Reinvestment Fund Fall Newsletter
Designing Space for Atlanta’s Creative Entrepreneurs
Atlanta is often listed among the top-ranked cities for creativity, known for its street-art scene, deep musical heritage and booming creative economy—but the space to grow isn’t always accessible to small-scale entrepreneurs. Looking to expand, fill a unique niche and foster community, the Koncept House has acquired a second commercial space. The project will revive a landmark commercial building in the Capitol View neighborhood of Atlanta and transform it into a unique and inviting space for makers, creatives and e-commerce entrepreneurs to spread out and set up shop. Reinvestment Fund financing will support the acquisition and rehabilitation of the 15,000-square-foot property, which sits directly across the street from the Metropolitan Library—a community staple that also serves as a “cultural center.” In addition, the project sits conveniently just blocks away from the nearest Atlanta Beltline spur and is accessible to local bus lines.
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Reinvestment Fund Analyzes Mortgage Lending Trends Including Disparities & Neighborhood Shifts
In Philadelphia, 2022 marks the first year since 2011 that the number of home purchase mortgage applications and the number of refinance mortgage applications both declined, according to the latest Home Mortgage Disclosure Act (HMDA) data release. Reinvestment Fund’s Mortgage Lending in Philadelphia: Key Take-Aways from the 2022 Home Mortgage Disclosure Act Data Release suggests a shift in the local housing market—one defined by higher home prices and higher interest rates. Other takeaways from the HMDA show a widening gap in access to mortgage credit between borrowers of different races and ethnicities, specifically Black and Hispanic borrowers receiving elevated denial rates compared to their white counterparts, regardless of their financial qualifications. The report, featured in the Philadelphia Inquirer, also illustrates the patterns of purchasing activity of Black, Hispanic and White borrowers over the past decade showing shifting demographic and economic boundaries across the city.
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- Reinvestment Fund awarded nearly 90% of Washington, D.C.-based Child Development Homes with a one-time Early Learning Support Grant to address their unique needs.
- Policy Solutions’ Ira Goldstein presented the 2023 Market Value Analysis to the Chattanooga City Council’s Affordable Housing Committee to help inform the city’s housing intervention strategies.
- Since its launch in 2019, the Philadelphia Food Justice Initiative has awarded nearly $2 million to 27 grantees leading innovative, community-led projects that advance food justice. In the latest round of funding, Reinvestment Fund and the Philadelphia Health Department announced $556,280 in new grants to nine grantees.
- We’re supporting the construction of the Senior Services: Intergenerational Center for Arts & Wellness, a state-of-the-art facility that will allow senior citizens, toddlers and PreK students, artists, health care professionals, and community volunteers to access and receive social services under one roof.
- Reinvestment Fund financing will support the acquisition of two multifamily housing buildings by Status: Home, Atlanta’s oldest and largest permanent supportive housing provider for families and individuals affected by HIV/AIDS, to provide 42 low-income housing units to a vulnerable population.
- KIPP Philadelphia Charter School celebrated its 20th anniversary and relocation to a new campus at the historic John G. Whittier School, a project using Reinvestment Fund financing.
- A ribbon-cutting ceremony on October 21 marked the grand opening of the Anna C. Verna Playground at FDR Park. The Fairmount Park Conservancy and Philadelphia Parks & Recreation were joined by the mayor, local representatives, community members and families to play, explore the all-abilities playground and swing on “the largest swing set in North America.” Reinvestment Fund provided bridge financing to support this project.
- Reinvestment Fund will soon accept applications for energy efficiency and renewable energy grants pilot program through the Sustainable Development Fund (SDF).
- Our latest Growing Diverse Housing Developers video spotlights highlight Lorraine Wilson-Drake, Daniel Alexander and Nadine Ngouabe Dlodlo.
- Through continued funding from the William Penn Foundation, we are pleased to announce two new grant opportunities in the Philadelphia Child Nutrition Fund (PHL-CNF).
The HBCU Brilliance Initiative
Damien Wilson, Senior Director of the HBCU Brilliance Initiative, highlights Reinvestment Fund’s commitment to providing technical & financial support for HBCUs to make critical investments in their facilities, financial stability, and long-term growth to better serve their institutional missions and deliver on the promise of Black Higher Education. The HBCU Brilliance Initiative aims to create opportunities for students, stimulate economic growth, and strengthen the vibrant communities surrounding these institutions.
Work With Us
- Commercial Loan Servicing Specialist
- Commercial Loan Closing Specialist
- Operations Associate – CBCA Programs
- Portfolio Manager, Commercial Loans
- Senior Loan Administrator
- Lending Associate. New Market Tax Credit-Lending
- Senior/Director External Relations
- Senior Loan Officer, (Senior Director), Southeast, Atlanta Metropolitan area
- Senior Loan Officer (Senior Director), and Baltimore Market Leader
- Senior Loan Officer (Senior Director), National Community Facilities