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
Ten years ago, Reinvestment Fund launched PolicyMap with just two staff and a dream to democratize data and make location intelligence widely available and accessible. We have been gratified by PolicyMap’s growth over the years–with its 60,000 users and database of more than 40,000 indicators–and are excited to see it incorporate this month as a benefit corporation.
The events in Charlottesville have left us outraged and deeply distraught – and also motivated to build on our successes and those of our peers and partners. We join our fellow citizens to denounce hate, bigotry, and violence. We affirm our commitment to building wealth and opportunity in communities of need everywhere. We are guided by our friends with their own boots on the ground. And we are optimistic that, together, we can accelerate the advancement of equity.Read More
Reinvestment Fund was named the Asset Manager of the Year by the Global Social Impact Investment Steering Group (GSG), an independent umbrella organization for nations working to catalyze impact investment and entrepreneurship to benefit people and the planet.
In honoring Reinvestment Fund, GSG recognized our successful $50 million bond offering, which reached traditional capital markets for low-income community development.
Reinvestment Fund was named the Impact Asset Manager of the Year by Global Social Impact Investment Steering Group (GSG). The award recognizes valuable organizations within the emerging industry of impact investing and the contributions they have made over the past twelve months. In honoring Reinvestment Fund, GSG recognized its successful $50 million bond offering, which reached traditional capital markets for low-income community development.Read More
Reinvestment Fund announced the creation of a $10 million Pay for Success (PFS) Fund to support PFS transactions in the United States. QBE Insurance Group, one of the world’s top 20 general insurance and reinsurance companies, plans to invest $7 million in the fund. Living Cities, a collective of the world’s largest foundations and financial institutions, plans to invest $2 million. Reinvestment Fund will invest $1 million from its core loan fund, which is supported by more than 850 impact investors. Reinvestment Fund will also manage and administer the fund.Read More
Reinvestment Fund is honored to have been selected by USDA as the National Fund Manager for the agency’s Healthy Food Financing Initiative (HFFI), and we are eager to lead this national effort to invest in healthy food access, an economic engine in communities that helps create much-needed jobs and spur small business growth. As the National Fund Manager, Reinvestment Fund is committed to building a more equitable food system that supports the health and economic vibrancy of all Americans, especially those that have not benefited significantly from HFFI investment to date—including rural communities, food systems entrepreneurs, and women- and minority-owned businesses.
Reinvestment Fund applauds the nomination of Pamela Patenaude to be Deputy Secretary of Housing and Urban Development. Ms. Patenaude is the President of the J. Ronald Terwilliger Foundation for Housing America’s Families, a national nonprofit education and research organization dedicated to illuminating the affordable housing crisis in America. She has served as a member of Reinvestment Fund’s Policy Advisory Board since 2014.Read More