Government Grants
Business Grants
Home Owner Programs
Federal Programs
About Us
Reinvestment Fund, Inc., The
Cast Iron Bldg.- 718 Arch St., Suite 300 NorthPhiladelphia PA, 19106
CDFI Awards for Reinvestment Fund, Inc., The
NMTC (2009) - $90,000,000
The Reinvestment Fund (TRF) will use its NMTC allocation to target three specific project types capable of high impact in low-income communities: 1) charter schools offering educational opportunity, 2) supermarkets increasing access to affordable fresh foods, and 3) other commercial real estate projects that build on existing neighborhood assets. A single financing product will be offered to eligible businesses in all three niches – a combination of highly flexible debt and below market-rate equity. Where this combined debt/equity transaction is not practicable, TRF will also offer below market-rate debt, subordinate debt, and debt with equity features as alternative structures.
FA (2009) - $2,000,000
The Reinvestment Fund is a certified CDFI established in 1985. It currently manages more than $490 million and provides various financing and development services to low-income communities in the mid-Atlantic area, including New Jersey, Pennsylvania, Delaware, Maryland, and the District of Columbia. The Reinvestment Fund will use its FY 2009 Financial Assistance award to increase lending in its target market.
NMTC (2008) - $75,000,000
The Reinvestment Fund, Inc. (TRF) will use this allocation in three niches: select charter schools throughout the Mid-Atlantic region, supermarkets in underserved areas of Pennsylvania, and other eligible commercial real estate developments focused on building underserved markets in the vicinity of institutions such as hospitals and universities. TRF will offer a combination of highly flexible debt, including subordinated debt and debt with equity features, and below market rate equity. Other features of its products include no origination fees, up to seven year interest-only periods, up to 100 percent loan-to-value ratios on loans to nonprofit borrowers, and leasehold and subordinate collateral positions.
FA (2008) - $1,000,000
The Reinvestment Fund, Inc is a nonprofit loan fund in operation since 1985 It is a certified CDFI that serves low-income people throughout the mid-Atlantic Region: New Jersey, Pennsylvania, Delaware, Maryland and Washington, D C It provides affordable housing lending as well as lending to support development of charter schools, childcare centers and supermarkets in underserved communities It will use a 2008 Financial Assistance Award of $1,000,000 to increase its lending in its target market.
FA (2007) - $860,000
The Reinvestment Fund (TRF) is one of the largest and most effective CDFIs in the nation. It was established in 1986 and has a long-history of success in the affordable housing finance field. Its target market includes the Mid-Atlantic region of the U.S., covering New Jersey, Pennsylvania, Delaware, Maryland, and Washington DC. Its primary focus is on the Philadelphia regional market. Its financing activity over a 21-year history has totaled more than $500 million. It has created more than 14,200 housing units; renovated or preserved over 29,300 jobs; created or retained, 4.9 million square feet of commercial space; preserved 16,060 charter schools; and financed almost 300 small businesses. TRF will use its FY07 Financial Assistance award to continue helping families build their wealth and to connect them to high quality amenities like schools, child care centers, and jobs.
NMTC (2006) - $75,000,000
The Reinvestment Fund (TRF) is a non-profit CDFI serving Pennsylvania, Delaware, New Jersey and Maryland. TRF will utilize the NMTC allocation in three niches: select charter schools in the Mid-Atlantic region, supermarkets in underserved areas of Pennsylvania, and other eligible commercial real estate developments across in its Mid-Atlantic service area. It will provide combination of flexible debt and below market rate equity. Its products will include such features as no origination fees, 100% loan to value products for non-profits (and 90% loan to value products for other borrowers), and leasehold and subordinate collateral positions.
FA (2006) - $585,000
The Reinvestment Fund (TRF), founded in 1985, is one of the largest CDFIs in the nation. TRF has grown its Target Market from the Philadelphia regional market to a Mid-Atlantic area that includes New Jersey, Pennsylvania, Delaware, Maryland, and Washington DC. TRF provides a full array of community development financing including affordable housing development, community facilities, and commercial real estate finance. The $585,000 Financial Assistance Award will be used to strengthen TRF’s net asset base and leverage $8 million in private sector debt. This infusion will solidify the expansion from a primary emphasis on the Philadelphia regional market to a broader Mid-Atlantic footprint that has occurred over the past three years.
