Healthcare Anchor Network (HAN) member Intermountain Healthcare, along with a group of private institutions including the Clark and Christine Ivory Foundation and Zions Bank, created the Utah Housing Preservation Fund with the goal of raising $100 million to preserve subsidized and “naturally occurring” affordable housing. This year, the Preservation Fund helped secure 24 duplexes that will be rehabbed and targeted for rental to Housing Choice Voucher holders who earn less than 30 percent of Area Median Income (AMI).
In an article in Next City, Nicholas Fritz, Intermountain Healthcare’s impact investing director, shares how this is part of a strategy to improve the upstream causes of poor health: “We think that long-term, by keeping housing affordable and by renovating properties to keep them up to a healthy and safe standard, that we can help to build health in the communities we serve.”