HAN member BJC HealthCare is providing below-market, permanent financing to build 36 new single-family affordable homes in St. Louis County, Missouri. The $12 million project is also financed by low-income housing tax credits. Roanoke Construction, a project partner, is very committed to minority- and women-owned business participation, projected to be 22% and 7%, respectively. After a 15-year compliance period as affordable rental housing, residents will have an opportunity to purchase the homes.
From the Beyond Housing article:
“The ability for an individual to have a roof over their head is a critical component to overall health and well-being,” said Christopher Nolan, Director of Anchor Initiatives. “We need to address all of the health needs of those in our communities, which includes economics. BJC’s commitment to anchor investing exists to address the root causes of inequities in health outcomes – and that includes addressing the racial wage and wealth gap that we see in our region.”
See also: St. Louis Public Radio | Beyond Housing