News

Reinvestment Fund today announced $1.8 million in financial and technical assistance awards to 23 projects through the Healthy Food Financing Initiative (HFFI) inaugural grants program. Funding for the HFFI grants program is provided by the United States Department of Agriculture (USDA), authorized by the 2014 Farm Bill. Ten projects received a total of $1.4 million in financial assistance and another 13 projects received a total of $400,000 in technical assistance awards.

Reinvestment Fund announced the appointment of Jeff Hebert, Partner at HR&A Advisors to its Policy Advisory Board.

Revitalizing a Community, Helping Kids Eat Better and More
A Transformation in East Baltimore
A. Hoen & Co. was once among the most important lithographers in the US—its iconic prints included early National Geographic maps. At its peak, its complex in East Baltimore employed over 250 people. When the business closed in 1981, it left a dominating vacancy in a neighborhood that has also struggled with vacant homes and unemployment. This year, with financing from Reinvestment Fund, the complex is finally being redeveloped, breathing new life and hope into the neighborhood.

Reinvestment Fund announced Yonina Gray as its new Director of External Relations, responsible for driving national business development objectives to establish new market presence and relationships that pave the way for organizational growth.

Reinvestment Fund is offering a new capital and planning resource that aims to increase access to healthy, nutritious meals for children from vulnerable populations. The New Jersey Child Nutrition Fund (NJCNF) offers capital and technical assistance to providers who participate or wish to participate in federal meal programs, Child and Adult Care Food Program (CACFP) and the Summer Food Service Program (SFSP). NJCNF is funded by the Robert Wood Johnson Foundation.

Reinvestment Fund is a national mission-driven financial institution that creates opportunity for underserved people and places through partnerships. In 2018, we marshaled the capital, analytics, and expertise necessary to build strong, healthy, and more equitable communities. Among the highlights: We invested $217.9 million, including $43 million in our hometown of Philadelphia and $33 million in the City of Baltimore.

Reinvestment Fund is pleased to welcome Marland Buckner, Mike Davis and Vicki Lundy Wilbon to its Board of Directors. The new Board members bring varied professional experience from public affairs to education to real estate development, and an expansive understanding of communities and regions in the Southeastern United States.

GoATL Fund (GoATL), an impact investment fund launched by the Community Foundation for Greater Atlanta, recently closed a new $1 million investment to Reinvestment Fund to support a diverse portfolio of impactful investments throughout metro Atlanta. Focused primarily on low-income neighborhoods with historically deprived levels of investment, GoATL’s investment will provide Reinvestment Fund with locally-sourced, flexible capital that will support initiatives in education, food access, the arts and affordable housing.

Reinvestment Fund announced Tracy Murray Moore as its new Chief Human Resources Officer. As CHRO, she is responsible for developing and executing the human resource strategy in support of Reinvestment Fund’s overall business plan and strategic direction, specifically in the areas of succession planning, talent management, change management, organizational and performance management, training, development, and compensation.