Also by Reinvestment Fund

Reinvestment News Summer 2016

Mount Holly residents come home

This July, longtime community members were able to move into their new homes in Mount Holly, NJ. TRF Development Partners helped craft a resolution to a conflict between the township and residents who were displaced by the demolition of 300 homes in favor of new construction, market rate housing. Central to our development plan for the Parker Green subdivision is the integration of new families with existing residents in a mixed-income community.

The community had previously filed a lawsuit that made its way to the Supreme Court docket in 2014; but the Parker Green plan and the resulting settlement agreement led to the withdrawal of the lawsuit. Construction is underway on additional units of affordable housing, which will be complete in late 2016.

Photo used with permission of Philadelphia Inquirer Copyright© 2016. All rights reserved.

REINVENTING OUR COMMUNITIES: TRANSFORMING OUR ECONOMIES

Reinvestment Fund is a supporter of the Federal Reserve Bank of Philadelphia’s upcoming conference, September 21-23, 2016.  The conference will highlight strategies to create places of opportunity, develop the local workforce for a global marketplace, and provide wealth and opportunity inclusively to all segments of the population. Register today.

Analyzing rural housing needs at USDA

PolicyMap recently launched a partnership with the USDA’s Rural Housing Service to help the department answer its most pressing policy questions. Through PolicyMap, it now has all of its data in one place, accessible through a robust and user-friendly tool. PolicyMap makes the data accessible at USDA headquarters and field offices throughout all 50 states and the territories. The agency will be able to instantly generate internal reports on any area, and PolicyMap will allow it to streamline tracking and program evaluation.

USDA’s rural housing investment data is also being released to the public as part of a department-wide effort to become more transparent in order to facilitate more effective collaboration with USDA’s stakeholders, partners, and lawmakers to address rural community needs nationwide.


Inspiration, equity and the path ahead

From Portland, ME, to Riverside, CA, from Flint, MI, to Gulfport, MS, cross-sector teams from 50 cities gathered in Philadelphia in early June to launch the Invest Health learning community at our inaugural convening. Dr. Risa Lavizzo-Mourey, President and CEO of the Robert Wood Johnson Foundation, charged the group with an ambitious goal: “Creating a new, highly-networked approach to community investment. One that recognizes that health is the bedrock of personal fulfillment, and the backbone of prosperity, and also recognizes that mid-sized cities can lead the way.”

Teams brought a great depth of experience and knowledge and diversity of perspectives. They laid the foundation for their work during the next 18 months to improve opportunities for low income communities through food access, public safety, housing, employment, and more.

Among the week’s speakers, Glenn Harris of the Center for Social Inclusion addressed the group on the effects of bias in social systems and the built environment, how to recognize and confront inequality, and how to build equity through their work at home.You can watch his full talk online:

STAFF WELCOME

In June, Reinvestment Fund and Atlanta Neighborhood Development Partnership (ANDP) announced Yonina Gray as a new Director of Business Development. We are also pleased to welcome Philip DiFabio who joined Reinvestment Fund as Managing Director for Lending and Investment Operations.

Strong starts and smart growth
Mayor Jim Kenney at announcement

Reinvestment Fund has invested more than $360 million in K-12 schools that enroll more than 48,000 students from low-income communities. Improving educational opportunities is core to our mission, and our loans support charter, contract and community schools.

Reinvestment Fund financing is helping Keystone Academy Charter School, a high-performing K-8 school in the Tacony section of Philadelphia whose program uses a concentrated science and mathematics curriculum, including the use of integrated technology. In Washington, D.C., we supported two early stage public charter schoolsthat will share facilities at the former St. Paul’s College, which also has space reserved for workforce affordable housing for teachers. And in Newark, NJ, with the help of New Markets Tax Credits, Reinvestment Fund is helping Great Oaks Charter School, a member of the AmeriCorps National Service Network, acquire and renovate its urban campus.

Thanks to grant funds from the U.S. Department of Education Credit Enhancement for Charter School Facilities Program, Reinvestment Fund is able to provide more flexible loan terms to some of our schools.


Remembering Lee Casper


It is with heavy hearts that we note the passing of our colleague and friend, Lee Casper. Lee spent his career investing and working in affordable housing. As a member of Reinvestment Fund’s Board and Loan Committee and the Board of TRF Development Partners, he worked to revitalize neighborhoods throughout our region, and we will miss him tremendously.