Reinvestment Fund

Small actions can create great impact. 🌟 We invite you to get to know us a little better by watching our 2023 Year in Review video. See the accomplishments we've reached together with our partners and investors and the 278 businesses and nonprofits we work alongside towards our mission—to ensure everyone has access to essential opportunities: affordable homes, nutritious food, healthcare, quality education, and thriving local businesses that support jobs. We’re proud to be a part of this diverse collective that continues to dismantle systems that perpetuate social and economic inequality together. Click below to learn more. Join our community, make an impact. https://lnkd.in/dkMNMWw7

St. Michael's School and Nursery, Delaware’s oldest early childhood program, has undergone an extensive renovation to expand its community impact and capacity for local children. The 130-year-old school will now serve over 200 students while also investing in its staff through professional development initiatives. With support from Reinvestment Fund, this $7 million renovation project has upgraded safety measures for students and staff, enhanced learning environments, and introduced a new Community Resource Center for families. Last week, Reinvestment Fund’s Bridget Wiedeman, LaToshia D., and Karen Bustard proudly attended the ribbon-cutting ceremony in Wilmington. 🎉 📚 This project is particularly meaningful for us, as it highlights the collaborative efforts of our Lending and Programs departments to support St. Michael’s mission of fostering a safe, nurturing, and inclusive environment for children and families embarking on their educational journey. Learn more: https://lnkd.in/e4kJ8697

✨ Exciting Career Opportunities at Reinvestment Fund ✨ Join an amazing team of community development professionals passionate about creating an equitable future, where all people thrive.

Our team at Reinvestment Fund was thrilled to meet Senator Jon Ossoff this past week. During the informal discussion, we had the opportunity to share updates on our work, including the HBCU Brilliance Initiative and our perspectives on the New Markets Tax Credit program. We deeply appreciate the Senator’s steadfast commitment to engaging with constituents and advocating for the communities he serves. His visionary leadership in advancing policies that foster community development, affordable housing, and equity has made a profound and lasting impact. We are grateful for his unwavering dedication to ensuring all Georgians have the opportunity to succeed. We look forward to continuing our collaboration to build a more prosperous and inclusive future for Georgia, a state The Reinvestment Fund is deeply invested in. Office of U.S. Senator Jon Ossoff Emily Dowdall Christina Szczepanski, CFA (she/her) Damien Wilson

✨ Exciting Career Opportunities at Reinvestment Fund ✨ Join an amazing team of community development professionals passionate about creating an equitable future, where all people thrive.

Reinvestment Fund's Senior Advisor of Policy Solutions, Ira Goldstein, served as the keynote speaker at the More Front Doors: The Pocono Housing Summit, where leaders gathered to address the region’s urgent need for affordable housing. The event underscored how the lack of "starter homes" is impacting year-round residents and workforce stability in this tourism-centric region. Workers vital to the area's thriving hospitality and service industries often find themselves priced out of the housing market, jeopardizing the region's economic sustainability. During his keynote, Ira emphasized the inter-connectivity of housing, and especially affordable housing, with virtually every component of the region’s broader economy. And he emphasized the need to collaborate and coordinate both between and among local and state partners in business (for- and not-for-profit) and government. But he cautioned that “…if everything is a priority, nothing is a priority” and so difficult decisions need to be made to address the housing issues impacting residents of the Pocono region. Read the article [https://bit.ly/3Oqnw8c] and learn more about our housing research [https://bit.ly/4fz8o49]

“The CDFI Fund has played a crucial role in revitalizing and strengthening communities across the country, benefiting all of us,” said Secretary Janet L. Yellen, marking the 30th Anniversary of the Community Development Financial Institutions Fund (CDFI Fund) at the U.S. Department of the Treasury. Congratulations to the recipients of the CDFI Fund’s $76 million in Technical Assistance awards, announced yesterday. These funds will support over 250 organizations in expanding opportunities and driving economic revitalization in underserved communities, including rural areas nationwide. At the event, hosted by Secretary Yellen and former President Bill Clinton, Secretary Yellen also highlighted the CDFI Fund’s commitment of an additional $100 million over the next three years. This funding aims to increase the supply of affordable housing, addressing one of the most pressing challenges facing American families today. Reinvestment Fund is committed to continuing the CDFI Fund’s legacy, providing essential financial services and creating lasting impact by building stronger, more inclusive neighborhoods across the nation. https://lnkd.in/dKV-Ttff

“Our research shows that one of the biggest drivers of these mortgage denial gaps is debt,” Emily Dowdall, our President of Policy Solutions, explained. “We know that Black families are less likely to have savings as a result of some historical factors, and therefore Black college graduates have more student loan debt than their White counterparts. That makes it really hard to qualify for a home loan to get that starter home.” Our findings highlight the need to address Debt-to-Income and Loan-to-Value ratios that exclude Black buyers, alongside addressing differential treatment that violates the Fair Housing Act. Explore the story map to see how local partners can address homeownership disparities. https://lnkd.in/ex7D6gqC

🎉 We’re thrilled for the children who will laugh, play, and grow in this vibrant new space for years to come. In late October, Trinity AME Early Learning Center LLC celebrated the unveiling of its newly renovated playground, featuring a tricycle path, sandbox, turf, basketball court, and a new drainage system. The playground was named in honor of Theodora Bingham, the beloved former program director who served the center for over 30 years. This transformation was made possible through a PAACT (Promising All Atlanta Children Thrive) Repair and Renovation Grant, part of a collaboration between PAACT, the City of Atlanta, Community Foundation for Greater Atlanta, Reinvestment Fund, and LIIF. Lawrence Smith, Reinvestment Fund Program Manager for ECE in Atlanta, shared, “A childcare program’s facility is not simply utilitarian. It’s a partner in students’ formative experiences.”