Reinvestment Fund Summer Newsletter 2026
Built Through Partnership: 25 Years in Baltimore
This year, Reinvestment Fund celebrates 25 years of partnership in Baltimore, proof that strong communities are built through collaboration, local leadership, and long-term commitment. In the past decade alone, we have invested more than $260 million in the city, helping preserve and create more than 1,400 homes, support over 6,000 students, and reach more than 116,000 people. Baltimore’s leaders shape the work, and our team works alongside them, pairing deep roots with national capital, data, and expertise.
Our partnerships take many forms. We financed the return of long-vacant sites like the historic Hoen Lithograph building, now a hub for workforce training and community services, alongside Cross Street Partners. We are supporting locally led work in Sandtown-Winchester and Harlem Park that connects education, health, and family engagement, with Elev8 Baltimore. And we paired national capital with deep local relationships to make ambitious, multi-layered projects possible with the Neighborhood Impact Investment Fund.
“Baltimore is home for me, and the best part of this work is showing up alongside leaders who have been preserving and restoring our neighborhoods long before we arrived,” said Chris Warman, Reinvestment Fund’s Baltimore Market Director. “Our job is to listen, bring the right resources at the right time, and stay for the long haul.”
Twenty-five years in Baltimore is not so much a milestone as a foundation. Explore the stories, impact, and partnerships behind it at baltimore.reinvestment.com.
Showing Up for Atlanta’s Housing
In Atlanta, a decade of growth has led to quickly changing neighborhoods near the BeltLine and West Midtown. Local housing developers set out to ensure the supply of quality homes matched the need, and Reinvestment Fund showed up alongside them.
Reynoldstown sits along the BeltLine, where Stryant Construction & Management converted a stalled condominium site into 42 units of permanent supportive housing. Getting there took a deep local bench: the City of Atlanta, Atlanta Housing, Partners for HOME, and lead lender Atlanta Neighborhood Development Partnership (ANDP), with Reinvestment Fund joining in financing construction. For the residents moving in, the building is a chance to start again.
“When you have been without a place of your own for years, a door that locks and a place that is yours is not a small thing,” says Stryant co-founder Stan Sugarman. “It is the foundation for everything else.”
A few miles away in West Midtown, developer Atlantica Properties acquired 12th & James, a 214-unit community whose affordability protections had expired — restoring them and reserving 43 homes as permanent supportive housing. Reinvestment Fund provided flexible equity capital in partnership with the Community Foundation for Greater Atlanta and ANDP.
“Debt is more transactional,” says co-founder Darion Dunn. “Equity is relationship-based. When your partners understand both the business and the mission, it changes what’s possible.”
In 2025, Reinvestment Fund supported the construction, rehabilitation, or preservation of 422 homes across Georgia, from new affordable homes in Southeast Atlanta to preservation and supportive housing in some of the city’s fastest-changing neighborhoods.
News & Resources
- Reinvestment Fund has selected Frank Fernandez as our next President & CEO. Fernandez joins in September 2026 from the Community Foundation for Greater Atlanta, where he oversaw more than $235 million in annual grant-making and impact investments. He succeeds Don Hinkle-Brown, who led Reinvestment Fund for nearly 15 years as President & CEO.
- Welcome to new staff Alison Holt-Fuller and returning leader Patricia L. Smith.
- In Morganton, North Carolina, The Industrial Commons is reviving a 30-acre former furniture and textile site as an employee-owned manufacturing hub, backed by a $7.5 million New Markets Tax Credit allocation from Reinvestment Fund.
- HBCUs are economic engines that produce leaders, entrepreneurs, educators, and STEM professionals nationwide. Through the HBCU Brilliance Initiative, Reinvestment Fund structures capital to expand workforce pipelines and strengthen the local economies HBCUs anchor.
- The Philadelphia Inquirer turned to Emily Dowdall, President of Policy Solutions at Reinvestment Fund, for analysis of sharply rising incomes across South Philadelphia, drawing on the team’s research into where long-term residents face the greatest displacement pressure as neighborhoods change.
- Applications are open for America’s Healthy Food Financing Initiative food access financing: FARE Fund loans for SNAP-authorized retailers and the distributors that supply them, and Partnerships Program grants for public-private partnerships financing food access projects across the country.
- Reinvestment Fund gathered in Rockville, Maryland for a joyful celebration of the first cohort of the Montgomery County ECE Facility Loan Program with 19 childcare providers, chosen from more than 100 applicants, awarded $2.268 million to grow quality care where families need it most. The program is expected to bring 178 new licensed infant and toddler seats, with flexible, forgivable financing and zero-interest loans available in both English and Spanish.
- In partnership with PlanRVA, Reinvestment Fund’s Policy Solutions team released a new Market Value Analysis for the nine-jurisdiction Greater Richmond region — a field-validated tool to help local leaders guide where to preserve affordability, direct investment, and manage neighborhood change.
- Reinvestment Fund celebrates the legacy of Ira Goldstein, who departed at the end of June after 27 years — 25 of them helming Policy Solutions. Ira leaves behind a research team built on academic rigor and advocacy-world urgency, and a body of work that shaped housing and fair lending policy nationwide.
- A new report, Building a Thriving Future Together: Modern Intermediaries in This Moment, makes a clear case: as communities face mounting pressures and funders work with limited resources, both direct investment and strong intermediary infrastructure are needed. Intermediaries help funders and coalitions spot patterns, align strategies, and learn from one another across regions, stretching resources further and building lasting impact.
- America’s Healthy Food Financing Initiative completed the 2024–25 funding cycle, awarding $16.5 million to 62 food retail and supply chain projects across 39 states — from cooperative grocery markets to food hubs serving Tribal communities.
We Are Moving
Reinvestment Fund’s headquarters is moving. Beginning September 1, 2026, you’ll find us at:
One Commerce Square
2005 Market Street, Suite 3000
Philadelphia, PA 19103
Our phone numbers, email addresses, and main contacts stay the same. Learn more about our locations at Contact Us.
Work With Us
- Please visit our Careers at Reinvestment Fund page for the most up-to-date listing of open positions.