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News January 23, 2020

Bread & Roses Community Fund receives Reinvestment Fund’s Community Champion Award

Bread & Roses Community Fund, the leading funder of grassroots organizing for racial, social, and economic justice in the Philadelphia region, is receiving a $15,000 Community Champion Award from Reinvestment Fund in recognition of its work supporting grassroots organizing for change, and to fuel that work in the future.

 
 
News January 15, 2020

Reinvestment Fund CEO Appointed as Chair of the Federal Reserve Board’s Community Advisory Council

The Federal Reserve Board recently announced Reinvestment Fund CEO, Don Hinkle-Brown, to serve as Chair of its Community Advisory Council (CAC). Mr. Hinkle-Brown previously served a term as Vice Chair beginning in 2018. The CAC is composed of a diverse group of experts and representatives of consumer, workforce, and community development organizations and interests, including from such fields as affordable housing, economic development, labor, small business, and asset and wealth building. CAC members provide information, advice, and recommendations to the Board on relevant policy matters and emerging issues of interest.

 
 
News December 20, 2019

FY 2020 Spending Package Boosts Farm Bill’s Healthy Food Financing

This week, the House and Senate cleared the fiscal year 2020 spending bills. The legislative packages include increased investment in the United States Department of Agriculture’s Healthy Food Financing Initiative (HFFI). HFFI is administered by Reinvestment Fund on behalf of USDA Rural Development to improve access to healthy food in underserved areas.  The bills now await the President’s signature. Read our full statement.

 
 
News September 25, 2019

Reinvestment Fund Announces New Initiatives Honoring Jeremy Nowak

Reinvestment Fund announced three initiatives in memory of its founding Executive Director, Jeremy Nowak. Jeremy led Reinvestment Fund for 26 years, establishing a powerful vision for strong, equitable communities. The initiatives honor key aspects of Jeremy’s life work.

 
 
News September 24, 2019

New Food Justice Initiative Launched in Philadelphia

The Philadelphia Department of Public Health has announced the launch of the Philadelphia Food Justice Initiative, an exciting new program in partnership with the Reinvestment Fund to support community-driven projects to advance food justice. As part of the launch, the initiative announced the selection of six projects for a total of $180,000 in funding support.

 
 
News September 7, 2019

Reinvestment News Fall 2019

 
 
News August 27, 2019

Reinvestment Fund Awards $1.8 Million to Improve Healthy Food Access in Underserved Communities

Reinvestment Fund today announced $1.8 million in financial and technical assistance awards to 23 projects through the Healthy Food Financing Initiative (HFFI) inaugural grants program. Funding for the HFFI grants program is provided by the United States Department of Agriculture (USDA), authorized by the 2014 Farm Bill. Ten projects received a total of $1.4 million in financial assistance and another 13 projects received a total of $400,000 in technical assistance awards.

 
 
News August 9, 2019

Reinvestment News Summer 2019

Reinvestment Fund today announced $1.8 million in financial and technical assistance awards to 23 projects through the Healthy Food Financing Initiative (HFFI) inaugural grants program. Funding for the HFFI grants program is provided by the United States Department of Agriculture (USDA), authorized by the 2014 Farm Bill. Ten projects received a total of $1.4 million in financial assistance and another 13 projects received a total of $400,000 in technical assistance awards.

 
 
News June 24, 2019

Jeff Hebert joins Reinvestment Fund’s Policy Advisory Board

Reinvestment Fund announced the appointment of Jeff Hebert, Partner at HR&A Advisors to its Policy Advisory Board. The Policy Advisory Board provides strategic direction to Reinvestment Fund’s policy research and analytical efforts. It also reviews Reinvestment Fund’s research methods and products.

 
 
News May 3, 2019

Reinvestment News Spring 2019

Reinvestment Fund announced the appointment of Jeff Hebert, Partner at HR&A Advisors to its Policy Advisory Board. The Policy Advisory Board provides strategic direction to Reinvestment Fund’s policy research and analytical efforts. It also reviews Reinvestment Fund’s research methods and products.

 
 
News May 1, 2019

Reinvestment Fund Names Yonina Gray as Director of External Relations

Reinvestment Fund announced Yonina Gray as its new Director of External Relations, responsible for driving national business development objectives to establish new market presence and relationships that pave the way for organizational growth.

 
 
News April 1, 2019

Reinvestment Fund Providing New Resources to Improve Child Nutrition in New Jersey

Reinvestment Fund is offering a new capital and planning resource that aims to increase access to healthy, nutritious meals for children from vulnerable populations. The New Jersey Child Nutrition Fund (NJCNF) offers capital and technical assistance to providers who participate or wish to participate in federal meal programs, Child and Adult Care Food Program (CACFP) and the Summer Food Service Program (SFSP). NJCNF is funded by the Robert Wood Johnson Foundation.

 
 
News February 12, 2019

Reinvestment Fund Names Three New Members to its Board of Directors

Reinvestment Fund is pleased to welcome Marland Buckner, Mike Davis and Vicki Lundy Wilbon to its Board of Directors. The new Board members bring varied professional experience from public affairs to education to real estate development, and an expansive understanding of communities and regions in the Southeastern United States.

