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News

Archive: 2015


Reinvestment News Fall 2015
Posted November 5, 2015
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The Reinvestment Fund Selected for the ImpactAssets 50
Posted October 21, 2015

The Reinvestment Fund has been selected for the ImpactAssets 50 2015 (IA 50), a free, publically available online resource for impact investors and their advisors. The IA 50, now in its fifth year, is the first publically available database of private debt and equity impact investment fund managers.

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Community Comes Together to Celebrate Groundbreaking of City Arts 2 Apartments
Posted October 13, 2015

Ellington Churchill, Jr., Deputy Secretary of Maryland Department of Housing and Community Development and Baltimore Mayor Stephanie Rawlings-Blake were among those who attended the groundbreaking event for City Arts 2, a new $15.9 million residential development for artists. Located in the Greenmount West neighborhood of Baltimore’s Station North Arts & Entertainment District, the project continues and compliments the success of City Arts Apartments just two blocks away.

The second effort of a partnership of three nonprofit organizations, Homes for America, Jubilee Baltimore, and TRF Development Partners-Baltimore, this energy-efficient development is slated to bring 60 transit-oriented rental apartments to the neighborhood.

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Reinvestment Fund receives AA credit rating from S&P
Posted October 9, 2015

The Reinvestment Fund announced that it has received a AA issuer credit rating from Standard & Poor’s Rating Services (S&P). The Reinvestment Fund is the largest community development financial institution (CDFI) to receive an S&P rating, and one of only a handful to date. This rating is a powerful recognition of The Reinvestment Fund’s strong track record of meeting its financial commitments through the strategic investment of capital to revitalize struggling communities.

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New ShopRite Supermarket Opens in Newark’s University Heights Neighborhood
Posted September 30, 2015

Newark residents celebrated the opening of a new ShopRite supermarket in the University Heights neighborhood. The store’s opening is the beginning of the transformation of a block vacant since the 1967 Newark Riots, despite decades of efforts to revitalize the community. The ShopRite received financing through the New Jersey Food Access Initiative (NJFAI), a financing program by The Reinvestment Fund to help improve access to healthy foods in underserved communities across the state.

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The Reinvestment Fund Appoints First Creative Placemaking Fellow
Posted September 22, 2015

The Reinvestment Fund announced the appointment of Rebecca Chan as its Creative Placemaking Fellow. The new position supports The Reinvestment Fund’s arts and culture lending activities in Baltimore by creating and fostering linkages across the creative economy of the city.

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Kinder Academy Hosts Grand Opening for New Center
Posted September 3, 2015

Kinder Academy, an early childhood education provider that offers affordable, high-quality services, celebrated the opening of its fourth facility in Philadelphia. The new center on Elgin Avenue will serve 130 children and create 25 jobs. The facility is one of 14 early childhood education projects supported by the Fund for Quality, a William Penn Foundation initiative operated by The Reinvestment Fund and Public Health Management Corporation (PHMC), both deeply committed to increasing the supply of high-quality early learning services in Philadelphia.

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Artisan Exchange Hosts Congressman Costello
Posted August 27, 2015

Artisan Exchange in West Chester hosted Congressman Ryan Costello (PA-06). Artisan Exchange, a food manufacturing and distribution hub, brings together small business entrepreneurs committed to producing hand-crafted, sustainable food products. Congressman Costello is using the opportunity to witness in person the role that Community Development Financial Institutions (CDFI) play in successful project investments.

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TRF to Finance California’s First “Pay for Success” Project
Posted August 14, 2015

The Reinvestment Fund announced that it will provide financing for California’s first Pay for Success (PFS) program which brings together the County of Santa Clara, California and Abode Services, a national leader in innovative housing services for homeless persons. Project Welcome Home will provide community-based clinical services and permanent supportive housing to 150-200 chronically homeless individuals who are currently frequent users of the County’s emergency rooms, acute mental health facilities and jail.

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