Key facts
- Ira Goldstein and Donald Hinkle-Brown have left Reinvestment Fund.
- Goldstein spent 27 years at the nonprofit, Hinkle-Brown 35 years.
- Goldstein launched IJG Urban Advisors, focusing on housing.
- Hinkle-Brown launched Emergent Impacts to assist CDFI organizations.
- Frank Fernandez will become the new CEO of Reinvestment Fund in September.
Two longtime leaders at the National affordable housing nonprofit Reinvestment Fund have departed to establish their own independent firms. Ira Goldstein, who spent 27 years with the organization, most recently as president of policy solutions, has launched IJG Urban Advisors. Donald Hinkle-Brown, who served 35 years with Reinvestment Fund, including 15 as CEO, has started Emergent Impacts.
Goldstein stated that his departure was prompted by a desire to see the next generation of leadership take over at Reinvestment Fund and that his new venture is in a good place. He plans to continue work on Philadelphia Mayor Cherelle Parker's $2 billion HOME Initiative, which aims to build and preserve 30,000 housing units, and is also addressing the housing crisis in Jackson, Mississippi.
Hinkle-Brown aims for Emergent Impacts to help Community Development Financial Institutions (CDFIs) become more nimble and responsive. He emphasized the importance of listening to community voices and the intriguing nature of "emergent impacts" from finance. Reinvestment Fund announced this week that Frank Fernandez, CEO of the Community Foundation for Greater Atlanta, will take over as CEO in September.
Both departing executives lauded Reinvestment Fund's work. Goldstein was recognized for creating a market value analysis framework that directed significant investment, while Hinkle-Brown highlighted data-advised, place-based investing as a key mission success. Goldstein also plans to continue lecturing at the University of Pennsylvania.