Reinvestment Fund Reinforces Its Commitment to its Mission &
Community As It Looks To The Next 40 Years
PHILADELPHIA, March 13,
2025 /PRNewswire-PRWeb/ -- Today Reinvestment
Fund, a nationally-focused Community Development Financial
Institution (CDFI) headquartered in Philadelphia and Atlanta, proudly launched its new "Why"
Campaign, a year-long, multi-media campaign reinforcing its
commitment to building equitable, thriving communities in honor of
the organization's 40th anniversary and enduring legacy of
research, reinvestment, and rebuilding for lasting impact.
"Reinvestment Fund has had the opportunity to work and serve our
community for 40 years, an accomplishment we are deeply proud of.
During those 40 years, we've seen that change doesn't happen
overnight—it happens one investment, one policy, one community at a
time," said Patricia Smith,
co-founding chair of Reinvestment Fund's Board of Directors. "With
the 'Why' Campaign, we're looking back on what we've done while
charting a course toward what we will continue to do: invest in
people, in neighborhoods, and in a future where equity and
opportunity are accessible to all."
The anniversary campaign will focus on three key pillars:
research, reinvestment and rebuilding for change. The simple yet
powerful focus areas aim to speak to Reinvestment Fund's unwavering
dedication to fostering economic opportunity, advancing community
resilience, and ensuring lasting social progress.
"Our work is only possible with the hard work and dedication of
Reinvestment's Fund team and leadership. We have a history of
talented visionaries leading our efforts, and our current team is
equipped to take on today's challenges and champion our mission,"
said Saul Behar, chair of
Reinvestment Fund's Board of Directors. "Reinvestment Fund's impact
in Philadelphia and the dozens of
communities we serve around the nation has been transformational,
but most importantly, the investments we've made and partnerships
we've built will continue to enable new opportunities for thousands
of people for years to come."
In the spirit of research, reinvestment and rebuilding for
change, Reinvestment Fund made three major loan announcements
supporting organizations across the country as part of the launch
of the Why campaign:
- Called to Serve CDC in Philadelphia secured a $4.2M loan to redevelop the vacant Zion Baptist
Church Annex into the Rev. Leon H. Sullivan Community Impact
Center, a community center and hub featuring a primary care medical
clinic, space for afterschool, arts and violence intervention
programs, a cafe and bookstore, and training facilities for
community healthcare workers. The project was funded utilizing both
New Markets Tax Credits and Historic Tax Credits. It is community
based and will be LEED Silver certified. Construction on the
project is expected to be completed in 2026.
- Mott Haven-Port Morris Community Land Stewards in New York City secured a $1M predevelopment loan to redevelop the vacant
Lincoln Detox Center in the South
Bronx into a 22,750 square feet community center, called the
H.E.Arts Center. The center will offer a cafe and gathering spaces
focused on health, education and arts, including advocacy training
by South Bronx Unite. Reinvestment Fund partnered with Leviticus
Fund on the project with both organizations giving a $1M predevelopment loan each to the project. The
project will serve a high-poverty area of Black, Puerto Rican and
immigrant populations. The project is expected to be completed by
the end of 2027.
- Tivoli Theatre Foundation (TFF) in Chattanooga, TN secured $21M in loans to complete their $71M project rehabilitating of the historic
Tivoli Theatre in the heart of the city's downtown core. Utilizing
both New Markets Tax Credits and Historic Tax Credits, the project
includes the rehabilitation of more than 56,000 square feet of
theatre space as well as the redevelopment of the adjacent, 65,905
square feet building into office, retail, educational space, and a
rooftop restaurant to recreate the combined Tivoli Performing Arts
Center. The Center will be home to expanded arts programming for
the community and serve as a catalyst for the continued economic
revitalization of downtown Chattanooga. The multi-year project will reach
full operational capacity by 2030 while the theatre will reopen in
late 2026.
"Our Why campaign isn't just a look back but a glimpse into the
future. We are grounded in our mission of creating opportunity for
underserved people and places as we continue to expand our work to
reach more communities and connect with more partners who share our
commitment to an equitable future," said Donald Hinkle-Brown, president and CEO at
Reinvestment Fund. "As we look forward to the next 40 years of
service, our team and partners are ready to take on new and bigger
challenges in the coming weeks, months and years with one
investment, one community, one neighborhood and one dream at a
time."
Reinvestment Fund was founded in 1985 by community members in an
effort to make the Philadelphia
region a more equitable place for all. In the 40 years since its
founding, Reinvestment Fund has expanded to two offices and more
than 80 staff across the country. To date, Reinvestment Fund has
made more than $3.2B in investments
that have resulted in nearly 50,000 permanent jobs, nearly 30,000
homes, nearly 30M square feet of
community and commercial space and more than 300 grocery stores. It
is estimated that Reinvestment Fund's work has positively impacted
more than 2M people across the
country, many of whom are children and their families.
For more information about Reinvestment Fund and the "Why"
Campaign, visit why.reinvestment.com.
About Reinvestment Fund
Reinvestment Fund is a mission-driven financial institution
committed to making communities work for all people. We bring
financial and analytical tools to partnerships that work to ensure
that people in communities across the country have the
opportunities they strive for: affordable places to live, access to
nutritious food and health care, schools where their children can
flourish, and strong, local businesses that support jobs. We use
data to understand markets and how transactions can have the most
powerful impact, which has consistently earned us the top Aeris
rating of AAA for financial strength and four stars for impact
management. Our asset and risk management systems have also earned
us an AA- rating from S&P. Since our inception in 1985,
Reinvestment Fund has provided over $3.2
billion in financing to strengthen neighborhoods, scale
social enterprises, and build resilient communities. Learn more at
reinvestment.com.
Media Contact
Morgan Spade, Reinvestment Fund,
1 215-574-5800, media@reinvestment.com, www.reinvestment.com
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SOURCE Reinvestment Fund