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News January 13, 2021

Reinvestment Fund Earns Spot on Top 150 Impact Companies List of 2021

Reinvestment Fund is among the 150 newly selected winners of Real Leaders 2021 “Top Impact Companies” from around the world. The Impact Awards is a global ranking of companies whose products or services address social or environmental challenges.

 
 
News January 8, 2021

The People’s House

Our nation witnessed terror as a mob stormed the U.S. Capitol to disrupt the validation of the 2020 presidential election on January 6th. Our beautiful Capitol building and the democratic process did not instill awe or respect as it should. Instead we saw the crowd bring vandalism, Confederate flags, weapons and violence. The act was shameful and unpatriotic.

 
 
News December 15, 2020

Reinvestment Fund Launches Building Healthier, More Equitable Communities Initiative in New Jersey

 
 
News December 15, 2020

Reinvestment Fund Receives Catalytic Gift from Mackenzie Scott

Reinvestment Fund announced that it has received a major gift from philanthropist Mackenzie Scott. Reinvestment Fund is among 384 organizations who received a total of $4.2 billion today as part of Ms. Scott’s giving to organizations working to alleviate suffering for those hardest hit by the pandemic.

 
 
News December 9, 2020

Reinvestment Fund Awards $3 Million to Improve Healthy Food Access in Underserved Communities

Reinvestment Fund today announced $3 million in financial assistance awards to 20 projects through the 2020 round of America’s Healthy Food Financing Initiative’s (HFFI) Targeted Small Grants Program.

 
 
News September 24, 2020

Reinvestment News Fall 2020: Justice, Kauffman Knowledge Challenge and more

 
 
News September 21, 2020

Reinvestment Fund Announces Inaugural Nowak Fellow

 
 
News September 21, 2020

Honoring Justice Ruth Bader Ginsberg

We at Reinvestment Fund mourn the death of the indomitable Justice of the Supreme Court, Ruth Bader Ginsburg, who made it her life’s work to dismantle and eradicate the practice of systematic discrimination against women, Black and brown people, and LGBTQ people.

 
 
News September 21, 2020

Reinvestment Fund Announces Inaugural Nowak Fellow

“Jeremy had a deep appreciation for combining the richness and rigor of academia with an orientation of tangible accomplishment,” shared Don Hinkle-Brown, President and CEO of Reinvestment Fund. “With this fellowship in his memory, we are delighted to be able to give a student the opportunity to gain some real-life experience in their chosen field as part of their professional growth.”

 
 
News September 18, 2020

Reinvestment Fund Provides Expert Witness Affidavit in Philadelphia Case on Evictions

 
 
News September 10, 2020

Learning to Change: Reflections of the CDFI Racial Equity Collaborative on Education

 
 
News July 29, 2020

Fund for Emergency Meal Providers Announces Over $700,000 in Awards To Help Children & Families Struggling in the Pandemic

Reinvestment Fund today announced $700,425 in emergency meal grant awards under the New Jersey Child Nutrition Fund (NJCNF) program to 41 organizations that are helping to make sure children and families get healthy food to eat at a time when the COVID-19 pandemic has disrupted normal channels.

 
 
News July 23, 2020

Reinvestment News Summer 2020: New NMTC Award, Supporting HBCUs, and More

 
 
News July 9, 2020

New Survey Seeks Input from Families on Reopening Childcare

Reinvestment Fund, the City of Philadelphia’s Office of Children and Families, Public Health Management Corporation (PHMC), and United Way are conducting a city-wide survey to understand childcare needs as people head back to work and school. Parents and guardians can participate on the online survey anonymously to share their needs and concerns around care for children ages 0 to 5 in their household.

 
 
News June 3, 2020

Committed to Action: Our Response to Racial Injustice

Everything now, we must assume, is in our hands; we have no right to assume otherwise.

 
 
News May 20, 2020

Healthy Food Financing Initiative Announces $3 Million Available in Funding

Reinvestment Fund is inviting applications for financial and technical assistance through the 2020 round of the Healthy Food Financing Initiative (HFFI) Targeted Small Grants Program.

 
 
News May 19, 2020

HFFI Funding Round Opens and more

Reinvestment Fund is inviting applications for the 2020 round of the Healthy Food Financing Initiative (HFFI) Targeted Small Grants program. The 2020 HFFI round significantly increases the available funding compared to the previous round, making $3 million in grant funds available for food retail and food enterprises working to improve access to healthy food in underserved areas, to create and preserve quality jobs, and to revitalize low-income communities.

 
 
News May 7, 2020

Supporting Child Care, Small Businesses and more

Reinvestment Fund has begun awarding grants to childcare providers, early intervention and home visiting service organizations under the Philadelphia Emergency Fund for Stabilization of Early Education (PEFSEE) program. PEFSEE is a collaboration of the William Penn Foundation, Vanguard’s Strong Start for Kids Program™ and Reinvestment Fund to support Philadelphia childcare providers who are struggling to sustain their businesses and early learning support for families through closures caused by the COVID-19 pandemic.