FA (2005) - $950,000
TRF proposes to utilize the 2005 financial assistance of $950,000 to expand its affordable housing and commercial lending activity in Hot Zones and among low-income targeted populations in the mid-Atlantic region while offering new non-profit acquisition, pre-development, and commercial real estate loan products.
FA (2004) - $2,000,000
The Reinvestment Fund will use the award to increase its single and multi-family short-term loans, community facilities, and business loans to Hot Zonez and Low-Income Targeted Populations. Technical Assistance will be used for technology upgrades.
NMTC (2003) - $38,500,000
The Reinvestment Fund will utilize its NMTC allocation to provide real estate financing to small businesses, financing to non-profit community facilities such as day care centers, charter schools, food aid distributors, health and social service centers, and financing for retail centers. The Reinvestment Fund will provide flexible financing at below-market rates, with a special focus on communities more distressed than NMTC-eligible areas (less than 60 percent area median family income, greater than 30 percent poverty rates, unemployment rates 1.5 times the national average, etc.). Through lower rates and accommodating terms, the Reinvestment Fund will reach real estate projects with more marginal cash flows, properties in nonfunctioning real estate markets where conventional capital is rarely available, and businesses, organizations and developers with limited assets and track records.
CORE (2002) - $2,000,000
The Fund"s $2,000,000 grant will help capitalize this loan pool, to be delivered by Reinvestment Fund in conjunction with other community lenders.
CORE (2000) - $2,500,000
The CDFI Fund"s $3,000,000 capital grant will help TRF leverage outside investment and will further build the equity base of TRF"s core loan fund.
CORE (1998) - $2,500,000
The profile for this award is not currently available.
CORE (1997) - $2,000,000
The profile for this award is not currently available.
Other Community Development Financial Institutions in Pennsylvania
American Street Financial Services Center
Philadelphia
Beech Capital Venture Corporation
Philadelphia
Berean Federal Savings Bank
Philadelphia
Borinquen Federal Credit Union
Philadelphia
Commonwealth Cornerstone Group
Harrisburg
Community First Fund
Lancaster
economic opportunities fund
philadelphia
Enterprise Center Capital Corporation, The
Philadelphia
Housing Opportunities, Inc.
Homestead
Impact Loan Fund, Inc.
Philadelphia
Landmarks Community Capital Corporation
Pittsburgh
MetroAction Inc.
Scranton
Mon Valley Initiatives
Homestead
Murex Investments, Inc.
Philadelphia
National Community Capital Association
Philadelphia
New Horizons Community Federal Credit Union
Philadelphia
New Life Credit Union
Philadelphia
Northside Community Development Fund
Pittsburgh
Philadelphia Commercial Development Corp
Philadelphia
PIDC - Regional Development Corporation
Philadelphia
PNC Community Partners, Inc.
Pittsburgh
Progress Fund, The
Dawson
Reading"s Future, LLC
Reading
Reinvestment Fund, Inc., The
Philadelphia
Rising Tide Community Loan Fund
Bethlehem
Rural Enterprise Development Corporation
Bloomsburg
Technical Resources, Inc.
Philadelphia
Tri County Community Loan Fund
Uniontown
United Bank of Philadelphia
Philadelphia
Universal Capital Investment Fund, Inc.
Philadelphia
West Philadelphia Financial Service Institution
Philadelphia
Women and Families Facilities Fund
Philadelphia
Women"s Opportunities Resource Center
Philadelphia
Featured Government Grant Resources
Historically Underutilized Business Zones - HUBZone Empowerment Contracting Program
The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.
Small Business Administration's Small Business Investment Companies
The Small Business Investment Companies Program revolves around the notion of developing privately owned and managed investment companies which will be licenses and regulated by the Small Business Administration, so as to provide equity capital, long term loans, and advisory services to small business requiring such services.
Social Entrepreneurship
Spotlight
Why People Buy from Social Enterprises?
The Guardian has compiled a list of responses to its latest open thread, and has announced the winner of the social enterprise gift hamper packed with presents.
