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News

Archive: 2014


Federal Housing Finance Agency Reinstates Funding for Capital Magnet Fund
Posted December 12, 2014

The Federal Housing Finance Agency (FHFA) today directed Fannie Mae and Freddie Mac to begin allocating dollars to the Capital Magnet Fund, reversing its temporary suspension on funding for the program. The decision comes after a dedicated and prolonged effort by some of the nation’s leading Community Development Financial Institutions (CDFIs)—Capital Impact Partners, IFF, The Low Income Investment Fund and The Reinvestment Fund—which have advocated that policymakers support funding for the Capital Magnet Fund.

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TRF to Finance Pay For Success Project in Cuyahoga County
Posted December 10, 2014

The Reinvestment Fund announced today that it will provide financing for the nation’s first county-level Pay for Success (PFS) program which brings together the County of Cuyahoga, Ohio and FrontLine Service, a comprehensive continuum of care service provider for homeless persons in Ohio. The Partnering for Family Success Program (Program) is only the sixth PFS project in the country and the first to target child welfare as it relates to homelessness. The Program seeks to improve the lives of children and families by reducing the time children of homeless parents spend in foster care and accelerate the process of reconnecting the children with caregivers in stable, affordable housing.

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Reinvestment News Fall 2014
Posted November 10, 2014
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The Reinvestment Fund Selected for the ImpactAssets 50
Posted October 21, 2014

The Reinvestment Fund has been selected for the ImpactAssets 50 2014 (IA 50), a free, online resource for impact investors and their advisors. The IA 50, now in its fourth year, is the first publicly available database of private debt and equity impact investment fund managers.

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Access to Affordable, Healthy Food Returns to Camden
Posted October 15, 2014

Camden residents today celebrated the opening of a new Price Rite supermarket in their community, a project that brings back to life a once dark supermarket that anchors a local retail center. The Price Rite received financing through the New Jersey Food Access Initiative (NJFAI), a financing program created by The Reinvestment Fund to help improve access to healthy foods in underserved communities across the state.  NJFAI’s other investors include Living Cities, the New Jersey Economic Development Authority, and the Robert Wood Johnson Foundation (RWJF).

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Community Reinvestment Fund, USA, Issues $200 Million in Federally Guaranteed Bonds
Posted October 14, 2014

On behalf of four of the nation’s leading community development financial institutions (CDFI), Community Reinvestment Fund, USA, has issued a $200 million bond in the second round of the U.S. Treasury Department’s CDFI Bond Guarantee Program. The four CDFIs—Capital Impact Partners, IFF, Low Income Investment Fund and The Reinvestment Fund—will use bond proceeds to finance projects that will create jobs and increase access to critical services in underserved communities across the nation.

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New Awards to Expand High-Quality Options for Early Childhood Education
Posted September 4, 2014

Representatives from The Reinvestment Fund (TRF), Public Health Management Corporation (PHMC) and the William Penn Foundation gathered today at PHMC’s headquarters at 1500 Market Street to officially announce recipients of The Fund for Quality (FFQ) awards. FFQ provides capital and planning services for the expansion of high-quality early childhood education (ECE) facilities in Philadelphia as part of a $7.6 million, three-year, local initiative.

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TRF Announces New Chief of Strategic Initiatives
Posted August 7, 2014

The Reinvestment Fund announced Amanda High as its new Chief of Strategic Initiatives (CSI). This new position at The Reinvestment Fund manages the interconnection of strategic resource development, communications and program innovation. The Reinvestment Fund is a national leader in rebuilding America’s distressed towns and cities and does this work through the innovative use of capital and information.

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New Supermarket Opens in Howard Park
Posted July 31, 2014

Community residents and local leaders gathered today to celebrate the opening of the ShopRite of Howard Park, a 67,000 square-foot full-service new supermarket. With the store’s opening, the neighborhood marks the end of more than a decade without easy access to a supermarket for local residents. The neighborhood is identified as having inadequate access to healthy food by the U.S. Department of Agriculture and The Reinvestment Fund.

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