Healthcare Anchor Network (HAN) members Anchorum St. Vincent and RWJBarnabas Health are leveraging their funds to maximize their impact on community health and support their communities.
Anchorum St. Vincent and Enterprise Bank & Trust have committed $10 million to a new Community Catalyst Fund for affordable housing. Affordable housing developers such as Homewise, a Community Development Financial Institution (CDFI) can draw on the fund to purchase, rehabilitate, and redevelop residential as well as commercial properties in the Santa Fe region in New Mexico. The fund will also help community members with home down payments, home maintenance, and financial literacy. The fund also hopes to address education, economic development, health and human services, and social services.
“We know there is a lot of need out there, but we can’t do it on our own,” said [Anchorum CEO Peter] Bastone said in a recent article in the The Santa Fe New Mexican, noting the partnership with Enterprise.
RWJBarnabas Health has been working with New Jersey Community Capital, the state’s largest CDFI, for the last several years on the Family Village in Newark. The partners have acquired abandoned or foreclosed homes, and are renovating them to be healthy affordable homes for local families. In addition, residents will be connected with nonprofits including the South Ward Children’s Alliance for supportive services. The Shelterforce article interviews RWJBarnabas Health’s Michellene Davis and NJCC’s Hanaa Hamdi about what it was like for a hospital system and a CDFI to work together on an affordable housing project, as well as about addressing systemic racism in health care.