Title
Honoring, recognizing, and congratulating Reinvestment Fund, a mission-driven community development financial institution committed to making communities work for all people, on the occasion of its 40th anniversary.
Body
WHEREAS, Reinvestment Fund was founded in 1985 in Philadelphia by civic leaders and community organizers including Eva Gladstein, Pat Smith and Joyce Wilkerson, and other dedicated and active community members and organizations such as such as the Bread and Roses Community Fund, Ann Dooley, Reverend Dick Fernandez, Andy Lamas and Juhudi (Rudy) Tolbert, who recognized the power of people to make change; and
WHEREAS, Originally named the Delaware Valley Community Reinvestment Fund, and rebranded as The Reinvestment Fund (TRF) in 1999 and as Reinvestment Fund in 2015, Reinvestment Fund has created economic opportunities for 40 years through strategic investment and data-driven research to support the essential needs that all communities need to thrive; and
WHEREAS, Jeremy Nowak was appointed as its first President and CEO where he served from 1985 to 2011. Jeremy championed a mission that united schoolteachers and executives with faith-based organizations, philanthropy, banks and government to invest in communities; and
WHEREAS, Over the last 12 years, with the leadership of Donald Hinkle-Brown, President and CEO, Reinvestment Fund has directed $500 million in financing and grants generating $1.2 billion in projects supporting Philadelphia's needs for affordable housing, commercial real estate, community facilities, energy efficiency, and food access; and
WHEREAS, Reinvestment Fund has been actively involved in funding affordable housing in Philadelphia, with 1,050 housing units created, rehabilitated, acquired, or preserved from 2013 to 2025. Reinvestment Fund has played a key role in exposing and protecting low-income and minority homeowners, tenants and communities from predatory lending practices, such as supporting the creation of t...
Click here for full text