NEWS & UPDATES
REACH Riverside Awarded $1 Million Grant from Regional Foundation
The first-time investment from the Regional Foundation will support REACH's $700 million revitalization of Wilmington's Riverside neighborhood.
The Regional Foundation, whose mission is to improve the quality of life for children and families living in low-income communities in Eastern Pennsylvania, New Jersey, and Delaware by concentrating resources on comprehensive, neighborhood-based economic and community development initiatives, has awarded REACH Riverside a $1 million grant. REACH is one of seven organizations receiving this round of Neighborhood Implementation Grants.
The Neighborhood Implementation Grants program supports comprehensive community development plans that target specific neighborhoods, are resident-driven, and equity focused. The multi-year funding is designed to assist the foundation’s grantee partners to start or sustain momentum in their comprehensive neighborhood revitalization initiatives.
“Riverside has been historically ignored for decades,” said WRK Group CEO Logan Herring. “Our community was originally built for returning White veterans from World War II. With the implementation of the GI Bill, many White families were able to obtain mortgages – a major factor in determining generational wealth – and leave Riverside. This opportunity was not extended to returning Black veterans and as a result, many families were forced to live in communities of consolidated poverty. With the Regional Foundation’s generous investment, REACH Riverside, the managing partner for The WRK Group (including service partners, The Warehouse and Kingswood Community Center) will continue its holistic community revitalization plan throughout the Riverside and Northeast Wilmington communities. The WRK Group thanks the Regional Foundation for its ongoing commitment to creating safe and thriving communities.”