 
 
News April 27, 2020

Emergency Fund for Childcare Providers Announces $1.2 Million in Awards in First Round

Reinvestment Fund announced $1.2 million in grant awards to 89 childcare providers, early intervention and home visiting service organizations under the Philadelphia Emergency Fund for Stabilization of Early Education (PEFSEE) program. PEFSEE is a collaboration of the William Penn Foundation, Vanguard’s Strong Start for Kids Program™ and Reinvestment Fund to support Philadelphia childcare providers who are struggling to sustain their businesses and early learning support for families through closures caused by the COVID-19 pandemic.

 
 
News April 22, 2020

New Analysis Highlights Need for Food Investment in Rural America

Reinvestment Fund today released a new analysis that identifies Rural Food Access Investment Areas (Investment Areas). These Investment Areas are places in rural America that do not have easy access to healthy food retail but have the market demand to support investments in new and existing place-based solutions. Reinvestment Fund has identified 1,472 Investment Areas that are home to 11.7 million people in the rural U.S.

 
 
News April 20, 2020

How you can help in the COVID-19 crisis

Reinvestment Fund today released a new analysis that identifies Rural Food Access Investment Areas (Investment Areas). These Investment Areas are places in rural America that do not have easy access to healthy food retail but have the market demand to support investments in new and existing place-based solutions. Reinvestment Fund has identified 1,472 Investment Areas that are home to 11.7 million people in the rural U.S.

 
 
News April 13, 2020

Philadelphia Food Justice Initiative Announces New Grant Awards

 
 
News April 9, 2020

Our Response to COVID-19 (Update)

Given the significant measures in the U.S. at this time to lessen the spread and impact of COVID-19, Reinvestment Fund has activated its remote work policy for all employees.

During this time, all services are available and employees are accessible through their direct lines or via email during business hours of 9 am to 5 pm EST.

 
 
News April 7, 2020

Statement on Proposed Community Reinvestment Act Rulemaking

Early in 2020, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) published their proposal for comprehensive amendments to the rules implementing the Community Reinvestment Act (CRA). The following statement is Reinvestment Fund’s response to the proposed changes and was submitted to the OCC as part of our comments.

 
 
News April 2, 2020

Supporting Communities Impacted by COVID-19

Our communities are feeling the financial impact of COVID-19 and at Reinvestment Fund, our goal is to help alleviate some of the immediate financial pressures and ultimately to preserve local assets.

 
 
News March 30, 2020

Emergency Fund for Philadelphia Childcare Providers Impacted by COVID-19 Launches

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

 
 
News March 16, 2020

Our Response to COVID-19 (Update)

Given the significant measures in the U.S. at this time to lessen the spread and impact of COVID-19, Reinvestment Fund has activated its remote work policy for all employees.

 
 
News March 12, 2020

Our Response to COVID-19

An update on the steps we are taking to ensure the wellbeing of our staff and minimize business disruption

We are carefully monitoring the evolving Coronavirus (COVID-19) situation and are taking steps to ensure the wellbeing of our staff, partners and the communities we serve. As we continue to plan on minimizing business disruption, we’d like to share with you some updates and steps we are taking to manage the potential impact.

 
 
News February 5, 2020

Atlanta’s Leading Social Impact Fund Invests $1.5 Million in Reinvestment Fund

GoATL Fund (GoATL), an impact investment fund launched by the Community Foundation for Greater Atlanta, announced $1.5 million in two investments to Reinvestment Fund. The first investment, $1 million, will expand Reinvestment Fund existing GoATL investment supporting a diverse portfolio of impactful projects throughout metro Atlanta. The second investment of $500,000 will target support to early childhood education (ECE) projects across the region.

 
 
News February 3, 2020

Reinvestment News Winter 2020: Advancing economic, social and health equity

We are grateful for another impactful year—your support and investment in Reinvestment Fund helped us originate $158.5 million in 2019 to finance homes that families can afford, schools where students can succeed, stores to get nutritious food, and strong businesses.

 
 
News January 29, 2020

CEOs of Four National CDFI Loan Funds Comment on CRA Rulemaking

We are deeply concerned by Comptroller Joseph Otting’s proposed changes to the Community Reinvestment Act (CRA), the subject of today’s hearing by the House Financial Services Committee. The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) have set forth a proposal that must be reevaluated to preserve the fundamental purpose of CRA – to address inequalities in bank lending and to drive investments toward impactful community development activities.

 
 
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 23, 2019

Reinvestment Fund Financing to Support First Step Staffing’s Growth

Reinvestment Fund recently closed on a loan to First Step Staffing, Inc., the nation’s largest nonprofit social enterprise staffing company. The $3 million loan is led by Reinvestment Fund, with participations from Atlanta Emerging Markets, Inc. (AEMI) and Access to Capital for Entrepreneurs (ACE).

 
 
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.