Reinvestment Fund is a catalyst for change in low-income communities. We integrate data, policy and strategic investments to improve the quality of life in low-income neighborhoods. Using analytical and financial tools, we bring high-quality grocery stores, affordable housing, schools and health centers to the communities that need better access—creating anchors that attract investment over the long term and help families lead healthier, more productive lives. We bring together individual investors, banks, government officials, private foundations and faith-based and community organizations to invest in projects that transform communities. As a federally certified community development financial institution (CDFI), we manage $1 billion that comes from over 865 investors. Through strategic investment, leadership in public policy, and data analysis, we put resources in the communities of greatest need in the manner that achieves the greatest good—because everyone should have the opportunity to live in a diverse and economically vibrant neighborhood. The company maintains a AA issuer rating from S&P, as well as a four star with Policy Plus, AAA rating from AERIS (highest rating available from industry rating agency).
About the Healthy Food Financing Initiative:
The Healthy Food Financing Initiative (HFFI) is a USDA program that aims to improve access to fresh, healthy foods in underserved areas. The program also aims to create and preserve quality jobs and revitalize low-income communities by providing technical assistance and capital to eligible food retailers. While new at its permanent home at the USDA, HFFI is also supported at the U.S. Department of the Treasury and U.S. Department of Health and Human Services since 2010. To date, HFFI has helped leverage more than $195 million in grants and an estimated $1 billion in additional financing. It has also supported 950 grocery and other healthy food retail projects in more than 35 states across the country, revitalizing economies, creating jobs, and improving health. In 2017, Reinvestment Fund was appointed by the USDA to serve as the National Fund Manager (NFM) for the program at the USDA.
The selection is a capstone to Reinvestment Fund’s decade plus efforts to bring equitable access to healthy food to communities across America. Beginning with the Pennsylvania Fresh Food Financing Initiative (FFFI) in 2004, Reinvestment Fund has developed a comprehensive and evidence-based approach to improving the food landscape for low-income people. Since that time, it has provided more than $248 million in grants and loans to support 163 healthy food projects. Reinvestment Fund also created ReFresh in 2014, a network of CDFIs working together to support healthy food access financing efforts across the country.
As the NFM, Reinvestment Fund is responsible for providing funds and technical assistance to retailers who qualify for financing. We are also responsible for working with USDA to leverage private capital and channel capital to fund eligible projects that will improve access to fresh, healthy foods in underserved rural and urban areas.
About the Position:
Reporting directly to the Chief of Strategic Initiatives (CSI), the Healthy Food Financing Initiative (HFFI) Program Director (PD) is responsible for planning, designing, developing and implementing effective and engaging programs in support of low-income people across the country. The PD will support the CSI in the design, resourcing and execution of the innovative HFFI national program that connects to our expertise as a provider of capital and data. The PD will be a key external face with constituents and stakeholders. More specifically, the HFFI program will include requests for proposals, grantmaking, and coordinating technical assistance providers to food retail operators.
This position also requires the PD to serve as a strategic advisor to a wide array of decision makers (e.g. state and federal legislators, foundation leaders, non-profit and for-profit executives, lobbyists, etc.) on a variety of critical topics including but not limited to food system development, food policy and project finance. He or she must be able to support Reinvestment Fund’s federal fresh food access advocacy on Capitol Hill and inside the United States Department of Agriculture (USDA).
This is an ideal opportunity
for a policy-savvy leader with strong strategic thinking, relationship
management, communication, and facilitation skills to work with Reinvestment
Fund’s leadership and staff and play a transformative role in shaping the
future of the HFFI.
Travel (30%) to perform programmatic
field work and to educate policy makers will be required.
- Cultivate and manage relationships with external program partners for HFFI – funders, advisors, program recipients, vendors and consultants.
- Lead Reinvestment Fund’s national food policy efforts, representing us and peer organizations and educating policy makers.
- Report to USDA in format and time line as outlined in the program contract.
- Direct programs’ contribution to building the CDFI field through various forums including written distillation of research and analysis.
- Represent Reinvestment Fund nationally in the healthy food and food system financing industry.
- Support the CSI to maximize the strategic value of program activity across Reinvestment Fund.
Program Operation Management:
- Maintain internal and external responsibilities ranging from client, budget and program management to designing and implementing programs.
- Responsible for the marketing and communications of the HFFI program with support from the Community and Investor Development (CID) group, with an eye to lifting our national visibility.
- Create and manage program budget and any associated contract agreements with subcontractors delivering programmatic and technical assistance services.
- Serve as the external face of HFFI for Reinvestment Fund with a wide array of stakeholders including state and federal legislators, foundation leaders, non-profit and for-profit executives, lobbyists, etc. which will include travel to D.C., conferences, convenings and project site visits.
- Plan, manage, and coordinate logistics for programmatic meetings and webinars.
grant/contract processes, compliance and reporting, including management
of re-grants to funding and technical assistance recipients, which will
include the following:
- Analyze and process funding advance requests and appropriate backup documentation as presented by the awardees.
- Obtain and review project compliance materials as required during the grant or loan period.
- Maintain project files in excellent condition and consistent with federal regulations and organization procedures, with sufficient documentation for third-party review, prepare files for timely audits.
- · Bachelor’s degree required, advanced degree in related field preferred.
- · Minimum of 10 years of relevant work experience, with significant expertise in food policy.
- · Demonstrated interest in and understanding of food policy.
- · Experience working in a position of leadership ideally at a non-profit, or at the federal, state, or local government level.
- · Strong analytical mindset; able to deconstruct large, complex policies into clear and actionable strategies and initiatives.
- · Experience leading and managing multiple, complex projects in a fast-paced, entrepreneurial, and ambiguous setting.
- · Inspiring leadership and relationship building; able to quickly build trust and credibility with both internal and external stakeholders.
- · Comfort managing up, down and sideways to achieve transformative outcomes.
- · Excellent communication skills, both oral and written, for a variety of audiences.
Evidence of a strong commitment to Reinvestment
Fund’s mission and work.
Compensation and Benefits:
Reinvestment Fund offers a competitive salary based on experience and skills, as well as an excellent benefits package including employer-paid health, disability and life insurance; 401(k) savings plan with employer match; tax favorable flexible spending accounts (medical, dependent care and transportation); tuition reimbursement; professional development; generous paid time off; and EAP program.
How to Apply:
Interested, qualified candidates should complete an online application, found at www.reinvestment.com and attach cover letter, resume and salary requirement.