Reinvestment Fund is inviting applications for grant awards and technical assistance through the 2021 round of the America’s Healthy Food Financing Initiative (HFFI) Targeted Small Grants Program. Funding for the HFFI Targeted Small Grants Program is provided by the United States Department of Agriculture (USDA), authorized by the Farm Bill. Reinvestment Fund serves as the national fund manager for the HFFI program at USDA. The 2021 HFFI round is offering at least $4 million in grant funds for food retail and food enterprises working to improve access to healthy foods in underserved areas, to create and preserve quality jobs, and to revitalize low-income communities.
“Investing in food retail access is about building essential infrastructure, economic strength and community resilience,” said Don Hinkle-Brown, President and CEO of Reinvestment Fund. “At a time when Americans are grappling with enormous challenges from continued COVID-19 infections to extreme weather, it is more important than ever that we support communities and entrepreneurs in building an equitable, resilient food system.”Read More
Reinvestment Fund celebrates the graduation of the first cohort of 15 financial professionals from its Train the Trainer (TTT) program dedicated to the early childhood education (ECE) community. The eight-week program provides a comprehensive understanding of the nuances of the ECE sector and prepares financial professionals to serve as coaches to providers seeking to strengthen their business operations. TTT is an initiative of Reinvestment Fund, with funding from the William Penn Foundation, to support Philadelphia ECE providers by increasing their financial capabilities and positioning them for stability and growth.Read More
We urge you to add your organization to a sign on letter in support of the Biden-Harris Administration’s proposed Community Revitalization Fund (CRF).Read More
A new collaborative aims to level the playing field in education, health and workforce readiness for young people in East Tampa, Florida. The Skills Center (TSC), a sports-based youth development organization, is building a strategic alliance with four other Black-led nonprofits to leverage resources, programming, funding and impact. With Reinvestment Fund financing, TSC is acquiring a five-acre campus that will house its headquarters and its partner organizations.
Our newest research brief looks at the process in Philadelphia and identifies ways in which the court experience can be improved and made more equitable for both tenants and landlords as the city emerges from the pandemic.Read More
Reinvestment Fund applauds news this week from the U.S. Department of Agriculture that it will invest more than $4 billion to strengthen critical supply chains in the food system. Part of the Biden Administration’s Build Back Better initiative, the new effort will strengthen the food system, create new market opportunities, tackle the climate crisis, help communities that have been left behind, and support good-paying jobs throughout the supply chain.
“COVID-19 shined a light on the need for stronger local food supply infrastructure, as grocery stores and food producers became essential businesses and lifelines for families,” said Don Hinkle-Brown, President and CEO of Reinvestment Fund. “We commend the Administration and the USDA for this transformational investment that recognizes the food system as essential infrastructure for local and regional economies.”Read More
Reinvestment Fund announced Kareem Thomas as its new Managing Director of Credit. In this role, Kareem leads all credit review and approval functions for Reinvestment Fund’s lending and investing, and plays a critical part in helping advance the organization’s mission.Read More
Regardless of race, class or income, communities everywhere want to make things better for generations to come. The use of safe, clean, locally-made energy from the sun is a way to ensure the well-being of future generations while also helping homeowners invest in their homes. PosiGen is a residential solar developer that works primarily with low- to moderate-income households and in communities of color. The firm pioneered a unique approach to assessing credit risk of customers focusing on utility bill payment history instead of credit scores, and also developed an “out of the box” system design that reduced installation costs compared to the “design to fit” systems more prevalent in the industry. Supported by these two innovations, the firm has installed over 17,000 systems to date, with over 70% of its customers being low- to moderate-income households.Read More
Wells Fargo selects Community First Fund, The Enterprise Center, Entrepreneur Works, Reinvestment Fund and Women’s Opportunity Resource Center to receive grants from its Open for Business Fund
Wells Fargo has selected Community First Fund, The Enterprise Center, Entrepreneur Works, The Reinvestment Fund, and Women’s Opportunity Resource Center to receive grants from its Open for Business Fund (OFB), a nationwide small business recovery effort. The $8.35 million in new funding to these organizations will help underserved small businesses stay open, preserve jobs through short- and long-term COVID-19 resiliency efforts, and support businesses impacted by the civil unrest that took place last summer. The grants were announced today at a small business roundtable in Philadelphia hosted by Wells Fargo and The Hill.Read More
We at Reinvestment Fund hope that this moment of accountability will blossom to create a just future where all of us can truly thrive. A future where everyone is safe and protected, regardless of skin color or identity.
Today’s guilty verdict is an inflection point for our country as we begin to heal the wounds of injustice and violence perpetrated against Black communities for generations.Read More
Reinvestment Fund announced that Steve Chung is its new Senior Director for Clean Energy and Sustainability. Steve was formerly with the Green Climate Fund, which was established in 2010 through the United Nations to invest in transformational climate projects in the developing world. In his new role at Reinvestment Fund, Steve is primarily responsible for growing Reinvestment Fund’s clean energy lending portfolio and managing its dedicated clean energy funding sources.Read More