Baltimore – This year marks the 10th year of The Reinvestment Fund’s (TRF) ongoing commitment to transforming Baltimore by bringing wealth and opportunity to low-wealth people and places. TRF’s growing presence and involvement in Baltimore is marked by over $108 million in investments, which includes $45 million in direct housing development in East Baltimore. To celebrate the occasion, TRF’s Board of Directors are spending April 26th in Baltimore, touring local TRF investments as well as meeting with local stakeholders and leaders.
TRF’s success in Baltimore is anchored in its partnerships which lead to sustainable change. “This milestone would not have happened without our devoted investors as well as our Baltimore partners who work tirelessly to improve the lives of Baltimoreans,” explained TRF CEO, Don Hinkle-Brown. “As TRF looks to the next 10 years, we hope to strengthen our relationship with the community and continue to work with them to build a better Baltimore.”
TRF’s capital for Baltimore revitalization comes from a mix of private, institutional and public investors. TRF is also the designated financial intermediary for the Baltimore Integration Partnership.
In 2003, TRF joined with Baltimoreans United in Leadership Development (BUILD) to create TRF Development Partners-Baltimore. TRF DP- Baltimore has since helped develop 150 affordable homes throughout East Baltimore through their City Arts, Preston Place, and East Side investments projects.
TRF’s expertise has also been used to guide policy as well as public and private investments. In 2005, the City of Baltimore commissioned TRF to perform a Market Value Analysis (MVA) in order to support the City’s Comprehensive Master Plan. TRF’s MVA has served as the basis for Baltimore’s Market Typology since then. TRF updated the MVA for Baltimore in 2008 and 2011.
In addition to its real estate development and policy analysis efforts, TRF has also provided financing to support projects across Baltimore. Among recent projects financed by TRF are the Henderson-Hopkins School in East Baltimore and a new ShopRite in the Howard Park neighborhood that will be the first in that area in over a decade.