Our Priorities
Reinvestment Fund supports projects in severely distressed census tracts that provide essential services to their communities including health care, education, and access to healthy food. Additionally, we fund projects that serve as anchors for community revitalization which can include commercial development and housing. Above all, we prioritize projects that demonstrate commitment to the following objectives:
- Community Revitalization: Projects that serve as community anchors, reinvigorating neighborhoods and spurring future development. These may be first-phase efforts in multi-phase projects that benefit Low-Income Persons (LIPs) and Low-Income Communities (LICs) by creating affordable housing or revitalizing under-utilized community assets.
- Racial Equity: Projects that reduce racial disparities stemming from institutionalized racism by supporting minority-owned/led initiatives. These projects are developed with meaningful input from LIC residents and ensure that services prioritize the needs of the most impacted communities.
- Community Services: Projects that provide essential services to LIPs, including healthcare, cradle-to-career education, workforce development, social services, and affordable housing. These services help reduce barriers to employment and foster economic self-sufficiency.
Projects We Support
Since 2004, Reinvestment Fund has received $663.4 million in NMTC allocations, which has helped support close to $1.7 billion in total investments in low-income communities. Our NMTC financing works through flexible features such as:
- Subordinated debt
- Below market interest rates
- Lower than standard origination fees
- Longer than standard period of interest-only loan payments
- Higher than standard loan-to-value ratio
- Longer than standard amortization period
- More flexible borrower credit standards, and
- Lower than standard debt service coverage ratio requirements.
As a Community Development Entity (CDE) and a Community Development Financial Institution (CDFI), Reinvestment Fund has the flexibility to meet a variety of financing needs by serving as a:
- Bridge Lender
- Leverage Lender
- Direct Lender
- Allocatee
- Co-Lender
Apply
To submit a project for consideration, please download and complete Part One of our Intake Form. Completed forms can be emailed to NMTC@reinvestment.com