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

Affordable rent in Philadelphia would need to drop by around $300 per month to truly serve families in need of affordable housing. Defined as “the midpoint of a specific area’s income distribution,” the Area Median Income (AMI) is a regional measure often used as a shorthand to signal the relative affordability of a particular housing initiative. However, the current AMI is based on data from 11 counties across four states, distorting local income levels and affordability. WHYY'S latest article highlights research from Reinvestment Fund's Ira Goldstein and Herbert Wetzel, “Why Many Philadelphians Cannot Afford Affordable Housing,” shedding light on this disconnect. Read the article and our recent research (https://bit.ly/3zUtAlA) to explore how we can develop a more accurate way to measure and meet the city's housing needs—and rethink how we address housing affordability: https://bit.ly/3BA9U6R

We are thrilled to welcome Zoe Millstein as the 2024-2026 Jeremy Nowak Fellow at Reinvestment Fund! Zoe will be working with our Policy Solutions team, focusing on quantitative and qualitative research in key areas such as affordable housing, real estate market analysis, and early childhood education. As a lifelong Philadelphian, Zoe’s dedication to social and urban equity continues to guide her professional work and research. She graduated summa cum laude from the University of Pennsylvania, earning honors in Urban Studies and receiving the prestigious Eric C. Schneider Award for her academic excellence. The Jeremy Nowak Fellowship, which honors the legacy of Reinvestment Fund's founding CEO, supports recent graduates exploring careers in community economic development. ✨ Learn more about Zoe and the Nowak fellowship: https://lnkd.in/ezUEu-Xq

📅 Appy by Monday, October 7th! Are you experienced in food justice initiatives in Philadelphia? We are seeking qualified individuals or organizations to serve as consultants for our Philadelphia Food Justice Initiative (PFJI). This role will focus on providing programmatic support, coordination, field outreach, and valuable feedback to advance food justice in Philadelphia. For more information on the initiative and how to apply, visit our website: https://lnkd.in/e2vSqj6R #Jobopportunity #FoodAccess #PhiladelphiaFoodJustice

In a significant move to bolster support for Historically Black Colleges and Universities (HBCUs), Senator Sonya Halpern announced a new partnership between her office and Reinvestment Fund's HBCU Brilliance Initiative (Brilliance Initiative). The collaboration aims to enhance funding, resources, and opportunities for HBCUs, empowering them to continue their vital role in the community.   The Brilliance Initiative will play a crucial role in this partnership, driving programmatic innovation and expanding access to essential technical assistance and capital funding. Together, Senator Halpern’s office and the Initiative will work to bridge gaps and break down barriers that have historically hindered HBCUs from reaching their full potential. We're so excited to embark on this journey with Senator Halpern’s Office! ✨Learn more about the partnership: https://bit.ly/4dpVIdT

I’m excited to share Reinvestment Fund's 2023 Year in Review! This past year at Reinvestment Fund, we have achieved great things alongside our partners and communities in Atlanta, Baltimore, New Orleans, New York, Philadelphia, Tampa and many more neighborhoods across the MidAtlantic and Southeast. I invite you to watch our new video and read our Investor Report highlighting incredible accomplishments from the past year, the 278 businesses and nonprofits we work alongside, and the progress we’ve made toward our mission. Watch the video:

Are you experienced in food justice initiatives in Philadelphia? We are seeking qualified individuals or organizations to serve as consultants for our Philadelphia Food Justice Initiative (PFJI). This role will focus on providing programmatic support, coordination, field outreach, and valuable feedback to advance food justice in Philadelphia. The deadline to apply is Monday, October 7th. For more information on the initiative and how to apply, visit our website. #Jobopportunity #FoodAccess #PhiladelphiaFoodJustice https://lnkd.in/e2vSqj6R

📣Update: Unfortunately, due to inclement weather, the 9/26 event is postponed. We will keep you updated as plans for the rescheduled date are released. We're gearing up for an exciting and very important conversation tomorrow in Atlanta about how Community Development Financial Institutions (CDFIs) and Historically Black Colleges and Universities (HBCUs) can catalyze policy and capital to foster sustainable growth and make meaningful impact in our communities. In preparation for the event, we wanted to ask our networks: ▶️ What do you think are the most pressing issues facing HBCUs? ▶️ What topics do you hope are covered in the session? Thank you to our facilitator and Board Chair, Saul Behar, and our impressive list of panelists for offering their voices, expertise, and experiences to the discussion tomorrow: Marshall J. Taggart, Jr., ABD, MPA, B.A., C.M., Courtney English, Tawan Davis, Ivy Dench-Carter, and Keith Shoates. As well as to our speakers: Don Hinkle-Brown, Mike Davis, and Senator Sonya Halpern. 🔗 You can check back for updates and learn more about the HBCU Brilliance Initiative here: https://lnkd.in/eXAjty3T

Reinvestment Fund has been awarded a New Markets Tax Credit (NMTC) allocation, advancing our mission to create opportunities in underserved communities. This award enables us to expand our impact nationwide, supporting investments that reduce racial inequities, drive community revitalization, and provide essential services. We have been a recipient of NMTC allocations since 2003, investing over $657 million in 77 transformative projects across the country. This award will enable us to prioritize investments in communities in the Southeast and Mid-Atlantic regions, where historical disinvestment, redlining, and other structural inequities have left lasting economic challenges. “This funding allows us to support critical projects – from healthcare and education to workforce development – breaking down barriers to employment and economic self-sufficiency,” said Reema Fakih, Managing Director of National Lending at Reinvestment Fund. “It’s a vital step in creating lasting change and dismantling systemic barriers for communities of color.” #CommunityRevitalization #NMTC #EconomicEquity 🔗 https://lnkd.in/e5GmwND9

Siree Morris, a member of the Growing Diverse Housing Developers (GDHD) initiative in partnership with Reinvestment Fund, has just celebrated the groundbreaking of the highly anticipated $336 million redevelopment project at the New Jersey Performing Arts Center (NJPAC) — where he is the co-developer. At the groundbreaking, Siree expressed the transformative impact this project will have on Newark's downtown."This development here is going to change and continue to change Newark into a 24/7 city. Where people can come and they can live, they can work, they can play." The redevelopment will add hundreds of new affordable residences, retail, restaurants, outdoor gathering spaces, and a state-of-the-art education and community center with professional rehearsal spaces. 🎉 Congratulations to Siree and the entire team driving this public-private, community-centered project for Newark’s future. And a special shout out to the talented Ayana Morris, who designed her husband's suit for the event. 🔥 📽 https://lnkd.in/eTyzRKVs