Reinvestment Fund is among a handful of CDFIs with a notes program that supports the triple bottom line. Our investors earn a modest financial return while supporting socially and environmentally responsible development projects that benefit low-income communities. Promissory Notes start at $1,000 and can go up to $5 million.
Rates and terms
1.5% with a three to four year term
2.00% with a five to six year term
2.25% with a seven to nine year term
2.75% with a ten to fourteen year term
3.25% with a fifteen year term
Since 1985, our Promissory Notes program has maintained a 100% repayment rate – plus interest – to our community of investors, and has made over $2 billion in loans to community businesses. Our average investor tenure is 7 years.
We take great care to maintain reserves to protect investors’ money. Investments in our loan fund are not insured by the government, nor are they tax-deductible charitable gifts.
PhilaImpactFund is a place-based impact investment opportunity targeted to the Greater Philadelphia region. The Fund is a partnership between Reinvestment Fund and The Philadelphia Foundation. PhilaImpact Fund offers an opportunity for promissory note investors to channel their capital into neighborhood development projects that support regional growth and local initiatives in the communities that need them the most. The Fund will support projects serving critical needs for people across the region promoting housing stability for low-income families, better health outcomes, higher educational attainment, greater access to fresh, healthy food, and more.