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Category: Initiatives


New Program to Help Early Learning Providers Gain Financial Success
Posted August 31, 2021

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.

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Philadelphia Food Justice Initiative Opens 2021 Funding Round
Posted August 3, 2021

$380,000 in grants available to advance community-driven solutions to historic food injustice

Philadelphia, August 3, 2021 — The Philadelphia Department of Public Health and the Reinvestment Fund issued a call today for proposals investing $350,000 to develop innovative projects aimed at creating more healthy food options in Philadelphia. Non-profits, businesses, and collectives can apply for up to $100,000.

This project, the Philadelphia Food Justice Initiative (PFJI), was first launched in 2020 by the Reinvestment Fund and the Health Department’s Division of Chronic Disease and Injury Prevention, also known as Get Healthy Philly.

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Philadelphia Food Justice Initiative Announces New Grant Awards
Posted April 13, 2021

The initiative has awarded over $620,000 in grants in the last two years to advance community-driven solutions to historic food injustice

The Philadelphia Department of Public Health and the Reinvestment Fund have awarded more than $443,500 to fund several innovative initiatives to create more healthy food options. This is part of an effort to find and fund community-driven solutions to historic food injustice.

The Health Department’s Division of Chronic Disease and Injury Prevention and the Reinvestment Fund announced nine new awards as part of the Philadelphia Food Justice Initiative (PFJI). In total, the initiative has provided over $620,000 in grants over two rounds since its launch in 2019.

 

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Strategies to Drive Community Development Capital to Small and Midsized Cities
Posted February 9, 2021

New Report from Urban Institute and Reinvestment Fund offers cross-cutting lessons to improve community investment systems

Urban Institute today released Making Community Development Capital Work in Small and Midsize Cities, a report in partnership with Reinvestment Fund, that explores the challenges many small and midsize cities face in attracting and sustaining community investment capital, as well as the opportunities that their size provides.

Small and midsize cities in the aggregate are falling behind their larger peers in attracting and receiving community development investments. Diminished access to capital for investments that bolster positive, local social determinants of health in small and midsize cities coincides with the economic and social trends that affect these localities.

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Reinvestment Fund Launches Building Healthier, More Equitable Communities Initiative in New Jersey
Posted December 15, 2020

Philadelphia, December 15, 2020— Reinvestment Fund announced the launch of Building Healthier, More Equitable Communities (BHEC) today, a health and community development focused initiative that will work with cross-sector collaborative teams in four cities in New Jersey to advance equity and wellbeing in targeted neighborhoods. BHEC will support partnerships in Asbury Park, Camden, Newark, and Paterson.

BHEC aims to address the social determinants of health through changes to the built environment and the community investment system in selected New Jersey cities, while acknowledging the unique challenges stemming from the current health and economic crisis.

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Reinvestment Fund Awards $3 Million to Improve Healthy Food Access in Underserved Communities
Posted December 9, 2020

Reinvestment Fund today announced $3 million in financial assistance awards to 20 projects through the 2020 round of America’s Healthy Food Financing Initiative’s (HFFI) Targeted Small Grants Program. Funding for the HFFI grants program is provided by the United States Department of Agriculture (USDA), authorized by the 2014 Farm Bill. The program supports projects that are designed to improve access to fresh, healthy food through food retail.

Awardees were selected through a competitive process that was open to eligible fresh food retail projects and food enterprises seeking financial assistance to overcome the higher costs and initial barriers to operating in underserved areas. There were 245 applications submitted to the program, which came from 46 states, the District and US territories, and had a total request of over $40 million in financing.

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New Survey Seeks Input from Families on Reopening Childcare
Posted July 9, 2020

Reinvestment Fund, the City of Philadelphia’s Office of Children and Families, Public Health Management Corporation (PHMC), and United Way are conducting a city-wide survey to understand childcare needs as people head back to work and school. Parents and guardians can participate on the online survey anonymously to share their needs and concerns around care for children ages 0 to 5 in their household.

All families who use or plan to use childcare in Philadelphia are encouraged to take the survey, which is accessible at www.reinvestment.com/phlchildcarereopensurvey. The survey will be open for the next two weeks and is available in eight languages. In addition to English, families can access the survey in Spanish, Chinese, Vietnamese, Khmer, Russian, Arabic and French.

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Reinvestment Fund Launches New Initiative in New Jersey to Improve Equity and Well-being
Posted June 16, 2020

Reinvestment Fund today announced the launch of the Building Healthier, More Equitable Communities (BHEC) initiative in New Jersey. BHEC aims to address the barriers to better health through changes to the built environment and community investment system. The initiative will work with four cities selected through an application process, to advance community development priorities and further their plans for an equitable recovery from the current health and economic crisis. BHEC was created with support from the Robert Wood Johnson Foundation.

“From safe housing to access to healthcare, the COVID-19 crisis has amplified the challenges that communities face when it comes to health and well-being,” said Amanda High, Chief of Strategic Initiatives at Reinvestment Fund. “With access to resources and a peer learning exchange through BHEC, selected cities will receive a variety of supports to work with local communities to spur equitable recovery through development.”

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Healthy Food Financing Initiative Announces $3 Million Available in Funding
Posted May 20, 2020

Reinvestment Fund is inviting applications for financial and technical assistance through the 2020 round of the 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 2020 HFFI round significantly increases the available funding compared to the previous round, offering $3 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.

“A resilient food system is essential to ensure that all Americans, regardless of where they live or how much they make, can get the food they need to keep their families healthy,” said Don Hinkle-Brown, President and CEO of Reinvestment Fund. “The COVID-19 pandemic has underscored the need to sustain a robust food system that serves all communities. We hope that these HFFI investments can seed improved access to healthy food in underserved communities and also fundamentally strengthen local food economies.”

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Supporting Communities Impacted by COVID-19
Posted April 2, 2020

Our communities are feeling the financial impact of COVID-19 and at Reinvestment Fund, our goal is to help alleviate some of the immediate financial pressures and ultimately to preserve local assets.

We have been reaching out personally to our borrowers and partners to better understand challenges and how we can be helpful. We are currently supporting several small businesses and nonprofits in our portfolio to access local, state, federal and philanthropic emergency resources as they become available. In some instances, our role has been to help our borrowers navigate the application processes.

We are also working with investors and philanthropic partners to tailor responses to challenges we are seeing on the ground. This week we announced two new initiatives, outlined below, to support childcare providers impacted by the COVID-19 pandemic.

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