Across the country, nearly 40 million Americans live in rural and urban neighborhoods where easy access to affordable, high-quality, and healthy food is out of reach. A new bill, introduced by Representatives Marcia Fudge (D-OH) and Dwight Evans (D-PA), addresses this critical issue by bolstering an existing program that has demonstrated success in improving access to healthy foods and spurring economic revitalization in underserved communities. The “Healthy Food Financing Initiative Reauthorization Act” would reauthorize the Healthy Food Financing Initiative (HFFI) program at United States Department of Agriculture (USDA) Office of Rural Development, originally established at the agency in the Agricultural Act of 2014.Read More
Reinvestment Fund received a $70 million New Markets Tax Credit (NMTC) allocation award today as part of the 14th round of awards announced by the U.S. Department of the Treasury’s CDFI Fund. Reinvestment Fund will use its award to finance high-impact projects that drive economic opportunity in struggling communities across the nation. Reinvestment Fund is among 73 awardees who received a total of $3.5 billion in awards this round.Read More
Reinvestment Fund today announced two exemplary nonprofits as the winners of its annual Community Champion Award. The Common Market Georgia, based in East Point, Georgia and beGirl.World, based in Philadelphia, Pennsylvania received grant awards in support of their mission.
“We are delighted to honor these organizations that in many ways reflect our own values as an organization that is committed to creating opportunity for low-income communities,” said Amanda High, Reinvestment Fund’s Chief of Strategic Initiatives. “This unique award program is just in its second year but offers a small way for our staff to shine a light on outstanding local organizations that they deeply care about.”
The Community Champion Award is small grants program that recognizes nonprofit organizations that are aligned with Reinvestment Fund’s own mission. Awardees are selected by an appointed staff committee that makes its selection from a pool of organizations nominated by staff. The selection is approved by Reinvestment Fund’s Community Advisory Board.Read More
First Step Staffing is a nonprofit social enterprise based in Atlanta. Founded in 2007, First Step’s mission is to secure sustainable income for individuals transitioning out of homelessness, including veterans, re-entering citizens, and others with significant barriers to employment. With financing from several organizations, including Reinvestment Fund, First Step is expanding to Philadelphia.
As part of this effort, First Step has acquired a portion of the Philadelphia-based division of On Time Staffing—a for-profit staffing company founded 18 years ago specializing in warehouse, packaging, and manufacturing jobs—which will now become part of First Step’s nonprofit operations. First Step will collaborate with On Time Staffing, the City of Philadelphia, and other local social service providers to transition the approximately 700 acquired staffing jobs to serve the region’s homeless and at-risk men and women. In the first 12 months of operation in Philadelphia, First Step expects to employ 500 homeless men and women in the area and grow to serve more than 1,000 by year three.Read More