 
 
News February 12, 2019

Reinvestment News Winter 2019

Reinvestment Fund is a national mission-driven financial institution that creates opportunity for underserved people and places through partnerships. In 2018, we marshaled the capital, analytics, and expertise necessary to build strong, healthy, and more equitable communities. Among the highlights: We invested $217.9 million, including $43 million in our hometown of Philadelphia and $33 million in the City of Baltimore.

 
 
News January 22, 2019

Atlanta Community Foundation GoATL Fund Invests $1 Million in Reinvestment Fund

GoATL Fund (GoATL), an impact investment fund launched by the Community Foundation for Greater Atlanta, recently closed a new $1 million investment to Reinvestment Fund to support a diverse portfolio of impactful investments throughout metro Atlanta. Focused primarily on low-income neighborhoods with historically deprived levels of investment, GoATL’s investment will provide Reinvestment Fund with locally-sourced, flexible capital that will support initiatives in education, food access, the arts and affordable housing.

 
 
News January 9, 2019

Reinvestment Fund Welcomes New Chief Human Resources Officer

Reinvestment Fund announced Tracy Murray Moore as its new Chief Human Resources Officer. As CHRO, she is responsible for developing and executing the human resource strategy in support of Reinvestment Fund’s overall business plan and strategic direction, specifically in the areas of succession planning, talent management, change management, organizational and performance management, training, development, and compensation.

 
 
News December 13, 2018

Congress Passes Farm Bill with Broad Bipartisan Support

With wide bipartisan support, Congress passed The Agriculture Improvement Act of 2018 (also known as the Farm Bill), which reauthorizes and expands the national Healthy Food Financing Initiative (HFFI) at the United States Department of Agriculture. In addition to providing healthy food for families, the bipartisan bill supports farmers and agricultural economy, invests in small towns and rural communities and supports local food economies.

 
 
News November 5, 2018

Reinvestment News Fall 2018

At Reinvestment Fund, the essence of our work is to build social cohesion and restore community fabric. This past week, 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 is more important now than ever before.

 
 
News October 26, 2018

Reinvestment Fund CEO Appointed as Vice Chair of the Federal Reserve Board’s Community Advisory Council

The Federal Reserve Board announced that Reinvestment Fund CEO, Don Hinkle-Brown, will serve as Vice Chair of its Community Advisory Council (CAC), beginning in 2019. Mr. Hinkle-Brown began his three-year term on the CAC in 2018.

 
 
News October 3, 2018

Reinvestment Fund Issues $76 Million in Impact Investment Bonds

Reinvestment Fund, an S&P rated Community Development Financial Institution (CDFI), today announced the close of $75.7 million in general obligation bonds. Reinvestment Fund was one of the first CDFIs to access the capital markets in 2017 and this marks their second issuance.

 
 
News October 2, 2018

Reinvestment Fund Welcomes New Chief Compliance & Risk Officer

Reinvestment Fund announced Cheila Fernandez as its new Chief Compliance & Risk Officer. This new position will lead the growing organization’s internal risk management and compliance.

 
 
News September 11, 2018

Dudley Benoit joins Reinvestment Fund’s Board of Directors

Reinvestment Fund is pleased to welcome Dudley Benoit to its Board of Directors. Mr. Benoit, a long-time leader in the community development finance field, serves as Executive Vice President of Alliant Capital, Ltd., a top tax credit syndicator for the financing and development of affordable housing. Mr. Benoit has over 20 years of experience in the community development and real estate finance fields.

 
 
News August 13, 2018

Reinvestment News Summer 2018

Remembering and Honoring Jeremy Nowak and other news

Jeremy Nowak was a visionary leader, who worked tirelessly for equity in low-income communities. As we grieve the loss of our founder, we share with you a glimpse into his brilliance and what made him one-of-a-kind.

 
 
News July 31, 2018

In Memoriam: Jeremy Nowak

We at Reinvestment Fund are grieving the loss of our founder, Jeremy Nowak. Jeremy was a powerful, insightful and tireless voice for our nation’s underserved people and places. The world is diminished by his passing.

 
 
News May 14, 2018

Reinvestment Fund and The Philadelphia Foundation Launch PhilaImpact Fund

Reinvestment Fund and The Philadelphia Foundation announced the launch of PhilaImpactFund, a new place-based impact investment opportunity targeted to the Greater Philadelphia region. The Fund is believed to be a first-of-its-kind collaboration between a community foundation, The Philadelphia Foundation, and an asset manager that also originates community development loans, Reinvestment Fund. Each organization has committed $5 million toward PhilaImpact Fund’s $30 million goal.

 
 
News May 10, 2018

Reinvestment Fund’s Patricia Smith to Become CEO of The Funders’ Network

Reinvestment Fund’s Senior Policy Advisor, Patricia Smith, has been named President and CEO of The Funders’ Network for Smart Growth and Livable Communities, a robust network of more than 170 philanthropic foundations across the U.S. and Canada.