News

Reinvestment Fund announced the appointment of Jeff Hebert, Partner at HR&A Advisors to its Policy Advisory Board.

Revitalizing a Community, Helping Kids Eat Better and More
A Transformation in East Baltimore
A. Hoen & Co. was once among the most important lithographers in the US—its iconic prints included early National Geographic maps. At its peak, its complex in East Baltimore employed over 250 people. When the business closed in 1981, it left a dominating vacancy in a neighborhood that has also struggled with vacant homes and unemployment. This year, with financing from Reinvestment Fund, the complex is finally being redeveloped, breathing new life and hope into the neighborhood.

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.

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.

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.

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.

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.

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.

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.

The Agriculture Improvement Act of 2018 is a multi-year bill that legislates policies and authorizes programs for food and nutrition aid, agriculture, trade, and marketing programs, rural development assistance, and other programs. The HFFI program is a key strategy within the Farm Bill’s multi-faceted approach to improve the food environment and advance community well-being. HFFI, along with other measures, will diversify the nation’s agricultural economy, invest in land and water conservation, create new opportunities in small towns and rural communities, and protect food access for families. In authorizing the new bill, Congress also affirmed the importance of supporting healthy food access for nearly 40 million low-income Americans, regardless of work status.

Reinvestment Fund is inviting applications for financial and technical assistance through the Healthy Food Financing Initiative’s (HFFI) inaugural grants program. Funding for the HFFI grants program is supported by the United States Department of Agriculture (USDA), authorized by the 2014 Farm Bill.  As the National Fund Manager, Reinvestment Fund will offer financial resources and expertise to eligible healthy food retail projects to expand access to healthy foods in underserved areas, to create and preserve quality jobs, and to revitalize low-income communities.