Also by Reinvestment Fund

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Category: General


Atlanta’s Leading Social Impact Fund Invests $1.5 Million in Reinvestment Fund
Posted February 5, 2020

GoATL Fund (GoATL), an impact investment fund launched by the Community Foundation for Greater Atlanta, announced $1.5 million in two investments to Reinvestment Fund. The first investment, $1 million, will expand Reinvestment Fund existing GoATL investment supporting a diverse portfolio of impactful projects throughout metro Atlanta. The second investment of $500,000 will target support to early childhood education (ECE) projects across the region.

GoATL’s investment will help Reinvestment Fund expand its lending to support social outcomes in education, job creation and housing.

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CEOs of Four National CDFI Loan Funds Comment on CRA Rulemaking
Posted January 29, 2020

Oversimplified CRA metrics would damage local responsiveness and lessen social impact

We are deeply concerned by Comptroller Joseph Otting’s proposed changes to the Community Reinvestment Act (CRA), the subject of today’s hearing by the House Financial Services Committee. The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) have set forth a proposal that must be reevaluated to preserve the fundamental purpose of CRA – to address inequalities in bank lending and to drive investments toward impactful community development activities.

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Bread & Roses Community Fund receives Reinvestment Fund’s Community Champion Award
Posted January 23, 2020

Bread & Roses Community Fund, the leading funder of grassroots organizing for racial, social, and economic justice in the Philadelphia region, is receiving a $15,000 Community Champion Award from Reinvestment Fund in recognition of its work supporting grassroots organizing for change, and to fuel that work in the future.

The Community Champion Award is a 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. In most instances, the organizations have volunteers that are Reinvestment Fund staff or another existing relationship. In this case, the history goes back decades. Reinvestment Fund was incubated at Bread & Roses before spinning off in 1985.

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Reinvestment Fund CEO Appointed as Chair of the Federal Reserve Board’s Community Advisory Council
Posted January 15, 2020

The Federal Reserve Board recently announced Reinvestment Fund CEO, Don Hinkle-Brown, to serve as Chair of its Community Advisory Council (CAC). Mr. Hinkle-Brown previously served a term as Vice Chair beginning in 2018. The CAC is composed of a diverse group of experts and representatives of consumer, workforce, and community development organizations and interests, including from such fields as affordable housing, economic development, labor, small business, and asset and wealth building. CAC members provide information, advice, and recommendations to the Board on relevant policy matters and emerging issues of interest.

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FY 2020 Spending Package Boosts Farm Bill’s Healthy Food Financing
Posted December 20, 2019

This week, the House and Senate cleared the fiscal year 2020 spending bills. The legislative packages include increased investment in the United States Department of Agriculture’s Healthy Food Financing Initiative (HFFI). HFFI is administered by Reinvestment Fund on behalf of USDA Rural Development to improve access to healthy food in underserved areas.  The bills now await the President’s signature. Read our full statement.

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Reinvestment Fund Announces New Initiatives Honoring Jeremy Nowak
Posted September 25, 2019

Reinvestment Fund announced three initiatives in memory of its founding Executive Director, Jeremy Nowak. Jeremy led Reinvestment Fund for 26 years, establishing a powerful vision for strong, equitable communities. The initiatives honor key aspects of Jeremy’s life work.

“We at Reinvestment Fund were fortunate to have witnessed and learned from Jeremy’s genius for so many years,” Don Hinkle-Brown, President and CEO of Reinvestment Fund. “In designing these initiatives, we want to memorialize his legacy and encourage work that advances his life’s pursuits.”

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New Food Justice Initiative Launched in Philadelphia
Posted September 24, 2019

The Philadelphia Department of Public Health has announced the launch of the Philadelphia Food Justice Initiative, an exciting new program in partnership with the Reinvestment Fund to support community-driven projects to advance food justice. As part of the launch, the initiative announced the selection of six projects for a total of $180,000 in funding support.

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Jeff Hebert joins Reinvestment Fund’s Policy Advisory Board
Posted June 24, 2019

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

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Reinvestment Fund Names Yonina Gray as Director of External Relations
Posted May 1, 2019

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.

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Reinvestment News Winter 2019
Posted February 12, 2019

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.

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