Continuing its commitment to improve early childhood in the District of Columbia, the Bainum Family Foundation today announced a $4.5 million partnership with national expert Reinvestment Fund to help expand the supply of high-quality early learning seats for infants and toddlers in Wards 7 and 8. The Foundation’s strategic plan calls for adding 750 high-quality early learning seats in these two wards by 2020. Efforts to meet this goal include creating new seats through facility construction and expansion, as well as improving the quality of facilities with existing seats.Read More
Honor Capital, a veteran-owned small business, will double its size by the end of 2017 thanks to an innovative multi-million-dollar financing package provided by a partnership of three Community Development Financial Institutions (CDFIs), Reinvestment Fund, Enterprise Community Partners (Enterprise) and IFF.
By the end of the year Honor Capital will operate 10 grocery stores under the Save-A-Lot banner, each located in a “food desert,” an area that lacks access to fresh, affordable foods. Together these stores, located in both urban and rural areas, will provide much-needed food options for nearly 40,000 low-income households annually and create more than 270 permanent jobs.Read More
The events in Charlottesville have left us outraged and deeply distraught – and also motivated to build on our successes and those of our peers and partners. We join our fellow citizens to denounce hate, bigotry, and violence. We affirm our commitment to building wealth and opportunity in communities of need everywhere. We are guided by our friends with their own boots on the ground. And we are optimistic that, together, we can accelerate the advancement of equity.Read More
Reinvestment Fund was named the Asset Manager of the Year by the Global Social Impact Investment Steering Group (GSG), an independent umbrella organization for nations working to catalyze impact investment and entrepreneurship to benefit people and the planet.
In honoring Reinvestment Fund, GSG recognized our successful $50 million bond offering, which reached traditional capital markets for low-income community development.
Reinvestment Fund participated in financing for the construction of a new CrescentCare health care facility in New Orleans, bringing much-needed primary care and prevention services to a community still rebuilding after Hurricane Katrina. The new 64,000-square-foot facility will enable CrescentCare, a community health center that provides a spectrum of care to expand access to primary care services while enhancing care for current patients. Construction will begin later this summer, resulting in the consolidation of four existing leased facilities into one comprehensive campus. The project will create or preserve over 450 part- and full-time jobs.Read More
Reinvestment Fund was named the Impact Asset Manager of the Year by Global Social Impact Investment Steering Group (GSG). The award recognizes valuable organizations within the emerging industry of impact investing and the contributions they have made over the past twelve months. In honoring Reinvestment Fund, GSG recognized its successful $50 million bond offering, which reached traditional capital markets for low-income community development.Read More
Reinvestment Fund announced the creation of a $10 million Pay for Success (PFS) Fund to support PFS transactions in the United States. QBE Insurance Group, one of the world’s top 20 general insurance and reinsurance companies, plans to invest $7 million in the fund. Living Cities, a collective of the world’s largest foundations and financial institutions, plans to invest $2 million. Reinvestment Fund will invest $1 million from its core loan fund, which is supported by more than 850 impact investors. Reinvestment Fund will also manage and administer the fund.Read More
Reinvestment Fund is honored to have been selected by USDA as the National Fund Manager for the agency’s Healthy Food Financing Initiative (HFFI), and we are eager to lead this national effort to invest in healthy food access, an economic engine in communities that helps create much-needed jobs and spur small business growth. As the National Fund Manager, Reinvestment Fund is committed to building a more equitable food system that supports the health and economic vibrancy of all Americans, especially those that have not benefited significantly from HFFI investment to date—including rural communities, food systems entrepreneurs, and women- and minority-owned businesses.
Reinvestment Fund applauds the nomination of Pamela Patenaude to be Deputy Secretary of Housing and Urban Development. Ms. Patenaude is the President of the J. Ronald Terwilliger Foundation for Housing America’s Families, a national nonprofit education and research organization dedicated to illuminating the affordable housing crisis in America. She has served as a member of Reinvestment Fund’s Policy Advisory Board since 2014.Read More
Reinvestment Fund, an S&P AA rated Community Development Financial Institution (CDFI), today announced the pricing of $50 million in general obligation bonds. Reinvestment Fund is one of the first CDFIs to access the capital markets and their bonds were oversubscribed, confirming a significant demand among institutional investors for the unique impact investing opportunities their CDFI provides low-income communities across the country.
“The CDFI industry was founded on the faith, trust and patience of a unique class of American investor. These forerunners to impact investors accepted an unconventional and illiquid investment vehicle for many years in the pursuit of a socially responsible outcome for themselves and underinvested communities,” said Donald Hinkle-Brown, President and CEO, in making the announcement.Read More