places through partnerships. We marshal the capital, analytics, and expertise necessary to build strong, healthy, and more equitable communities.

For more than 30 years, we have been dedicated to supporting all communities with the resources they need to prosper and thrive. Each of our investments is motivated by impact, measured in social and financial returns, and designed to maintain our long track record of meeting our financial commitments—as confirmed by our strong S&P rating.

During these 30 years, the challenges we face have changed significantly, as have the political, social, and economic drivers that so deeply influence the reality of low-income communities and organizations like ours that work to reverse economic and social injustice.

Our plan for the next five years responds to these shifts and positions us for the future by scaling our impact through field-leading capitalization strategies, fine-tuned operations, and powerful new programs that draw on our capital, analytics, and expertise to address today’s most pressing challenges.

We have a strong foundation on which to scale our impact. Nationally, we continue to build and lead coalitions of changemakers who are solving systemic problems that transcend specific geographies. We originated $217.9 million in financing in 2018 alone to meaningfully improve access to good jobs, education, health care, housing, and child care for people across the United States.

Even as we look back at a successful year, it is with sadness that we remember our founder, Jeremy Nowak, whom we lost in 2018. Jeremy was a powerful, insightful, and tireless voice for equity, whose vision and values imbue our work every day.

As we look ahead to the next five years and beyond, we see a future inspired by Jeremy—one where there is room for everyone who shares our values of creating opportunity, delivering quality, and leading with data to make an impact.

Let’s catalyze positive, lasting impact—together.

Don Hinkle-Brown

President and CEO

Mark Zandi

Chairman of the Board

Remembering Jeremy Nowak


Jeremy Nowak was a visionary who worked tirelessly to create equitable communities. With Reinvestment Fund, he created an institution that carries that vision through its work. We remember him for his ambitious ideas, uncompromising values, profound humanity, and for always speaking truth to power.

Jeremy was Reinvestment Fund’s founding Executive Director. A community organizer, his ideas shaped not just this organization, but an entire sector devoted to building strong, vibrant communities. Jeremy headed Reinvestment Fund from 1985 to 2011, and during that time, reimagined what it means to organize people, capital, data, and capacity in service of a more equitable future.

Reinvestment Fund is part of Jeremy’s enduring legacy—his words, actions, and ideas permeate every aspect of our work. We invite you to stay connected as we announce new initiatives over the course of the coming year that honor his life’s work.

How We Invest in Communities


Old Buildings Reimagined

The long vacant historic Hebrew Orphans Asylum building in West Baltimore is being repurposed into a crisis stabilization center for people with acute addiction crises.


A Greener Planet

Five thousand affordable housing units in California get energy efficiency and water conservation improvements, ensuring long-term affordability of the homes and a livable planet.


Rebuilding Homes and Neighborhoods

In Atlanta neighborhoods still recovering from the recession, once foreclosed properties are being brought back to use as market affordable, for-sale housing.


Reducing Barriers to Expanded Services

New facilities help two food banks increase their capacity to provide fresh, healthy food and expand programming to support people in need as well as volunteers and partners.


Better Schools, Greater Opportunities

New investments transform a high school in a district that has gone decades without major capital investments, to create a first-class learning facility for students in a rural Mississippi community.


Guiding Equitable Development

City leaders, agencies, community groups, and developers look to analytics to inform a shared strategy for housing development in Dallas that promotes equity and prosperity.


Results & Financials

2018 Impact in Numbers


permanent Jobs

1.4 million

people positively impacted


patient visits annually

2.9 million sq. ft.

of commercial real estate & community facility space

95,536 MMBTUs

energy conserved and created annually




educational opportunities for students


minority- or women-owned/controlled businesses

Our investments are proudly aligned with the following United Nations Sustainable Development Goals

Financial Summary
Performance, 2011-2018


Financing Transactions* Closed in Calendar Year 2018

$217.9 Million